Market Update

There were 185,000 initial jobless claims in the US on the week ending on 9 April, the latest report from the US Depart of Labour showed on Thursday. That was a little above expectation for a rise to 171,000 from 167,000 one week prior. The four-week average number of initial …

Gold prices fell on Thursday but were still on track to record a weekly increase, supported by the demand for safe havens due to the Ukraine crisis and mounting price pressures. By 1100 GMT, gold fell in spot transactions 0.2 percent to $ 1973.41 an ounce, after rising for six …

The European Central Bank left its benchmark deposit rate unchanged at -0.50% on Thursday as unanimously expected by analysts. The central bank also reiterated its guidance that net asset purchases (Quantitative Easing or QE) should end in Q3. to be updated

The Central Bank of the Republic of Turkey left its benchmark interest rate, the one-week repo rate, unchanged at 14.00% on Thursday, as market participants had been expecting. The CBRT’s decision to hold interest rates comes despite the headline rate of Consumer Price (CPI) Inflation in Turkey surging above 60% …

A regulatory filing on Thursday said billionaire Elon Musk has offered to buy Twitter for $41.39 billion. Musk’s bid of $54.20 per share represents a 38 percent premium to Twitter’s closing price on April 1, which was the last trading day before the Tesla CEO announced his investment in more …

Standard Chartered Bank said on Thursday it will scale back its activities in Africa and the Middle East, as it seeks to cut costs and focus on more profitable markets. The bank will fully exit from Angola, Cameroon, Gambia, Jordan, Lebanon, Sierra Leone and Zimbabwe. It will also halt its …

European stock prices stabilized on Thursday after the release of mixed business results for several companies, while investors awaited the decisions of the European Central Bank amid risks to economic growth from rising inflation. The pan-European Stoxx 600 index was little changed by 0722 GMT after the strong closing of …

Japan’s Nikkei rose for a second session on Thursday, boosted by technology and travel stocks, tracking gains made by Wall Street Thursday night. The Nikkei ended the session up 1.22 percent to 27,172 points, to close above the 27,000 points level for the first time since the sixth of April. …

Oil prices fell on Thursday in limited trading ahead of a public holiday, as traders weighed the impact of a larger-than-expected rise in US oil inventories in the face of global supply shortages. By 0632 GMT, Brent crude futures fell $1.14, or 1.1 percent, to $107.64 a barrel, while the …

The European Central Bank ‘ECB’ will announce its decision on monetary policy on Thursday, April 14, at 11:45 GMT. As we get closer to the release time, here are the expectations of the economists and forecasters of 6 major banks. The European Central Bank is expected to leave key rates …