Market Update

The week started in slow motion, with little action across the board. Chinese data released at the beginning of the day provided a modest boost to high-yielding assets, which changed course during European trading hours. US markets were closed due to the celebration of Martin Luther King Day, with no …

Director of Research and Development at Noor Capital and member of the US Association of Professional Technical Analysts, Mohamed Hashad, was interviewed Monday morning by Dubai Channel to comment on the most outstanding developments in the financial markets during the second week of 2022, as oil continued to reap gains …

Amid holiday-thinned trading conditions with US markets shut for MLK Day, oil prices have been broadly stable on the first trading session of the week, with front-month WTI futures subdued near $84.00 per barrel.Prices hit a fresh two-month high in the $84.70s early on during Asia Pacific trade, but profit-taking …

The FOMC’s first meeting of the year is likely be a quieter affair than its December meeting, when the Committee accelerated its taper plans and outlined a more aggressive policy path for 2022. According to Wells Fargo, “there will not be a fresh Summary of Economic Projections, and we expect …

The Bank of Japan will announce its policy decision on Tuesday, January 18. The central bank is unanimously expected to keep its policy settings at the conclusion of its two-day meeting and as it gets closer to the release time, here are the expectations forecast by the economists and researchers …

The Bank of Canada’s Business Outlook Survey (BoS) for Q4 revealed on Monday that the business sentiment in Canada improved again, with the BoS indicator coming in at a new record high of 5.99, up from 4.73 in the third quarter. The data for the latest survey was collected prior …

A Moscow court said on Monday it has fined Alphabet Inc’s Google 4 million Russian rubles ($52,526) for providing access to content banned in Russia, the latest in a string of fines for the US tech giant. Russia has stepped up its efforts to pressure big tech companies, imposing huge …

The US dollar fell somewhat on Monday as traders believed the US Federal Reserve’s rate hike steps had already been absorbed while the euro retreated from Friday’s two-month high. The Chinese central bank’s sudden cut in key lending rates has highlighted the bank as a tweeter out of the fray …

Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday it was up to the United States whether or not to withdraw more supplies from its strategic oil reserves. The administration of US President Joe Biden said in November that it would withdraw about 50 million barrels from its reserves …

Official data showed today, Monday, that China’s economy achieved stable growth in 2021 despite challenges, including the re-spread of the epidemic and the complex external environment. According to the National Statistics Authority, China’s gross domestic product rose 8.1 percent year on year to 114.37 trillion yuan (about 18 trillion US …