Market Update

French President Emmanuel Macron said, Friday, that the UK is playing with France’s nerves over fishing licenses. Macron also reaffirmed that the UK is not respecting post-Brexit fishing arrangements and reiterated that his government would continue to support the fishermen until they get their licenses. GBP has not reacted to …

US Treasury yields fell on Friday morning, with investors eyeing who would nominate the Fed chair, the benchmark 10-year Treasury yield fell by 3 basis points to 1.5565%, and the yield on the 30-year Treasury fell 3 basis points to 1.9405 %. President Joe Biden is expected to announce his …

Oil prices fell below $79 a barrel on Friday, as a new increase in Covid-19 cases in Europe threatened to slow the pace of economic recovery, while investors weighed the possibility of a move by the world’s major economies to withdraw from their strategic stocks of crude to calm energy …

The dollar is set for a fourth consecutive week of gains against its major rivals on Friday, as traders are betting that US interest rates will rise faster than expected amid rising inflation worldwide. The euro was one of the biggest losers against the dollar and is on track to …

European shares rose on Friday, heading for a seventh consecutive week of gains, as a jump in commodity-related stocks, strong gains, and easing monetary policy boosted investor sentiment. The European Stoxx 600 index rose 0.3 percent, retreating slightly from record highs, and mining and oil companies topped the gains, supported …

Two sources familiar with the matter said that the commitment of the OPEC+ group to oil production cuts amounted to 116 percent in October, up from 115 percent in September. This indicates that the group continues to produce within the framework of the agreed goals. The data showed that the …

Japan’s Nikkei rose on Friday after giant chip makers followed in the footsteps of their US counterparts and energy stocks rose following a recovery in oil prices. But losses incurred by SoftBank Group limited the gains for the second consecutive session. Alibaba Group, SoftBank Group’s biggest asset, on Thursday forecast …

Data from the Office for National Statistics in Britain revealed that retail sales grew more than market expectations and posted a positive reading for the first time in 4 months at the end of last October. The retail sales index recorded a growth of 0.8%, compared to market expectations of …

US shares markets witnessed a mild improvement in trading sentiment, despite printing a mixed daily performance for Thursday. The reason could be linked to the strong US data and comments from the Fed policymakers, as well as a pullback in the US inflation expectations and the Treasury yields.The Dollar Index’s …

US shares markets witnessed a mild improvement in trading sentiment, despite printing a mixed daily performance for Thursday. The reason could be linked to the strong US data and comments from the Fed policymakers, as well as a pullback in the US inflation expectations and the Treasury yields.Dow Jones dropped …