Market Update

Oil prices rose on Monday but remained pressured by rising COVID-19 cases in Europe and the possibility of Japan drawing down on its national reserves, raising concerns about oversupply and weak demand. Brent crude and US West Texas Intermediate prices fell more than a dollar in early trading, hitting their …

The European euro fell on Monday, approaching its lowest level in 16 months, on the back of growing fears of the repercussions of the new restrictions to besiege Covid-19 in Europe, at a time when Austria began a complete closure, while Germany considers emulating it. Austria began its fourth closure, …

European shares rose Monday, November 22nd, boosted by a rally in telecoms stocks, and the European STOXX600 index rose 0.3% to offset Friday’s declines after Austria announced new lockdown measures to combat the COVID-19 pandemic and neighboring Germany hinted it might follow suit. Telecom shares rose 0.9%, supported by shares …

The Turkish lira rose to less than 11.2 against the dollar on Monday, November 22, after hitting an unprecedented low late last week, after the central bank cut interest rates again under pressure from President Recep Tayyip Erdogan, and indicated that more monetary easing is coming. The lira was at …

Gold fell in Monday morning trading in Asia but settled after hitting its lowest level in nearly two weeks. However, concerns about high numbers of COVID-19 cases in Europe helped limit some losses in gold. While gold futures were down 0.26% at $1,846.80. The dollar, which usually moves in reverse …

Gold fell in Monday morning trading in Asia, but settled after hitting its lowest level in nearly two weeks. However, concerns about high numbers of COVID-19 cases in Europe helped limit some losses in gold. While gold futures were down 0.26% at $1,846.80 by 11:17 PM ET. The dollar, which …

Baker Hughes reported, Friday, that the number of active U.S. rigs drilling for oil rose by seven to 461 this week.The new figures followed increases in each of the previous three weeks, including a climb of four oil rigs last week, Baker Hughes data shows.The total active U.S. rig count, …

It is becoming more and more obvious that the current historic inflation levels have ignited growing calls to speed taper. The US Federal Reserve is setting the scene for a new debate between hawkish and dovish approaches regarding the stimulus withdrawal, tapering and interest rate hike. Major peers, such as …

Oil prices continued to trade sharply lower on concerns that Europe’s COVID cases increase could lead to lockdown anew and could hurt energy demand.Federal Reserve Board of Governors member Christopher Waller said on Friday that the rapid improvement seen in the labour market and high inflation makes him favour faster …

`About 65% of Americans now view their economy as poor, according to a poll by The Associated Press-NORC Center for Public Affairs Research. Almost all predictions indicate that inflation will continue to rise over the next months, this applies to fuel, electricity, food costs and every household purchase, but Wall …