Market Update

The U.S. Dollar (USD) declined on Friday touching its lowest level in about a week, after data showed a sharp drop in consumer sentiment in the United States. The preliminary reading of the University of Michigan consumer sentiment index dropped to 70.2 in the first half of August, hitting its …

The number of active rigs drilling for crude oil in the United States rose by 10 to 397 this week, data by Baker Hughes showed on Friday. This marked the largest increase for U.S. oil rigs since the beginning of April. The total rig count rose by nine to reach …

Consumer sentiment in the United States declined this month, registering its biggest drop since the beginning of the coronavirus pandemic. More people in the U.S. are concerned about the rising inflation and the slow pace of the labor market recovery. The University of Michigan consumer sentiment index dropped to a …

Gold prices rose on Friday, August 13, supported by concerns about an increase in infections with the Coronavirus, but the strength of the dollar kept the yellow metal on the path of recording the second consecutive weekly decline. Spot gold rose 0.2% to $1,756.61 an ounce. And gold is down …

The US dollar rose on Friday, August 13th, and is on track for a second consecutive week of gains against its major rivals, as investors assess the possibility of the Federal Reserve announcing its plans to cut stimulus in the coming weeks. Data on Thursday showed that US producer prices …

Data published by the European Union statistics office Eurostat on Friday, August 13th showed that the eurozone recorded a significant rise in its trade surplus with the rest of the world in June compared to May, as exports grew faster than imports during the month. Eurostat said the 19-nation eurozone …

European shares hit new highs on Friday, August 13th, and are on track to achieve gains for the fourth consecutive week, thanks to optimism about a strong corporate earnings season and a steady recovery from the economic downturn caused by the pandemic. The pan-European Stoxx 600 index rose 0.1%, to …

The Japanese Nikkei index closed lower Friday, August 13, led by the decline in chip-related shares that tracked their US counterparts, but heavyweight Recruit Holdings held back losses thanks to its rise. The Nikkei fell 0.14% to close at 27977.15 points, while the broader Topix index gained 0.15% to 1956.39 …

Today, the U.S. Food and Drug Administration amended the emergency use authorizations for both the Pfizer-BioNTech and Moderna COVID-19 Vaccine to allow for the use of an additional dose in certain immunocompromised individuals, specifically, solid organ transplant recipients or those who are diagnosed with conditions that are considered to have …

Oil prices closed lower on Thursday after OPEC maintained expectations for demand growth this year. Brent crude futures for October delivery lost 13 cents, or 0.18%, to close at $71.31 per barrel, snapping a two-day rising streak, while the West Texas Intermediate (WTI) futures decreased by 16 cents, or 0.23%, …