Market Update

Natural gas inventories in the United States increased by 13 billion cubic feet for the week ending July 30, according to estimates by the U.S. Energy Information Administration (EIA) released on Thursday. Total natural gas stockpiles reached 2.727 trillion cubic feet, down by 542 billion cubic feet compared with the …

There were 385,000 initial claims for unemployment benefits in the US during the week ending July 31, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 399,000 (revised from 400,000) and came in slightly above the market expectation of …

“Remarkable how little headline news there has been on UK economic activity since May.” “Our view is inflation pressures will reduce.” “We don’t see a spike in unemployment when furlough ends.” “Number of unemployed people will be about 250,000 higher than before pandemic.” “Should economy grows as expected, some modest …

Following the Bank of England’s (BoE) decision to leave the policy rate and the Asset Purchase Facility unchanged at 0.1% and £895B, BoE Governor Andrew Bailey will deliver his remarks on the policy outlook.

The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% following the August policy meeting and kept the Asset Purchase Facility steady at £895 billion as widely expected.

Futures contracts linked to the major US stock indexes rose moderately in Thursday morning trading as Wall Street appeared to be improving in a mixed week. Waiting for the US labor market data, which is considered the latest and most prominent in the US market this week. At 9:31 AM …

Oil prices fell on Thursday, giving up early gains, as more countries imposed restrictions on movement in light of the increase in cases of the Coronavirus and the rise in the dollar, although tension in the Middle East prevented further decline. On Thursday, Japan expanded emergency restrictions to include more …

Gold prices came under pressure Thursday, August 5th, after comments from the US Federal Reserve boosted the dollar, while investors are now focusing on non-farm payrolls data for indications of a labor market recovery. And gold fell in spot transactions 0.1 percent to $ 1809.91 an ounce, while US gold …

Thursday, August 5th data showed orders for German-made goods rose more than expected in June, driven by bookings of large industrial products primarily by domestic customers. Data published by the Federal Statistics Office showed that orders for “made in Germany” goods jumped 4.1% month-on-month, after adjusting for seasonal factors. This …

On Thursday, August 5th, the Turkish lira touched its lowest level against the US dollar in a week on concerns about monetary policy after Turkish President Recep Tayyip Erdogan said interest rates would fall. The lira hit 8.55 against the dollar, down from a close of 8.48 on Wednesday. And …