Market Update

The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as was widely expected.

Samsung third-quarter profit jumped 28%, to a 3-year high, as rising memory chip prices, chip-making contracts, and screen sales outpaced rising consumer electronics production costs. The world’s largest maker of memory chips and smartphones said operating profit rose to 15.8 trillion won (about $13.48 billion) in the July-September period, from …

The Bank of Japan decided at its monetary policy meeting held today, by a majority vote, to fix negative interest rates at -0.1% on current accounts held by financial institutions with the bank in the short term. The bank also decided to control long-term interest rates, by purchasing the required …

The dollar index, which measures the greenback against a basket of six other currencies, was up 0.1% at 93.835, with moves seen limited ahead of next week’s policy-setting meeting by the Federal Reserve. The Nikkei index closed down 0.96 percent at 28,820.09 points, while the broader Topix index fell 0.7 …

Japanese stocks fell on Thursday as disappointing expectations from technology companies led to selling, but gains by major chip-related companies limited losses. The Nikkei index closed down 0.96 percent at 28,820.09 points, while the broader Topix index fell 0.7 percent to 1999.66 points. Robotics maker Fanuc slumped 8.66 percent after …

USD/TRY leap The European Central Bank (ECB) is scheduled to announce its monetary policy decision this Thursday at 11:45 GMT, which will be followed by the post-meeting press conference at 12:30 GMT. here are the expectations as forecast by the economists and researchers of nine major banks. ING “Updating the …

Oil prices fell to their lowest level in two weeks after official data showed a sudden jump in US crude stocks, and with the increase in Covid-19 cases in Europe and Russia and the emergence of some hotbeds of infection in China, dampening hopes for an economic recovery. Brent crude …

U. S. economic data in addition to corporate earnings reports and a number of positive developments had impact on the U. S. session Wednesday. The negotiations regarding the federal budget plan bill between the White House and the Congress is among the factors that led to a positive market performance.Gold …

The European Central Bank (ECB) is scheduled to announce its monetary policy decision this Thursday at 11:45 GMT, which will be followed by the post-meeting press conference at 12:30 GMT. Today’s ECB announcement may have more significance and is closely followed by the markets as it is one week ahead …

Investors and observers have expected the European Central Bank’s October meeting to be unexciting, but the current mixture of growth slowdown and higher inflation could cause it to be more action-packed than anticipated.Although big decisions on the future of the European Central Bank’s emergency stimulus package are unlikely to be …