Market Update

The US inflation data was released moments ago, and the markets waited for this data strongly to determine whether the inflation rate is exacerbating or is still under control, and these data are currently used to pressure the US Federal Reserve to announce the start of tightening its monetary policy …

Japan’s Nikkei index closed at a more than 31-year high Tuesday, September 14th, led by cyclical stocks that tracked Wall Street’s gains, while progress in a domestic vaccination campaign boosted hopes of reopening the economy. The Nikkei index rose 0.73% to close at 3,0670.10 points, its highest level since August …

Oil prices hit a six-week high on Tuesday on fears that another storm could affect production in Texas this week, even as the US crude industry struggles to return to normal production levels after Hurricane Ida wreaked havoc on the Gulf Coast. Oil prices rose for the third consecutive session, …

The dollar settled below a two-and-a-half-week high on Tuesday, September 14th, hit in the previous session, as investors braced for inflation data that may provide indications of the timing of the US Federal Reserve’s policy tightening at its meeting next week. Ahead of the US central bank’s policy review scheduled …

Hurricane Ida halted production of about 1.7 million barrels of oil per day at the end of August, the International Energy Agency said Tuesday, August 14th. The authority added that oil stocks of the OECD countries fell by 34.4 million barrels in July to 2.850 billion barrels. The agency cut …

Gold prices stabilized on Tuesday, September 14, as investors awaited key inflation data in the United States that may give indications of the Federal Reserve’s decision to reduce stimulus measures aimed at supporting the economic recovery from the pandemic. There was little change in the price of gold in spot …

Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, discussed the current situation across global markets, with anticipation for a number of developments over the course of the week. The U.S. Inflation We can say that inflation levels are the main driver of …

Bank of America said it may advance its $100 oil target to the next six months from mid-2022 if the winter comes colder than usual, potentially driving a rise in demand and a widening supply deficit. The bank said in a note dated September 10 that the colder winter than …

Goldman Sachs said that the impact of Hurricane Ida on oil production was greater than on-demand from refineries, which had a net positive impact on US and global inventory levels. In a note dated September 9, the investment bank described the damage to products in the United States as “unprecedentedly …

The German economy ministry was out with some comments in the last hour, saying that the GDP growth is likely to pick up significantly in Q3 following a 1.6% QoQ rise in the previous quarter. The GDP growth is expected to normalize in the fourth quarter.