Market Update

The European Central Bank will announce its decision at 11:45 GMT, and if it does not cut back on purchases, the Euro may fall. The press conference begins at 12:30 GMT, on the other hand, the US will release CPI data and unsurprising inflation numbers may lead to a rebound …

According to the economists surveyed by Bloomberg, the European Central Bank (ECB) is expected to maintain the current pace of the bond-buying programme while upgrading the outlook for growth and inflation.

European shares fell Thursday, June 10 as energy and auto stocks fell, as investors focused on the European Central Bank meeting later in the day. The European Stoxx600 index was down 0.1%, ending a four-day winning streak. Eurozone shares fell 0.2% ahead of the European Central Bank’s policy decision and …

Brent crude futures fell 36 cents, or 0.5%, to $71.86 a barrel, while US oil futures fell 35 cents, or 0.5%, to $69.61 a barrel. The US Energy Information Administration said on Wednesday that US crude oil stocks, which include strategic petroleum reserves, fell for the eleventh consecutive week as …

The main indices of the New York Stock (NYSE) closed lower on Wednesday, to erase earlier gains, with Wall Street investors anxiously awaiting the release of inflation data and reacting to the drop in Treasury bond yields. The Dow Jones Industrial Average lost 152.68, or 0.44%, to close at 34,447.14 …

Oil prices showed a mixed performance on Wednesday, after the weekly inventories report in the U.S. showed a huge surge in gasoline stockpiles. The U.S. crude benchmark futures declined, while the global benchmark settled nearly unchanged, despite a decline in crude inventories in the United States. The rise in gasoline …

Gold prices finished higher on Wednesday with small gains, amid a decline by the U.S. Dollar (USD) and Treasury bond yields. Nevertheless, the yellow metal’s most active contracts failed to regain the $1,900 key level. Gold futures for August delivery gained $1.1 to close at $1,895.50 per ounce. Markets are …

European stocks showed a mixed performance on Wednesday, with investors awaiting the decision of the European Central Bank (ECB) regarding the future of the Pandemic Emergency Purchase Programme (PEPP). The pan-European STOXX 600 index rose marginally by a little less than 0.1% at 454.44 points. The benchmark index in France, …

The British Pound (GBP) rose against the U.S. Dollar (USD) and managed to finish Wednesday’s trading higher on the back of a the latter’s decline. The GBP/USD finished at 1.4173, higher for the day by about 0.11%, after closing on Tuesday at 1.4157. Markets are anticipating the release of May’s …

The Euro (EUR) erased most of its gains against the U.S. Dollar (USD) on Wednesday, moving towards a marginal rise near its closing level in the previous session. Earlier today, the EUR/USD pair was trading as high as 1.2218, due to the brief plunge by the Dollar, after falling U.S. …