Market Update

Gold prices increased Friday, May 14, on the back of the dollar’s decline, but the gains were limited after data showed a rise in inflation in the United States, which fueled fears of a faster rate hike than expected. The spot price of gold rose 0.2% to $1829.61 an ounce. …

Japanese stocks recorded their biggest weekly losses in 9 months, as investors were reluctant to make big bets in light of the return of the Coronavirus cases numbers to the increase and inflation concerns in the United States, despite the slight increase during the day on positive business results for …

India recorded 343144 new cases of coronavirus during the past twenty-four hours, on Wednesday 14th May, bringing the total number of cases to more than 24 million, at a time when four thousand new deaths resulting from Covid-19 were recorded. Data from the Ministry of Health indicated that India recorded …

Bitcoin fell more than 13% to trade at the $49,000 level after Elonmask announced that Tesla had stopped selling cars using the Bitcoin. CEO Elon Musk said in a tweet that Tesla has Accepting bitcoin in buying cars, fearing an increase in the use of fossil fuels in coin mining. …

Oil prices fell on Friday, May 14, after losing about 3% in the previous session, as cases of Coronavirus cases remained high in India, a major consumer of crude, and with the resumption of work of a major pipeline in the United States after being closed due to a cyberattack. …

Treasury bond yields in the United States continued to rise for the fourth consecutive session on Wednesday, as a rise in inflation is reducing demand for long-term debt instruments. The benchmark 10-year Treasury bond yield registered its biggest daily increase since March 18, rising by 0.071 to 1.695% Meanwhile, the …

Consumer prices in the United States surged during April, leading to the highest rise in the inflation rate in more than 12 years, data showed on Wednesday. The Consumer Price Index (CPI) increased by 4.2% last month, according to official data by the U.S. Department of Labor. This marked the …

The U.S. Dollar (USD) showed a mostly negative performance on Tuesday, as investors seek safe haven assets due to concerns about a rise in inflation rates. The Dollar Index (DXY) that measures the greenback’s performance against a basket of six major international currencies, is down by 0.04% at 90.17. The …

Oil prices rose on Tuesday, amid disruptions due to the cyber attack on the Colonial Pipeline in the United States, which plays a huge role in the distribution of gasoline across the U.S. Crude prices fluctuated during the second session of the week, before settling with limited gains. Brent crude …

The President of the Federal Reserve Bank of Philadelphia, Patrick Harker, said on Tuesday that the U.S. economy needs more time to recover before reducing the current pace of asset purchases. “I don’t want to change a whole lot until we’re clear of this ditch we’ve dug ourselves into with …