Market Update

The Group of Seven developed nations agreed over the weekend to a minimum global corporate tax rate of at least 15% as part of a broader deal on how to tax multinational companies such as Amazon and Google. German Finance Minister Olaf Scholz described the deal as “historic.” “It is …

Gold fell today with the dollar slightly higher, as investors’ focus shifted to US inflation data due this week, which may give some indication of the extent to which the Federal Reserve will continue to refrain from reducing monetary support. The dollar rose 0.1%, making gold more expensive for holders …

Oil fell on Monday, after hitting a two-year peak above $72, on pressure from a possible increase in Iran’s exports, but the recovery in demand and supply restrictions from OPEC + provided some support. Demand increases in the United States and Europe with the easing of restrictions related to COVID-19, …

Eurozone’s investor sentiment continues to improve as a trend in June, the latest data published by the Sentix research group showed on Monday. The gauge rose to 28.1 in June from 21.0 in May vs. a reading of 26.0 expected. The index advanced for the fourth straight month on reopening …

European shares slipped on Monday from all-time highs, with commodity stocks leading losses, as sentiment weighed after weaker-than-expected Chinese trade data and inflation concerns. Mining stocks fell more than 1% as copper prices fell after the below-expected Chinese export data raised fears of weak demand for the metal. Oil and …

Today’s data showed German industrial orders unexpectedly fell in April due to lower domestic demand, indicating that manufacturers in Europe’s largest economy are still affected by the closures aimed at containing the Coronavirus pandemic. Data published by the federal statistics offices showed that orders for industrial goods fell 0.2%, after …

Japanese shares closed higher on Monday after US jobs data eased fears of an early Federal Reserve policy easing, but strong profit-taking capped gains amid caution ahead of US inflation data this week. The Nikkei index rose 0.27% to 29,019.24 points, after it rose 1% earlier in the session, approaching …

The New York Stock Exchange (NYSE) closed higher on Friday on the back of positive expectations for economic recovery, despite the May jobs report coming below expectations. The Dow Jones Industrial Average added 179.35 points, or 0.52%, to close at 34,756.39 points. The S&P 500 rose by 37.04 points, or …

Oil prices rose on Friday and ended the week at to their highest levels in about two years, supported by expectations for demand recovery during the second half of the year. Brent crude futures for August delivery rose by 58 cents, or 0.8%, to finish at $71.89 per barrel, rising …

Gold prices finished higher on Friday, as the May jobs report in the United States came below expectations, which signaled that it would probably be more time before the Federal Reserve begins changing its current policies. The yellow metal futures for August delivery rose by $18.70, or 1%, to close …