Market Update

Data from the Turkish Ministry of Health, Wednesday, April 21, showed that 362 new deaths were recorded with Covid-19 during the past 24 hours, in the largest daily toll since the outbreak of the pandemic in the country, bringing the total number of deaths to 36,975 deaths. The data showed …

Data from the European Union’s statistics office Eurostat showed that eurozone debt rose last year as European governments borrowed heavily to keep their economies active during lockdown measures aimed at combating the Coronavirus pandemic, while countries that are already heavily debt-ridden added most of the new debt. Eurostat said combined …

The euro rose ahead of a meeting of the European Central Bank to be held later on Thursday, April 22nd, as any positive comments on the economic outlook or hints of a reduction in bond purchases are expected to push the single currency up rapidly. The European Central Bank is …

The Russian Direct Investment Fund, which markets anti-virus vaccines abroad, said today, Thursday, that the Egyptian company, MinaPharm has agreed to produce more than 40 million doses of the Russian Sputnik v vaccine annually. The fund added, in a joint statement with Minapharm, that the two parties agreed to start …

Oil prices extended their losses for the third session Thursday, April 22nd, as a sudden increase in US crude stocks and a new spike in Covid-19 cases in India and Japan fueled concerns about the global economic recovery and that demand for fuel may falter. Brent crude futures were down …

Gold prices settled near a two-month high Thursday, April 22nd, only slightly diverging from the important $1,800 level as the US dollar retreated with the descent of Treasury yields, while palladium supply concerns kept steady near a record high recorded in the last session. Gold was little changed in spot …

European stocks are moving towards record highs Thursday, April 22nd after plunging earlier in the week, as sentiment improved thanks to a raft of strong earnings reports ahead of the European Central Bank’s policy decision. The European Stoxx600 index rose 0.4%, extending its gains for the second consecutive session after …

Japanese stocks jumped Thursday, April 22 as investors snapped stocks linked to chips and the economic cycle after a two-day decline in all sectors, while sentiment was supported by a positive close on Wall Street last night. The two main indices rose to the highest level in more than seven …

Oil prices declined on Wednesday to their lowest level in a week, due to concerns about the rising number of coronavirus cases and the potential slowing of demand recovery amid a third wave of the pandemic. Brent crude futures for June delivery declined by $1.25, or 1.9%, to close at …

The New York Stock Exchange (NYSE) rebounded on Wednesday, following two consecutive daily declines due to concerns about the rising number of cases of the coronavirus, which created some buying opportunities for Wall Street investors. The Dow Jones Industrial Average increase by 316.01 points, or 0.93%, to finish at 34,137.31 …