Market Update

Gold prices stabilized after a rally in early trading on Wednesday, April 14th, as some increase in US Treasury yields offset the fall of the US dollar due to rising inflation. Gold settled in spot transactions at $1743.54 an ounce, after rising by as much as 0.3%. US gold futures …

The New York Stock Exchange (NYSE) closed Tuesday on a mixed note, following the release of the March reading of the U.S. inflation rate, which led to a rise in technology stocks. Treasury bond yields declined, with the benchmark 10-year U.S. Treasury bond yield falling by 5.6 basis points to …

Oil prices rose on Tuesday, supported by the improved demand forecasts for 2021, by the Organization of the Petroleum Exporting Countries (OPEC). In addition, positive economic data in the United States and China prompted optimism about the recovery of the global economy and the demand for energy sources. The West …

Gold prices rose on Tuesday, following two consecutive daily declines, as the U.S. Dollar (USD) retreated following the release of inflation data. The yellow metal futures for June delivery gained $14.90, or 0.9%, to close at $1,747.60 per ounce. Yesterday, gold futures dropped by 0.7% to settle at their lowest …

European stocks closed higher on Tuesday, near their all-time highs, amid anticipation for major economic data and earnings reports. The STOXX Europe 600 index gained 0.13% to finish at 435.80 points. Retail stocks led the gains, adding 1.6%, while the banking sector topped the losses and fell by 0.6%. The …

The New York Stock Exchange (NYSE) is showing a mixed performance on Tuesday, following the release of inflation data for March and halting the distribution of the Johnson & Johnson coronavirus single-dose vaccine. The Dow Jones Industrial Average gave up a record high ad decline by around 0.26% to 33,660 …

Health authorities in the United States on Tuesday recommended stopping the use of the Johnson & Johnson’s coronavirus vaccine, Reuters reported. Hopes were high for the single-dose vaccine, however, it was recently reported that six females under the age of 50 years developed rare blood clots after receiving the shot. …

The U.S. Dollar (USD) turned to the negative side on Tuesday, following the release of the consumer price index (CPI) March reading. The CPI increased by more than expected last month, rising by 0.6% on a monthly basis and by 2.6% on an annual level. A surge in gasoline prices …

Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 0.6% on a monthly basis in March from 0.4% in February. to be updated…

In its latest monthly report, the Organization of the Petroleum Exporting Countries (OPEC) raised its forecast for global oil demand growth in 2021 to 5.95 million barrels per day from 5.89 million barrels per day in the previous report, per Reuters. “There have been sizeable drawdowns in global inventories since mid-2020 …