Market Update

European stocks extended gains for the third consecutive session Thursday, July 22nd, with market sentiment boosted by signs of a strong earnings season and expectations that the European Central Bank will not deviate from its monetary easing policy. The STOXX Europe 600 Index rose 0.5% by 07:14 GMT. The index …

Gold prices fell on Thursday, July 22nd, to near the lowest level in more than a week, under pressure from a stronger dollar and rising risk appetite, while investors awaited the European Central Bank’s meeting scheduled for today. By 05:14 GMT, the spot price of gold was down 0.2% to …

A senior health official said that China has rejected the World Health Organization’s plan to conduct the second stage of investigation into the origin of the Coronavirus, which includes the hypothesis that it may have leaked from a Chinese laboratory. The World Health Organization this month proposed conducting a second …

Asian stock markets followed Wall Street’s lead, rising on Thursday’s trading, amid positive corporate earnings and optimism about the US economic recovery. The Hang Seng Index led the gains, jumping more than 1.5%, on reports that China will continue to open its financial sector and improve rules for foreign banks …

The price of Ethereum soared Wednesday, July 21, after Tesla and SpaceX CEO Elon Musk said he owns the cryptocurrency at The B Word, an event hosted by the Crypto Council on Innovation. Ethereum, which was already rising on the day, reached its session highs after Musk’s comments. Musk also …

The U.S. Dollar (USD) declined on Wednesday, dropping across the board, amid an improvement in the risk appetite among investors. The Dollar Index (DXY) that measures the greenback against a basket of six major international currencies is down by 0.24% at 92.75, after fluctuating throughout the day between 92.726 and …

Oil prices surged on Wednesday, maintaining a rising trend for the second consecutive session, following a huge drop at the beginning of the week, despite data showing another increase in crude inventories in the U.S., with markets witnessing a broader improvement in risk appetite among investors. Brent crude futures for …

Cryptocurrencies rebounded on Wednesday, recovering from a recent sell-off wave, as Bitcoin restored its level above $30,000. The world’s largest cryptocurrency in terms of market capitalization rose as high as $32,765 earlier today, on the back of improved risk sentiment among investors. Bitcoin is up by about 6.5% trading at …

Gold prices resumed losses on Wednesday, falling for the third time in four sessions, despite a mixed performance by the U.S. Dollar (USD) with lower demand for safe havens as stock markets surged to recover from earlier declines. The yellow metal’s front-month futures Gold for July delivery lost $8.00, or …

The European Union has reportedly rejected a proposal by the United Kingdom to discuss a new post-Brexit trade deal, regulating Northern Ireland, Reuters reported. Last year, an arrangement has already been reached regarding the issue after four years of negotiations between the two parties. However, businesses in Northern Ireland are …