Market Update

Oil prices rose for the second session on Thursday, compensating for losses incurred earlier in the session, as the market received support from the decline in US production in the Gulf of Mexico due to the damage caused by Hurricane Ida. By 0616 GMT, Brent crude rose 26 cents, or …

Gold fell, as the dollar’s rise and concerns about global growth affected risk appetite, while investors awaited any signals from major central banks after policymakers hinted at their support for reducing pandemic-era stimulus measures. Spot gold fell 0.1 percent to $1,788.11 an ounce, hovering near a two-week low reached in …

European shares fell, tracking Asian shares slump amid fears of slowing global growth, while expectations are growing that the European Central Bank will announce a timetable to slow bond purchases later in the day. The European Stoxx 600 index fell 0.8 percent to its lowest level in three weeks, and …

The Nikkei index fell from a six-month high to close lower on Thursday, in line with global markets as fears grew of slowing economic growth due to the mutated delta strain of the rapidly spreading Coronavirus. The Nikkei closed down 0.57 percent at 30,008.19 points, halting eight consecutive days of …

The Bank of Canada (BoC) announced on Wednesday that it left its key rate unchanged at 0.25% following the July policy meeting as expected. Moreover, the bank said that it will continue to purchase government of Canada bonds at a target weekly rate of C$2 billion.

The US dollar continued to rise during trading on Wednesday for the third consecutive day, after the strong decline that it recorded at the end of last week, on the back of negative economic data in the United States last August. The statements of the members of the US Federal …

Gold prices stabilized today, Wednesday, below the important level of 1,800 dollars, as the rise of the dollar led to an increase in the cost of gold to holders of other currencies, while investors awaited indications from the major central banks regarding measures to reduce stimulus. And gold settled in …

European stocks fell, as concerns about slowing global growth weighed on sentiment, while investors’ eyes turned to the European Central Bank meeting for indications on plans to reduce stimulus. The European Stoxx 600 index fell by 1% and is on track to record its largest daily drop in three weeks, …

On Wednesday, the Nikkei average closed at its highest level in nearly six months as investors bought cheap shares on the hope of an economic recovery, while SoftBank shares jumped thanks to a revenue-sharing deal with Deutsche Telekom. The Nikkei rose 0.89 percent to 30,181.21 points, its highest level since …

The Bank of Canada (BoC) is widely expected to keep its QE program and the policy rate of 0.25% unchanged following the September meeting on Wednesday 8 at 14:00 GMT NBF “The central bank’s monetary policy meeting should be a quiet affair, with no substantive policy changes expected and no …