Market Update

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 …

Gold prices rose on Wednesday for the second consecutive session to close at their highest level in about two months, supported by the decline of the U.S. Dollar (USD). The rapid resurgence of the coronavirus with a third wave of the pandemic is increasing demand for safe havens and negatively …

European stocks rebounded on Wednesday, following their worst daily performance of the year yesterday, supported by a positive sentiment among investors about the earnings reports by major listed companies. The STOXX Europe 600 index rose by 0.65%, after plummeting by 1.9% on Tuesday amid profit making. The French CAC40 index …

The U.S. Dollar (USD) switched to losses on Wednesday, after rising earlier in the session against its peers, after the Bank of Canada (BoC) signaled a sooner than previously expected rate hike. Although the BoC held its key rate unchanged at 0.25%, it now expects to raise interest rates by …

The Bank of Canada (BoC) has decided to maintain its key interest rate unchanged at a record low of 0.25%, as the economy remains in need of support, according to the bank’s statement on Wednesday. Now the Canadian central bank expects to keep the current level of interest rates until …

Treasury bond yields in the United States rose on Wednesday, ahead of an anticipated auction for long-term debt instruments, namely 20-year government bonds. The benchmark 10-year Treasury bond yield increased by a single basis point to 1.572%. As for the 30-year bond yield, it leveled up by one basis point …