Market Update

The yield on the benchmark 10-year US Treasury bonds changed slightly at 1.56% today, Wednesday, near levels not seen in a month, amid easing inflation concerns. Many officials have continued to emphasize that most price increases should be temporary and affirmed their support for keeping monetary policy easing for some …

Oil stabilized today and traded within a narrow range amid optimism about an improvement in fuel demand in the United States, but the possibility of Iranian oil returning to the markets pressures prices. Brent crude rose 14 cents, equivalent to 0.2%, to $ 68.79 a barrel, and US West Texas …

The US dollar stabilized near its lowest level in five months in early trade in London on Wednesday, while the New Zealand dollar rose by more than 1% in light of the country’s central bank hinting at the possibility of a rate hike in September 2022. The dollar index recorded …

European stocks rose near their highest levels ever today, Wednesday, amid pledges by a number of policymakers in central banks to maintain a soft monetary policy despite recent indications of rising inflation. The European Stoxx 600 index rose 0.3%, the German DAX index rose 0.4%, the French CAC 40 index …

Today, gold prices surpassed the psychologically important level of $ 1900 an ounce, supported by the dollar’s decline and growing concerns about inflation after US Federal Reserve officials maintained a more accommodative stance on interest rates. In Asian trading, gold in spot transactions increased 0.3% to 1,905.36 dollars an ounce, …

Japanese stocks made slight gains today, Wednesday, to record up for the fifth consecutive day, but lacked momentum in light of the uncertainty surrounding the global inflation situation and the local cases of coronavirus, which discourages investors from testing major resistance levels on the upside. The Nikkei index rose 0.31% …

The New York Stock Exchange (NYSE) finished lower on Tuesday, as negative economic data reflected negatively on the risk sentiment among Wall Street investors. In addition, reflation fears and expectations about possible monetary policy changes by the United States Federal Reserve also affected the market. The Dow Jones Industrial Average …

Oil prices continued to rise on Tuesday, but gains were limited due to concerns about a possible rise in global output as media reports point to developments in restoring the Iran nuclear deal. However, markets continue to show optimism about demand recovery during the second half of the year, amid …

Gold prices rose on Tuesday, supported by the decline of the U.S. Dollar (USD) against major currencies, and with stock markets showing a mixed performance. In addition, a slight decline in U.S. consumer confidence provides support for safe haven assets, including the yellow metal. Gold futures for June delivery increased …

House prices in the United States rose by 12.6% in the first quarter (Q1) of 2021, compared with the Q1 of 2020, data showed on Tuesday. The Federal Housing Finance Agency (FHFA) House Price Index (HPI) rose by 3.5% compared to Q4 of 2020. Meanwhile, FHFA’s seasonally adjusted monthly index …