Market Update

The Bank of England (BoE) Governor Andrew Bailey is not expecting long-term impacts from thw recent surge in consumer prices. The inflation rate in the United Kingdom (UK) rose last month to 1.5%, compared with 0.7% in March, as the economy recovers from the coronavirus pandemic, and amid rising energy …

Borrowing for capital investments by companies in the United States amounted to $9.8 billion in April, increasing by 19% on an annual basis, according to data by the Equipment Leasing and Finance Association (ELFA) released on Tuesday. The surge in borrowing by U.S. companies came amid the recovery from the …

The dollar settled near its lowest level in three months against a basket of major currencies on Monday, with riskier currencies continuing to benefit from bets on a strong recovery in the global economy. The dollar index hovered around the 90 level, down 0.2% and close to its three-month low …

The data published by the Federal Reserve Bank of Chicago showed on Monday that the National Activity Index (CFNAI) declined to 0.24 in April from 1.71 in March.

Gold stabilized today, Monday, consolidating near the peak of four and a half months, supported by the decline of the dollar and a wave of selling of cryptocurrencies, while investors await the release of important economic data this week. The spot price of gold was little changed at $1881.40 an …

Cryptocurrencies resisted today, Monday, and were able to offset some of the losses they suffered after a wave of selling at the weekend sparked by more indications that China is taking further scaling measures for the emerging sector. Bitcoin rose to $ 37,391, after falling 7.5% in the previous session. …

Goldman Sachs signed that oil prices rise to $80 a barrel in the fourth quarter of this year, explaining that the market has not improved the estimate of recovery in demand, even despite the possible resumption of Iranian crude supplies. “The case for higher oil prices, therefore, remains intact given …

Bitcoin fell 13% on Sunday, May 23, after the world’s largest and most popular cryptocurrency was subjected to further selling which led to a 50% drop from its highest level in a year. Bitcoin fell to levels of $32,601 during trading, and Ethereum, which is linked to the Ethereum blockchain, …

Oil prices today recovered some of last week’s losses, as a potential obstacle to reviving the 2015 nuclear deal with Iran loomed over the horizon, which could add more oil supplies, while indirect talks between Washington and Tehran are due to resume this week. Brent crude futures for March delivery …

European stocks hovered near all-time highs on Monday, as investors counted on the ongoing economic recovery and positive corporate business results to keep market momentum going. The pan-European STOXX 600 index rose 0.02% to 444.50 points, not far from its highest level ever at 446.19 points. Cineworld Group shares rose …