Market Update

The International Energy Agency said that oil prices are unlikely to rise sharply and continuously, despite the expectation that demand will be supported by vaccines later in the year, as the world is still awash with oil. She added in her monthly report, “The great rise of oil to close …

Japan shares closed flat on Wednesday, as gains in the health care sector were offset by profit-reaping selling in the technology sector, despite the continuing state of caution in general ahead of important meetings of the US Federal Reserve (central bank) and the Bank of Japan. The Nikkei index closed …

Gold rose on Wednesday, March 17th, hovering near its highest level in more than two weeks, amid expectations of a higher level of inflation, although trading was limited to a narrow range, with investors showing caution before the two-day policy committee meeting of the Federal Reserve. Gold rose 0.3% in …

Oil prices varied on Wednesday, March 17th, as concerns over volatile demand in Europe addressed hopes for a recovery in US refining activities, while industry data showed that US crude inventories fell unexpectedly last week. Brent futures were down 7 cents, or 0.1%, to $ 68.32 a barrel after initially …

Investment inflows into cryptocurrencies hit a record high of $4.2 billion during the first quarter (Q1) of 2021, according to data obtained by Business Insider. As expected, the largest digital currency in the world, Bitcoin, dominated the biggest share of these investment inflows with $3.3 billion, followed by Ethereum with …

The New York Stock Exchange (NYSE) finished mostly lower on Tuesday with Wall Street investors shifting their focus towards the outcomes of the U.S. Federal Reserve policy meeting. The Dow Jones Industrial Average ended an upward trend that lasted for seven sessions including four consecutive record closing levels until yesterday, …

Oil prices continued to decline for the third consecutive session on Tuesday, amid concerns about the recovery of the global demand and overcoming the Coronavirus crisis. Brent crude futures finished lower by 49 cents at $68.39 per barrel. Meanwhile, the West Texas Intermediate (WTI) futures plunged by 59 cents and …

Gold prices rose on Tuesday to finish at their highest level in about two weeks, supported by expectations that the Federal Reserve policy statement will help lower Treasury bond yields. The yellow metal futures for April delivery rise by $1.70, or 0.1%, to close at $1,730.90 per ounce. This the …

The Bank of Canada (BoC) is expected to reduce its bond purchases in April, according to a recent report by Reuters citing market experts. The move would signal developments in the recovery of the Canadian economy from the impact of the Coronavirus pandemic, but it would also be out of …

European stocks rose on Tuesday, amid positive expectations about economic recovery, and a positive performance by the auto sector after Germany’s Volkswagen announced positive forecasts for the industry. The pan-European STOXX 600 index gained 0.87% and closed at 426.75 points. Meanwhile, the French CAC40 added 0.32%, while the German DAX …