Market Update

The main indices of the New York Stock Exchange (NYSE) finished lower on Monday, starting the week with a negative performance as Wall Street investors turn to their focus to the upcoming earnings reports from listed companies. The Dow Jones Industrial Average closed lower by 55.20 points, or 0.16%, at …

Oil prices rose on Monday, amid optimism about the prospects of the recovery of economic growth and the global demand for energy. Brent crude futures for June delivery increased by 33 cents, or 0.52%, to finish at $63.28 per barrel. Meanwhile, the U.S. West Texas Intermediate (WTI) crude futures gained …

Gold prices declined on Monday, opening the week with a negative performance amid a rise by the U.S. Dollar (USD) and Treasury bond yields. Gold futures for June dropped by $12.10, or 0.7%, to finish at $1,732.70 per ounce. This is the lowest closing level for the yellow metal most …

The United States registered a record public deficit at $660 billion last month, data by the U.S. Department of the Treasury showed on Monday. In March, the deficit recorded a new record high on the monthly level after revenues reaching $268 billion and expenditure at $927 billion and both reaching …

President of the Federal Reserve Bank of Boston, Eric Rosengren, said on Monday that the United States economy could recover strongly this year due to the Fed’s policies and the increased government stimulus. “With labor-market slack still significant, and inflation still below the Federal Reserve’s 2% target, my perspective is …

European stocks declined on Monday, after a recent rally brought it to its all-time highs, amid profit making and losses by the technology sectors and major indices. The STOXX Europe 600 index fell by 0.4%, as the technology sector lost 1.3% to lead the market losses. The French CAC40 index …

Inflation expectations by consumers in the United States rose last month, with more optimism about the labor market, as shown by a recent survey by the Federal Reserve Bank of New York. The New York Fed’s report showed on Monday that consumers’ short and medium-term inflation expectations reached their highest …

A recent survey by the Bank of Canada (BoC) showed on Monday that business sentiment in Canada improved with the economy showing signs of recovery from the negative impacts caused by the Coronavirus pandemic. Roughly two thirds of Canadian businesses reported their sales returning to their levels prior to the …

Wall Street’s main indexes fell on Monday, while the S&P 500 retreated from record highs, as investors brace themselves to start the earnings season and the release of a major inflation report this week. The Dow Jones Industrial Average fell 25.54 points, or 0.08%, to 33,775.06 points. The Standard & …

On Monday, a pricing document showed that Iraq raised the official selling price of Basra Light crude in May shipments to Asia to a premium of $1.40 per barrel to DME Oman futures, an increase of $0.10 over the previous month. According to Reuters. The official selling price of Basra …