Market Update

The Ministry of Health said that Italy recorded 331 deaths related to the Coronavirus today, Sunday, compared to 344 the previous day, while the number of daily infections decreased to 15 thousand and 746 after it was 17,567 the previous day. Italy has recorded 114,254 deaths related to Covid-19 since …

Gold prices fell on Monday, April 12th, under pressure from rising US Treasury bond yields and the dollar, after better-than-expected US economic data increased the possibility of a rise in the rate of inflation. This fell in the spot market 0.4% to 1735.90 dollars an ounce. And gold fell in …

The main indices of the New York Stock Exchange (NYSE) finished higher on Friday, with the Dow and the S&P 500 hitting an all-time closing high amid signs of economic recovery from the negative impacts of the Coronavirus pandemic. Despite a larger than expected rise in producers prices last month, …

The U.S. Dollar (USD) narrowed its daily gains on Friday but remained in the positive territory against major currencies on the back of a rise in Treasury bond yields. The Dollar Index (DXY), which measures the greenback against a basket of six currencies, is up by 0.13% at 92.18, after …

The U.S. Dollar (USD) rose against the Japanese Yen (JPY) on Friday supported by the rising Treasury bond yields, The benchmark 10-year U.S. Treasury bond yield is up by about three basis points at 1.66% after declining on Thursday, amid expectations of a rise in inflation following the release of …

Gold prices declined on Friday, as the U.S. Dollar (USD) rose across the board supporting by rising Treasury bond yields. Today’s decline limited the yellow metal’s weekly gains Gold futures for June delivery decreased by $13.40, or 0.8%, to close at $1,744.80 per ounce. For the week, gold’s most-active contracts …

European stocks showed  a mixed performance on Friday, but managed to lock another weekly rise to score its longest streak of weekly gains since November 2019. Positive expectations regarding economic recovery in the Eurozone weighed off concerns about the slow rollout of coronavirus vaccines. The pan-European STOXX 600 finished almost …

President of the Federal Reserve Bank of Dallas Robert Kaplan said on Friday that he will support reducing the current level of support to the economy soon. “You don’t want to be preemptive, but I also don’t want to be so reactive that we are late.” Kaplan believes that as …

The number of active rigs drilling for crude oil and natural gas in the United States increased by two this week, raising the total rig count to 432, according to data by Baker Hughes on Friday. The weekly report showed that the number of oil rigs remained unchanged at 337, …

Wholesale inventories in the United States increased during February, according to data by the U.S. Department of Commerce on Friday. The initial estimate of the growth in wholesale inventories was revised upwards to 0.6%, from 0.5% estimated last month, following a 1.4% surge in January. Meanwhile, the component of wholesale …