Market Update

​​​​​​The German ZEW headline numbers for May showed that the Economic Sentiment Index jumped to 84 from 70.7 previous. Meanwhile, the Current Conditions sub-index recovered to -40.1 in May as against -48.8 recorded in the previous month.

Data showed today, Tuesday, that industrial production in Turkey jumped 16.6% year on year in March, exceeding expectations by a large margin, to record growth for the tenth month in a row after a sharp slowdown last year, coinciding with the start of measures to combat the Coronavirus pandemic. The …

Japanese stocks fell today, Tuesday, affected by technology stocks that tracked Wall Street losses overnight, while stocks related to the domestic economic cycle also fell due to concerns about the deterioration of the situation regarding the pandemic in the country. The Nikkei index fell 3.08% to 28,608.59 points, its lowest …

European stocks fell from their peak on Tuesday, and technology, travel and mining stocks were among the biggest losers after concerns about high inflation in the United States drove US indexes down. The pan-European STOXX 600 index fell 1.6% after hitting a record high on Monday. Sentiment deteriorated globally after …

Oil prices declined today as fears of a long-term disruption to the Colonial Pipeline system of energy pipelines, the largest in the United States, diminished, while some US Gulf Coast refiners reduced production. US West Texas Intermediate crude futures fell 61 cents, equivalent to 0.94%, to $64.31 a barrel, after …

The main indices of the New York Stock Exchange (NYSE) closed lower on Monday, due to increased selling pressures by Wall Street investors who projected concerns about a rise in inflation. After opening higher and shortly hitting a new intraday record high, the Dow Jones Industrial Average lost all of …

Oil prices finished Monday’s trading marginally higher, on the back of concerns about a cyberattack on the Colonial Pipeline in the United States. Brent crude futures for July delivery rose by 4 cents to settle at the level of $68.32 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures …

Gold prices rose on Monday for the fourth consecutive session, supported by the decline of the U.S. Dollar (USD) and fears about a potential rise in inflation rates, which led to higher demand for safe havens. The yellow metal futures for June delivery gained $6.30, or 0.3%, to finish at …

Bitcoin maintained a negative trajectory on Monday, moving within a downward trend due to selling pressures. The world’s largest cryptocurrency in terms of market capitalization fell by more than 5% over the past 24 hours, extending its losses over the past seven days to about 2.5%. Bitcoin is currently trading …

The U.S. Dollar (USD) is showing a mostly negative performance on Monday, amid concerns among investors about the prospects of a rise in inflation resulting from the economic recovery from the coronavirus pandemic. The Dollar Index (DXY) that measures the greenback against a basket of six major international currencies, is …