Market Update

The main indices of the New York Stock Exchange (NYSE) showed a mixed performance on Monday, amid an improved investors’ sentiment and the rise in Treasury bond yields following the passing of the $1.9 trillion relief bill by the U.S. Senate. The Dow Jones Industrial Average closed lower by 0.97% at …

Treasury bond yields in the United States continued to rise on Monday, as selling pressures on long-term debt instruments continued due to expectations of a rise in inflation and strong economic recovery. The benchmark 10-year Treasury bond yield rose to their highest level in nearly 13 months, adding 4.3 basis …

Oil prices declined on Monday for the first time in five sessions after briefly rising due to fears about geopolitical tensions. Brent crude futures for May delivery lost $1.12 or 1.6%, to close at $68.24 per barrel. The global benchmark futures exceeded $71.3 per barrel yesterday, trading higher than $70 …

Gold prices declined on Monday to their lowest level in about a year, as the U.S Dollar (USD) and Treasury bond yields continued to rise strongly, supported by expectations of economic recovery, especially after the Senate passed the $1.9 trillion stimulus package. The yellow metal futures for April delivery dropped …

The United States House of Representatives on Monday questioned the CEO of Facebook, Mark Zuckerberg, about the social network’s policies regarding ads directed towards gun accessories and protective equipment, Reuters reported. The claim is that ads about weapons were placed next to content that amplified election misinformation and news about …

The U.S. Dollar (USD) rose on Monday, reaching its highest level in three and a half months, supported by higher demand due to the increasing Treasury bond yields. The Dollar Index (DXY), which measures the USD’s performance against a basket of six major international currencies, is up by 0.35% at …

European shares finished Monday higher, opening the second week of March with a positive performance, as investor’s sentiment improved on the back of positive expectations of economic recovery, following the passing of the huge stimulus bill in the United States by the Senate. The STOXX Europe 600 index closed up …

The United States Secretary of the Treasury, Janet Yellen, said on Monday that the $1.9 trillion relief bill will strongly help economic recovery from the impact of the Coronavirus pandemic, Reuters reported. “This is a bill that will really provide Americans the relief they need to get to the other …

Wholesale inventories in the United States increased by 1.3% in January, data by the U.S. Census Bureau showed on Monday. Inventories now stand at $661.7 billion, rising by 0.6% on an annual basis. Meanwhile, wholesalers sales recorded an adjusted rise of 4.9% in the first month of the year, amounting …

Today’s survey showed that an indicator of investor confidence in the eurozone jumped in March to its highest reading in more than a year, supported by an improved outlook for the current situation. The Sentex Eurozone index rose to 5.0 from -0.2 in February, its highest level since February 2020. …