Market Update

The Director-General of the World Health Organization, Tedros Adhanom, warned during press statements of the danger of an acceleration in the pace of Coronavirus infections again globally, saying that humanity is now in real danger due to the spread of Coronavirus infection. The international official indicated that the world has …

European shares fell slightly on Friday ahead of an important US jobs report, but were on track to close the week higher as investors boosted confidence in the region’s economic recovery and corporate earnings growth. The pan-European Stoxx 600 index fell 0.1% in early trading after four sessions of gains …

Oil prices extended gains Friday, August 6, but are still on track for their biggest weekly loss since March as travel restrictions aimed at stemming the spread of the delta mutated strain raise concerns about fuel demand. Brent crude futures rose 47 cents to $71.76 a barrel, and US West …

Gold fell on Friday, August 6, to stay near the important level of $1800 an ounce, as it came under pressure from the stronger dollar as investors awaited the US jobs report for indications on the Federal Reserve’s stance on policy. And gold fell in immediate transactions 0.3% to $ …

Italy recorded 27 new deaths linked to the Coronavirus today, down from 21 the previous day, while the total of new cases rose to 7,230 from 6,596, the Ministry of Health said. Italy has recorded 128,163 deaths related to Covid-19 since the pandemic emerged in the country in February last …

The New York Stock Exchange (NYSE) continued to break record highs on Thursdays, with Wall Street investors reacting to the decline in jobless claims and ahead of the release of July’s employment data. The initial claims for unemployment benefits in the U.S. fell by 14,000 to 385,000 last week and …

The U.S. Federal Reserve Board Governor Christopher Waller is against recent moves to explore the establishment of a digital Dollar. Waller acknowledged the growing interest from central banks towards digital currencies but said that he remains skeptical that a digital Dollar would solve any major problem confronting the U.S. payment …

The U.S. Dollar (USD) finished Thursday nearly unchanged after fluctuations earlier in the session, following hawkish comments from the Federal Reserve. Recent remarks by Fed Governor Christopher Waller and Vice Chairman Richard Clarida suggested that the central bank could begin scaling back the accommodative policies and move to normalization in …

Oil snapped a three-session losing streak to close higher on Thursday, amid concerns about the spread of the Delta variant of the coronavirus. Brent crude futures for October delivery added 54 cents, or 0.8%, to close at $70.92 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for September …

U.S. Federal Reserve Governor Christopher Waller said on Thursday that economic recovery is progressing with the labor market showing improvement signs, which could lead to scaling back the accommodative monetary policy soon. Speaking to the American Enterprise Institute, Weller said that he is sure the U.S. economy will recover. “We …