Market Update

Japanese shares closed higher on Monday as travel-related stocks recovered from losses stemming from concerns over coronavirus restrictions, and after ANA forecast losses lower than expected for the full year. The Nikkei index rose 0.36% to close at 29,126.23 points, while the broader Topix index rose 0.17 to 1918.15 points. …

Gold won today, Monday, as the increase in the incidence of Covid-19 cases strengthened its appeal as a safe haven, and this reinforced the weakness of the dollar before the meeting of the Federal Reserve (US Central Bank) this week, while the palladium, which is used in the auto industry …

Oil prices fell on Monday, on the back of fears that the escalation of Covid-19 infections in India will lower the demand for fuel in the world’s third-largest oil importer, and with investors shifting positions ahead of a planned increase in OPEC+ oil production from May. Brent crude futures fell …

The New York Stock Exchange (NYSE) finished higher on Friday, amid increased optimism among Wall Street investors about the recovery from the impacts of the coronavirus pandemic, signaled by positive economic data. However, today’s gains did not erase weekly losses, which resulted from concerns about a new wave of the …

Treasury bond yields in the United States rose on Friday, amid an improvement in risk appetite among investors due to positive economic data signaling recovery from the negative impacts of the coronavirus pandemic in the U.S. and Europe. The benchmark 10-year Treasury bond yield increased by 1.2 basis points to …

Oil prices rose on Friday, limiting their weekly decline that resulted mostly because of concerns about demand recovery amid a resurgence of the coronavirus with a rising number of new cases, especially in India. Brent crude futures for June delivery gained 71 cents, or 1.1%, to close at $66.11 per …

Gold prices declined on Friday, turning to a weekly loss, despite the fall of the U.S. Dollar (USD). The prospects for economic recovery, as evident by recent economic data, reduced demand for safe havens and led to better risk appetite. Gold futures for June delivery finished lower by $4.20, or …

European stocks declined on Friday, registering their first weekly loss in eight weeks, as the market reacted to concerns about the rising number of new coronavirus cases amid a new wave of the pandemic. The STOXX Europe 600 index closed lower by 0.2%, expanding its losses to 0.8% for the …

The U.S. Dollar (USD) is declining on Friday, nearing another weekly loss, despite data showing more progress in the economic recovery from the impacts of the coronavirus pandemic. The Dollar Index (DXY) that measures the greenback against a basket of six major international currencies is down by 0.52% at 90.86. …

The number of active rigs drilling for crude oil in the United States declined this week, for the first time since March, despite rising oil prices encouraging a rise in production. Oil rigs decreased by a single rig to reach 343, while natural gas rigs maintained their level of last …