The dollar fell to a nearly eight-week low against other major currencies on Monday, amid speculation that US Federal Reserve Chairman Jerome Powell will avoid talks on easing bond purchases at this week’s meeting. The dollar reached 107.71 yen, close to the lowest level since the fourth of March. The …
Read More »Kremlin: Putin-Biden Meeting Dates And Place Yet to be Chosen
Kremlin said in a statement on Monday, dates and place are yet to be chosen when asked about a possible meeting between Russian President Vladimir Putin and his American counterpart Joe Biden.
Read More »German IFO Index Drop to 99.5 in April
The headline German IFO Business Climate Index came a bit higher at 96.8 in April compared to last month’s 96.6, missing the expectations of 97.8.
Read More »European Stocks Are Stable as Losses in Auto Stocks Erase Gains
European stocks were largely flat on Monday, as car maker losses erased the gains of mining companies, while investors awaited a week full of corporate results and economic data. The pan-European STOXX 600 index rose 0.02% n early trade, after recording its first weekly loss in eight weeks on Friday. …
Read More »Japan Shares Closed Higher, Led by Travel Stocks
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. …
Read More »Gold Rising as Virus Cases Increase And The Dollar’s Decline Reinforces Its Safe-Haven Appeal
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 …
Read More »Oil Falls Amid Concerns About The Impact of Increased Covid-19 Cases in India on Fuel Demand
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 …
Read More »Wall Street Recovers from Most Weekly Losses
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 …
Read More »U.S. Treasury Bond Yields Rebound from Recent Lows
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 …
Read More »Oil Futures Close Higher to Limit Weekly Decline
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 …
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