Market Update

Oil prices today recovered some of last week’s losses, as a potential obstacle to reviving the 2015 nuclear deal with Iran loomed over the horizon, which could add more oil supplies, while indirect talks between Washington and Tehran are due to resume this week. Brent crude futures for March delivery …

European stocks hovered near all-time highs on Monday, as investors counted on the ongoing economic recovery and positive corporate business results to keep market momentum going. The pan-European STOXX 600 index rose 0.02% to 444.50 points, not far from its highest level ever at 446.19 points. Cineworld Group shares rose …

Japanese stocks closed higher on Monday, driven by a boost from stocks sensitive to global economic growth, as investors were optimistic about positive data on US factory activities that helped the Dow index to close, adding to an increase in the previous session. The benchmark Nikkei index advanced 0.17% to …

The Euro (EUR) declined by 0.38% against the U.S. Dollar (USD) on Friday, as the greenback rebounded from recent losses. For the week, the EUR/USD pair recorded a 0.33% rise. Business activity in the Eurozone expanded during May, growing by the best pace in more than three years, official data …

The New York Stock Exchange (NYSE) finished Friday on a mixed note, as positive economic data reflected positively amid an improved risk sentiment amid Wall Street investors. The Dow Jones Industrial Average rose by 123.69 points, or 0.36%, to close at 34,207.84 points. The S&P 500 lost 3.26 points, or …

Bitcoin extended its losses on Friday, after China announced plans to crackdown on the digital currency. The Chinese Vice Premier, Liu He, announced plans by the government to crack down on Bitcoin’s mining and trading activities, as the Chinese Financial Stability and Development Committee announced earlier today that measurements against …

Oil prices rose on Friday, amid possible supply disruptions in North American due to a subtropical storm forming near the Gulf of Mexico. However, crude futures failed to recover all of its weekly losses. Brent crude futures for July delivery gained $1.33, or 2%, to settle at $66.44 per barrel. …

Gold prices declined on Friday, after rising for six consecutive sessions, as risk sentiment improved and stock markets rebounded from recent declines, which led to reduced demand for safe haven assets. A rising U.S. Dollar (USD) also weighed down on gold’s futures. In addition, some profit taking activity probably led …

European stocks closed higher on Friday, supported by positive economic data that took the attention away from inflation fears. Economic indicators showed an improvement in France’s business activity and the German services sector, with readings exceeding expectations in May. The STOXX Europe 600 index finished higher by 0.61%, with the …

The U.S. Dollar (USD) is rising on Friday, supported by positive economic data that showed an expansion in the output of the services and industrial sectors, registering fresh daily highs, after hitting its lowest level in roughly four months. However, the greenback is yet to recover all of its weekly …