Market Update

Gold prices stabilized on Tuesday, April 13th, as participants in market operations continued to refrain from trading ahead of the release of inflation data in the United States, which is expected to shed more light on the recovery in the world’s largest economies. Gold was little changed in spot transactions …

European stocks hovered just below their all-time high on Tuesday, April 13th, as strong export data from China boosted optimism about a faster global economic recovery, while investor interest shifted towards important US inflation data to be released later today. The European Stoxx600 index was up 0.1%, after hitting an …

Reuters calculations based on Chinese customs data concluded that China’s trade surplus with the United States reached $ 21.37 billion in March, down from $ 23.01 billion in February. US President Joe Biden said last month that his country does not seek a confrontation with China regarding disputes over trade, …

Official data showed that Britain’s economy expanded 0.4% month over month in February. Economists had forecast a monthly growth of 0.6% in a Reuters poll.

Japanese stocks rose on Tuesday, April 13th, led by gains in shares of glass products companies and retail stores, after recording strong results, but fears of an increase in local Coronavirus infections hit travel-related stocks. The Nikkei index rose 0.72% to 29751.61, settling above a major support level from the …

The main indices of the New York Stock Exchange (NYSE) finished lower on Monday, starting the week with a negative performance as Wall Street investors turn to their focus to the upcoming earnings reports from listed companies. The Dow Jones Industrial Average closed lower by 55.20 points, or 0.16%, at …

Oil prices rose on Monday, amid optimism about the prospects of the recovery of economic growth and the global demand for energy. Brent crude futures for June delivery increased by 33 cents, or 0.52%, to finish at $63.28 per barrel. Meanwhile, the U.S. West Texas Intermediate (WTI) crude futures gained …

Gold prices declined on Monday, opening the week with a negative performance amid a rise by the U.S. Dollar (USD) and Treasury bond yields. Gold futures for June dropped by $12.10, or 0.7%, to finish at $1,732.70 per ounce. This is the lowest closing level for the yellow metal most …

The United States registered a record public deficit at $660 billion last month, data by the U.S. Department of the Treasury showed on Monday. In March, the deficit recorded a new record high on the monthly level after revenues reaching $268 billion and expenditure at $927 billion and both reaching …

President of the Federal Reserve Bank of Boston, Eric Rosengren, said on Monday that the United States economy could recover strongly this year due to the Fed’s policies and the increased government stimulus. “With labor-market slack still significant, and inflation still below the Federal Reserve’s 2% target, my perspective is …