Market Update

British Prime Minister Boris Johnson said everyone in England will be able to get tested for COVID-19 twice a week as part of a new effort to combat the pandemic as societal restrictions ease and vaccination continues at its rapid pace. Johnson, who is expected to confirm later today, plans …

Dubai Mercantile Exchange, which lists the Oman crude futures contract, has launched a new platform that allows the trading of several the Middle East crude grades in a bid to attract more participants — nearly a month after the UAE began trading flagship Murban crude futures on a new exchange. …

Japanese stocks closed higher on Monday, April 5, as strong employment data in the United States reinforced optimism about the recovery of the world’s largest economy, prompting investors to buy index-heavy stocks such as Softbank Group and Fast Retailing, in addition to shares of companies linked to the chip industry. …

The irregular pace at which countries are carrying out their vaccination campaigns against COVID-19 poses the biggest threat to a global economic recovery, the European Central Bank Governing Council member and Italian central bank chief Ignazio Visco warned in an interview with the Financial Times. “We need to maintain close …

Gold prices fell on Monday, April 5, as US Treasury yields rose and global stocks rose after better-than-expected jobs data in the United States fueled optimism about a rapid economic recovery. Gold was down in spot trading 0.3% to $1723.16 an ounce. US gold futures settled at $1761.20 an ounce. …

Oil prices fell on Monday, April 5, erasing strong gains made in the previous session, which were supported by OPEC+ decision to gradually ease some of its restrictions on production between May and July. Brent crude for June delivery fell 61 cents, equivalent to 0.9%, to $64.25 a barrel while …

Ether, the cryptocurrency of the Ethereum blockchain platform, rose strongly on Friday reaching new record highs, supported by an increased demand for digital currencies. The second-largest digital currency in the world following Bitcoin, is trading at $2,136.14, extending its gains to about 8.27% over the past 24 hours, with weekly …

Strong jobs data and the subsequent decline in unemployment in the United States led to a rise in the U.S. Dollar (USD) and Treasury yields on Friday. The benchmark 10-year U.S. Treasury bond yield rose by about 3.5 basis points to 1.714%, but remained below its highest level in 14 …

The recent surges in the price of Bitcoin has spurred increased demand for the Chinese digital Yuan, according to the Chinese central bank, CNBC reported. Many central banks around the world are contemplating the idea of issuing a digital version of their currencies amid an increased demand for digital and …

The U.S. Dollar (USD) is showing a fluctuating performance on Friday, which is an official holiday for markets in the United States as it coincides with Good Friday. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.09% at …