Market Update

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 …

The Unemployment rate in the United States declined to 6% in March, from 6.2% in February, after the economy added 916,000 jobs last month, according to data by the U.S. Bureau of Labor Statistics. Taking into account those who are classified as employed but are absent from work, the unemployment …

The average per capita hourly income of all employees in the private non-farm sector in the United States decreased by 4 cents, or 0.1%, over the month to $29.96 in March of 2021, after an upwardly revised 0.3% increase in February, and against expectations. The market gained 0.1%. This is …

Nonfarm Payrolls (NFP) in the US rose by 916,000 in March, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed February’s increase of 468,000 (revised from 379,000) and came in much better than the market expectation of 647,000.

Turkey’s Auto Distributors Association said sales of passenger cars and light commercial vehicles in the country rose 92.8% year on year in March to 96,428 units. The association added that from January to March, sales increased 59.7% year on year. Errol Shaheen, director at EBS auto marketing consultancy, said the …