Market Update

European stocks closed Thursday on a mixed note, following the European Central Bank’s (ECB) latest policy meeting in which it decided to maintain interest rates unchanged. The pan-European STOXX 600 index finished higher by 0.15%. Meanwhile, the French benchmark index CAC40 and the German DAX closed lower by 0.67% and …

The British Pound (GBP) is showing a positive performance on Thursday supported by recent remarks by the Bank of England (BoE) Governor Andrew Bailey that suggested the United Kingdom’s (UK) economy will strongly recover from the Coronavirus pandemic thanks to vaccination. “I really do think that we are going to …

Oil prices declined on Thursday following the release of inventory data in the United States, despite continuous hopes for increased government stimulus spending in the U.S. Crude oil inventories in the United States increased by 2.6 million barrels last week, against market expectations for another decline, according to the weekly …

Consumer confidence in the Eurozone declined more than expected in January, as shown by a preliminary reading from the European Commission. On Thursday, survey results showed that the flash consumer confidence index decreased to -15.5 this month from -13.9 in December. Consumer confidence in the European Union (EU) fell to …

The European Central Bank (ECB) decided to leave key rates and the size of its Pandemic Emergency Purchase Programme (PEPP) at the end of its monetary policy meeting held this Thursday. Highlights Quotes“Pandemic poses serious risks; vaccination important milestone.”“New surge in infections, restrictions are disrupting.”“Services severely curbed.”“Economy likely contracted in Q4; …

the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on its main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively. The European Central Bank boosted its massive stimulus program in …

Government data revealed that Japanese exports rose for the first time in two years in December, driven by shipments to China, providing a glimmer of hope for policymakers who are counting on an export-led recovery amid an increase in coronavirus cases. A recovery in exports may ease the risk of …

Bitcoin fell 10% Thursday, January 21, to a 10-day low at 31,977 dollars, as the most popular digital currencies in the world continued to decline from a peak of 42 thousand dollars reached on January 8. The decline came amid growing fears that Bitcoin was one of a group of …

Financial markets await today’s ECB decision on interest rates alongside other monetary policy issues. Markets expect the ECB to remain unchanged. The European Central Bank will leave interest rates and the asset purchase program unchanged but is expected to speak of a strong recovery after the Corona pandemic while expressing …