Market Update

The Turkish central bank issued the interest rate decision today, and expectations are that the bank will raise the interest rate again, to 18%. The central bank raised the interest rate to 19%, which is higher than expectations, to increase confidence in the independence of the bank’s decisions.

The German economy will likely grow 3.7% in 2021 and reach pre-crisis levels before the end of the year, as progress in the vaccination campaign could contribute to an increase in exports and consumption, the IFW Economic Institute said on Thursday. IFW, one of Germany’s main institutes and part of …

Auto stocks lifted the German DAX index to a record high Thursday, March 18th, while leading eurozone stocks jumped to pre-pandemic levels after the US Federal Reserve pledged to keep interest rates low despite anticipating increased economic growth. The index of the 50 largest companies in the euro area gained …

The Turkish lira weakened slightly Thursday, March 18, ahead of a central bank decision on interest, when it is expected to raise the main interest rate by 100 basis points to 18%, in what is considered an important test of its commitment to reduce inflation. Expectations for a rate hike …

Japanese stocks jumped Thursday, March 18th, while the Topix index reached a 30-year high, supported by the US Federal Reserve’s expectation of rapid economic growth and its pledge to keep interest rates low. The broader Topix index advanced 1.23% to close at 2008.51 points, surpassing the 2000 level for the …

Gold fell surprisingly after reaching its highest level, with severe selling pressure and the survival of trading below 1730, which may increase selling pressure… to be updated…

Gold prices rose Thursday, March 18th, to the highest level in more than two weeks after the US Federal Reserve pledged to keep interest rates near zero until 2023, but the gains of the yellow metal, which is considered a safe haven, were limited by the bank’s expectations of a …

Oil prices fell for the fifth consecutive day on Thursday, March 18th, after official data revealed a sustained increase in crude and fuel stocks in the United States, while the ongoing pandemic clouded the outlook for demand. Brent crude fell 37 cents, or 0.5%, to $ 67.63 a barrel, after …

The New York Stock Exchange (NYSE) finished higher on Wednesday, after the Federal Reserve expected high economic growth in the U.S. this year, and despite expectations that inflation rate will exceed 2% this year. The Fed also maintained interest rates and vowed to keep the current pace of asset purchases …

Oil prices declined on Wednesday amid continuous concerns about the recovery of global demand, as well as the fourth consecutive weekly rise in U.S. crude inventories. Brent crude futures for May delivery closed lower by about 0.6% at $67.98 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for …