Market Update

New orders for goods manufactured in the United States decline during February, data showed on Monday. Factory orders fell by 0.8% in February, following a 2.7% rise in January, according to the U.S. Department of Commerce. The cold weather, resulting from a recent winter storm that hit southern parts of …

Business activity in the United States services sector showed a positive performance in March, according to recent Purchasing Managers’ Index (PMI) data by. The seasonally adjusted final IHS Markit U.S. Services PMI Business Activity Index registered 60.4 in March, up from 59.8 in February, recording an improved reading compared with …

The activity of the services sector in the United States surged to a record high in March, supported by the growth of new orders, as the economy continues to recover from the impact of the Coronavirus pandemic. The ISM Non-Manufacturing Index rose to a reading of 63.7 last month, its …

The Italian Ministry of Health said that it recorded 326 deaths from the Coronavirus today, Sunday, compared to 376 yesterday, while the daily number of new infections decreased to 18 thousand and 25 from 21 thousand and 261. Italy has recorded 111 thousand and 30 deaths from the virus since …

Oil prices fell below $64 a barrel today, Monday, as the impact of rising supplies from OPEC+ and increasing Iranian production was overshadowed by signs of a strong economic recovery in the United States and broader expectations for a recovery in demand in 2021. The Organization of the Petroleum Exporting …

Turkey’s annual inflation rose to more than 16% in March for the first time since mid-2019, according to Monday’s data, which means pressure builds on new central bank governor Şahap Kavcıoğlu to maintain a hawkish policy after his surprise appointment. Consumer prices rose 16.19% year-on-year, higher than 16.11% in a …

The dollar index was little changed at 93.1 on Monday, swinging at levels not seen since November 2020 amid prospects for a strong economic recovery in the United States. Last week, the greenback added 0.3%, which is 3 consecutive weekly gains, driven by the selling of bonds, with buying activity …

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. …