Market Update

The White House said that US President Donald Trump agreed on Monday to declare a state of emergency for Washington, DC, between now and January 24, hours after authorities warned of security threats during the week of President-elect Joe Biden’s inauguration next week.

Gold rose today, Tuesday, to recover from its lowest level in six weeks that touched it in the previous session, as stocks fell due to political turmoil in Washington and the slow pace of vaccination with anti-Covid-19 vaccines around the world. Gold rose in immediate transactions 0.8% to 1860.10 dollars …

Bitcoin and other cryptocurrencies saw strong correction on Monday with profit making leading to market losses of about $200 billion in market cap. The world’s largest digital asset has been on a rising streak of late, breaking multiple consecutive records, on the back of increased demand, especially from institutional investors. …

The main indices of the New York Stock Exchange (NYSE) ended Monday lower, starting the week with a negative performance after two consecutive record-breaking sessions in Wall Street last week. This comes amid increased concerns about the rising number of Coronavirus cases, however, the market remains supported by the anticipation …

Oil prices showed a mixed performance on Monday, starting the week on a negative tone amid a surge in new Coronavirus cases and a rebound by the U.S. Dollar (USD). Brent crude futures for March delivery declined by 33 cents, or 0.6%, to settle at $55.66 per barrel. Meanwhile, the …

Gold prices rose on Monday, supported by an increased demand following the recent decline and despite the U.S. Dollar (USD) showing some rebound signs. The yellow metal futures for February delivery gained $15.40, or 0.8%, to finish at the level of $1,835.40 per ounce, opening the week with a positive …

European stocks closed Monday lower, starting the week with a negative performance, affected by the rising numbers of new Coronavirus vases across the continent. The STOXX Europe 600 index finished lower by 0.7%, with the auto sector stocks leading the decline and falling by 1.7%, while the healthcare sector increased …

The volume of mortgages in the United States could exceed $3 trillion in 2021, according to a recent report by the Financial Times. Strong competition and the historically low rates are helping provide attractive options for mortgage seekers. This level has only been surpassed twice, in 2003 and in 2020. …

Investors seem to be expecting the United States Federal Reserve to maintain the historically low interest rates for two and a half more years, Reuters reported. It is now expected that an interest rate hike could take place by the second half (H2) of 2023, supported by increased government stimulus …

The dollar rose Monday, January 11th, with the rise in US Treasury yields and expectations of more fiscal stimulus, which pushed the US currency to rise against its competitors, while the euro fell to its lowest level in three weeks. US President-elect Joe Biden, who takes office on January 20 …