Market Update

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 …

Twitter-listed shares in Germany tumbled 8% in the first session of the week after the company permanently suspended the account of US President Donald Trump on Friday evening. The company said that the suspension of Trump’s account, which has more than 88 million followers, came due to the risk of …

Wall Street firms operating in Hong Kong have indicated that they will reduce their exposure to Chinese companies included in a US ban on investing in companies that Washington considers linked to the Chinese military before the rules come into effect later Monday. Goldman Sachs, JP Morgan and Morgan Stanley …

Eurozone’s investor morale jumped more-than-expected in January, the latest data published by the Sentix research group showed on Monday. The gauge came in at 1.3 in January from -2.7 in December vs. a reading of 0.7 expected. 

Brent crude prices fell, a dollar per barrel, on Monday, January 11, as they were affected by renewed concerns about global demand for fuel in light of strict lockdown measures aimed at combating the spread of the Coronavirus in Europe and new restrictions on movement in China, the second-largest consumer …

European stocks retreated from a more than ten-month peak Monday (January 11th) as investors reaped profits after a strong week while increasing coronavirus cases on the continent and mainland China pushed energy and mining shares lower. The European Stoxx600 index was down 0.1%. The German index lost 0.4% and the …

Official data showed that the unemployment rate in Turkey stabilized at 12.7% in October, unchanged from a month ago, while the labour force participation rate fell to 50%. The unemployment rate was 13.4% a year ago. During 2020, the rate remained low due to the ban on layoffs during the …

The Turkish lira fell more than 2% against the dollar, with continued gains in the US currency amid hopes of further stimulus for the US economy. The lira was at 7.47 against the dollar, compared to Friday’s closing level of 7.3550. Earlier, the pound had fallen about 2.2% to 7.52 …

Gold fell on Monday, January 11th, to touch its lowest level in six weeks earlier in the session, as prices remain under pressure due to the rise in the dollar and US Treasury yields. Gold fell in immediate transactions 1.7% to $1816.53 an ounce, its lowest level since the second …

The year 2020 is over, and many hopes that the pandemic will end as well, but the economic impact of the Corona pandemic continues with the lockdowns in most major economies, the path back to pre-pandemic levels is an unpaved road. The greenback is showing some stability with hopes for …