Market Update

Construction spending in the United States grew to record high in November, data showed on Monday, according to the U.S. Department of Commerce. The American housing market is showing strength signs, booming in the midst of historically low mortgage rates. The housing industry is seen as a strong support to …

Bitcoin, the world’s largest cryptocurrency, is declining on Monday despite an improved risk sentiment among investors. Bitcoin is down by around 7.4% for the day at $30,927.70, according to CoinMarketCap. Over the next seven days, Bitcoin achieved gains of about 15.8%, exceeding the $30,000 and the $31,000 for the very …

European stocks rose on Monday, opening the year with a positive performance amid an improved risk sentiment among investors, supported by the roll out of new Coronavirus vaccines, despite the concerning number of new cases. The pan-European STOXX 600 index closed higher by 0.72% on the back of gains by …

Trading in Euro-denominated shares has moved on Monday from London to new platforms in the European Union (EU), after the completion of the Brexit and the United Kingdom (UK) leaving the European single market, Reuters reported. Banks and asset managers operating in member countries of the EU must use a …

Banks in the United Kingdom (UK) have approved more than 100,000 new mortgages in November, data by the Bank of England (BoE) showed on Monday. With 104,969 mortgages in November, rising by 98,338 compared to its level in October, this is the highest level recorded of new mortgage loans since …

The US Dollar (USD) is declining on Monday, opening the New Year with a negative performance amid increased risk sentiment among many investors. Hopes for new vaccines are seemingly exceeding worries from the rising number of cases in many countries, which is driving more investors towards riskier currencies. The Dollar …

Euro-denominated stocks moved from London to new platforms in the European Union on Monday, the first trading day after Britain withdrew from the bloc’s single market. Trading in euro-denominated shares in Amsterdam and the new Aquis exchange platform in Paris grew steadily when trading began without any problems.

China announced that manufacturing activity expanded in December as the world’s second-largest economy continued to show signs of recovering from the coronavirus pandemic. On the other hand, higher costs slowed the pace of expansion in factory activities. The official PMI manufacturing index fell to 53 from 54.9 in September. The …

Three OPEC+ sources told Reuters on Monday that most of the group’s experts expressed their opposition to increasing oil production by half a million barrels per day from February at the Joint Technical Committee meeting on Sunday.

Bitcoin fell 12% today, Monday, to $ 27,750, to continue the decline after achieving unprecedented gains at the start of the new year. The most popular cryptocurrency in the world increased to more than $ 30,000 for the first time on Saturday, and touched a record high of $34,800 the …