Market Update

Construction spending in the United States declined in June to its lowest level in a year, as shown by the data of the U.S. Department of Commerce. Construction spending decreased by 0.7% to $1.355 trillion, May’s reading was revised from a 2.1% decline to 1.7%.

Silver prices fell on the European market on Monday under pressure from the recovery of American currency levels against a basket of global currencies, at the beginning of August trading, after achieving the largest monthly gain in percentage in the history of trading the white metal in july. Silver prices …

The source familiar with the data on Monday said that Russia’s production of oil and gas condensates increased to 9.8 million barrels per day in the first and second of August, compared to 9.37 million barrels per day in July amid reducing production cuts agreed within the framework of OPEC …

Gold prices rose to an all-time high on Monday with the demand for the metal as a safe haven boosted by concerns over the economic implications of growing Covid-19 cases, but a rise in the dollar limited the gains. The spot of gold was stable at $ 1973.75 an ounce, …

British industrial production grew at its fastest rate in nearly three years in July, as factories reopened and demand improved after easing closings. The IHS Market / CBS Manufacturing Purchasing Managers Index rose to 53.3 in July from June’s reading of 50.1, in line with a previous preliminary estimate of …

A survey on Monday showed Eurozone factory activity growth for the first time since early 2019 last month on the recovery in demand after a further easing of the restrictions of Covid-19 Over 18 million people have been infected by the Covid-19. But governments across Europe eased some of the …

A survey on Monday showed that German manufacturers witnessed an expansion in July for the first time since December 2018, which indicates a continued recovery in the sector. The IHS Market index of manufacturing purchasing managers, which contributes about a fifth of the economy, rose to 51.0 in July, exceeding …

A private sector survey showed on Monday that manufacturing activity in China expanded at the fastest pace in nearly a decade in conjunction with improved domestic demand, indicating that the second largest economy in the world will help reduce the pandemic blow to the global economy. ome analysts who say …

European stock markets opened higher with caution on Monday, supported by signs of economic growth in China, but doubts remain about the global recovery with the rise of Covid 19 cases. Futures for the German DAX index increased by 0.4%, FTSE 100 futures rose 0.1%, while the French CAC 40 …

Tracked by the US Dollar Index, the USD is looking to add gains around the 93.50 area. The index focuses on the expected data, and the index advanced for the second consecutive session on Monday, regaining the middle of 93.00 on caution in global markets. Investors continue to evaluate the …