European stocks rose today after heavy losses incurred last week in light of the decline in sales in the bond markets, as well as boosted sentiment optimism about vaccination campaigns to prevent Covid-19 and a US stimulus package. The pan-regional STOXX 600 index rose 1.6%, following strong gains for Asian …
Read More »The Japanese TOPIX Posted Largest Gain in 7 Months on Nasdaq Recovery
The Japanese TOPIX index recorded the largest jump in seven months with the halt in US Treasury bond sales, which supported the Nasdaq index, which is full of technology stocks and led to the rise of shares of local chipmakers. The index jumped 2.04% to 1894.94 points, the biggest gain …
Read More »Gold Rises 1% on Dollar Weakness Amid US Stimulus
Gold rose more than 1% on Monday, recovering from its lowest level in more than eight months touched in the previous session, as the dollar weakened while the United States approved a huge stimulus package worth 1.9 trillion dollars. Gold rose in the spot market 1% to $1750.24 an ounce, …
Read More »Oil Prices Close Lower but Score Monthly Gains
Oil prices declined on Friday, amid a rise by the U.S. Dollar (USD) and expectations for deciding on an increase in output during the upcoming OPEC+ summit. Brent crude futures for April delivery declined by 75 cents, or 1.1%, to close at $66.13 per barrel, while May futures plunged by …
Read More »Gold Registers Worst Monthly Losses since 2016
Gold prices declined on Friday, falling for the fourth consecutive session, extending their weekly and monthly losses amid a rise in treasury yields. The yellow metal futures for April delivery closed lower by $46.60, or 2.6%, at $1,728.80 per ounce, finishing at their lowest level since June 2020. For the …
Read More »U.S. Oil Rigs Rise by Four in Week
The number of active rigs drilling for oil in the United States increased by four to 309 this week, according to data by Baker Hughes released on Friday. Natural gas rigs rose by one rig, with the total rig count increasing by five to 402. Last week, oil rigs recorded …
Read More »European Stocks End Week Lower Decreasing Monthly Rise
European stocks closed lower on Friday, extending their weekly losses, amid a rise in treasury yields. The STOXX Europe 600 index declined by 1.72% to finish the week at 404.64 points, declining by 2.5% on a weekly basis. On the monthly level, the pan-European index gained 2.2%. The French CAC40 …
Read More »Unemployment in Brazil Continues to Decline
The unemployment rate in Brazil declined by the end of 2020, reaching 13.9%, official data showed on Friday. More workers in Brazil are returning to the job market, as the economy recovers from the impact of the Coronavirus impact. Nevertheless, the average unemployment rate of last year reached the highest …
Read More »USD Continues to Rise on Positive Data
The U.S. Dollar (USD) continued to rise on Friday, supported by positive economic data that signaled an improvement in consumer spending. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up for the day by 0.48% at 90.57. The index has …
Read More »Chicago PMI Declines in February
The Chicago Purchasing Managers’ Index (PMI) declined to 59.5 in February from 63.8 in January, data by ISM-Chicago showed on Friday. Despite the decline, it is worth noting that for the index a reading above 50 indicates the expansion of the manufacturing sector, while a reading below this level indicates …
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