Market Update

Gold prices finished Wednesday higher, supported by the decline of the US Dollar (USD) across the board. The yellow metal futures for February delivery closed higher by 0.6% at $1,893.40 per ounce. The DXY is down by 0.37% at 89.66.

The British parliament has approved on Wednesday the post-Brexit trade deal with the European Union (EU). This comes a couple of days before the end of the transition period after the government of Prime Minister Boris Johnson reached an agreement with the EU regarding future relations between the two parties …

European stocks closed Wednesday on a lower note after the approval of the post-Brexit trade deal between the United Kingdom (UK) and the European Union (EU). The pan-European STOXX 600 index finished lower by 0.34%. The UK’s FTSE100 declined by 0.71%, while the French index CAC40 finished lower by 0.22%. …

The Coronavirus pandemic has severely impacted the global oil industry, with crude prices hitting lows not seen in decades amid a decline in demand for energy in 2020. After starting the year with oil prices at $70 per barrel, supported by the recovery that was helped by the OPEC+ alliance …

Trade deficit in the United States rose by $4.4 billion to $84.8 billion in November, data showed on Wednesday. According to the US Census Bureau and the US Bureau of Economic Analysis exports of goods for November were $127.2 billion, $1.1 billion more than October exports, while imports of goods …

Crude oil inventories in the United States declined by 6.1 million barrels last week, according to the weekly report by the U.S. Energy Information Administration (EIA).

The US Dollar (USD) is declining across the board on Wednesday, maintaining its downward trend. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies is down by 0.33% at 89.69. The index has been moving today in a range between 89.56 and …

The main indices of the New York Stock Exchange (NYSE) opened Wednesday higher, supported by an improved investors’ sentiment in Wall Street. The Dow Jones Industrial Average is up by 116.5 points, or 0.38%, at 30,450.95 points. The S&P 500 gained 10.6 points, or 0.29%, at it is currently trading …

The European Union (EU) and China have reportedly reached an agreement to open the Chinese market to European investors, Bloomberg reported. The deal has been negotiated for a very long time, since 2013, and it could come effective as of 2022. The EU is focused on expanding economic opportunities in …

The United States’ goods and services deficit rose by $4.4 billion to $84.8 billion in November, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis showed on Wednesday.