Market Update

European stocks reached their lowest level in nearly a month after the worst-selling wave in Wall Street since October due to concerns about rising valuations, while investors grew concerned about an increase in infections with a new, more contagious strain of the Coronavirus. The European STOXX 600 index fell 1%, …

Gold prices fell on Thursday as investors turned to the dollar in search of safety after the decline in global stock markets, while the Federal Reserve (US Central Bank) raised concerns about the pace of the economic recovery in the United States. Gold fell in immediate transactions 0.5% to $ …

Oil prices fell in morning trading in Asia despite a significant drop in US crude stocks, at a time when prices were under pressure due to the strengthening of the US dollar and new concerns about fuel demand due to travel restrictions and delays in the distribution of anti-Corona virus …

On the other hand, Apple stock fell 2% in extended trading after the close. Apple’s results for the December quarter were not only driven by iPhone 5G sales, but sales for each product category increased by more than twice. In detail, earnings per share and sales of Apple easily exceeded …

Japanese stocks suffered their biggest drop in six months today, Thursday, to track down on Wall Street, as they were pressured by technology companies that took advantage of the recent rise in shares. The benchmark Nikkei index fell 1.53% to 28,197.42 points, its biggest daily drop since July 31, while …

Gold prices continued their downward trend on Wednesday, falling for the fifth consecutive session, amid the rise of the U.S. Dollar (USD) ahead of the release of the United States Federal Reserve policy statement. The yellow metal futures for February delivery plunged by $6, or 0.3%, to close at the …

The United States Federal Reserve’s Federal Open Market Committee (FOMC) has decided on Wednesday to maintain interest rates unchanged at a record low between 0% and 0.25%. The decision comes following a two-day meeting that concluded today. The Fed has reiterated its commitment to using its full range of tools …

Nokia disclosed in an official statement on Wednesday that it is not aware of the exact reason behind the recent surge in its share price, Reuters reported. The Finland-based technology giant saw its share price rise by an astonishing 41% on Wednesday. “Nokia is not aware of any material, undisclosed …

The U.S. Dollar (USD) is maintaining its gains against the Canadian Dollar (CAD) on Wednesday, despite the latter being supported by a rise in oil prices on the back of a large drop in crude stockpiles in the United States. The USD/CAD pair is up for the day by 0.55% …

Crude oil inventories in the United States declined more than expected last week, the weekly report by the U.S. Energy Information Adminstration (EIA) showed on Wednesday. Oil stockpiles in the U.S. fell by 9.91 million barrels, against market expectations of a 400,000-barrel increase. Gasoline inventories increased by 2.47 million barrels …