Market Update

Wall Street’s main indexes fell on Monday, while the S&P 500 retreated from record highs, as investors brace themselves to start the earnings season and the release of a major inflation report this week. The Dow Jones Industrial Average fell 25.54 points, or 0.08%, to 33,775.06 points. The Standard & …

On Monday, a pricing document showed that Iraq raised the official selling price of Basra Light crude in May shipments to Asia to a premium of $1.40 per barrel to DME Oman futures, an increase of $0.10 over the previous month. According to Reuters. The official selling price of Basra …

Bitcoin rose to 61,234 on Monday to reach a record high at 61,781 USD on March 13th as the largest American cryptocurrency exchange Coinbase Global Inc will begin trading on the Nasdaq Stock Exchange on April 14th. The digital currency rose nearly nine-fold in the past year, driven by institutional …

German Chancellor Angela Merkel said on Monday that the current coronavirus infection rate is “much too high” and added that the third wave may be the toughest yet.  “Vaccine production capacity must be increased significantly, both in Europe and in Germany,” Merkel noted.

Oil prices rose, but they remained moving within a narrow range Monday, April 12, amid optimism about the recovery of the US economy with an acceleration in the pace of immunization campaigns against the Corona virus, but the increase in Covid-19 infections in other regions of the world is holding …

Eurozone retail sales were stronger than expected in February, data revealed, as some countries eased restrictions on fighting the Covid-19 pandemic that month before re-tightening them in March. The European Union statistics office Eurostat said that retail sales in the 19 countries that use the euro rose 13% from the …

Data from the Indian Ministry of Health, Monday, April 12, showed that 168,912 new cases of coronavirus were recorded within 24 hours, which pushes the Asian country to overtake Brazil and occupy second place in the world in the number of coronavirus cases infections. According to Reuters data, the total …

The yield on the benchmark 10-year Treasury bond settled at 1.65% during early trading on Monday, remaining stable below its 14-month high of 1.78% recorded last month. Investors are awaiting a batch of new US economic data during the week, including inflation, export and import prices to take any hint …

Germany’s Bundesverband der Deutschen Industrie (BDI), a powerful industry association, slashes the economic growth forecasts for this year to 3% from 3.5% due to ongoing lockdown measures in Europe’s biggest economy. BDI stated that its expectation assumes that the measures imposed to curb the spread of the new Corona virus …

The dollar fell to near its lowest level in two and a half weeks against the major counterpart currencies on Monday, April 12th, as a decline in US Treasury yields pressed the currency. The British pound fell, heading towards its lowest level in two months, and continued its retreat from …