Market Update

Turkey has extended the ban on layoffs for two months, starting March 17, according to a presidential decree. The ban was imposed last year to limit the impact of the Coronavirus pandemic on employment and the economy at large. The Turkish President has the power to extend it for a …

German exports rose unexpectedly in January, buoyed by strong trade with China at a positive start of the year for manufacturers in Europe’s largest economy. Seasonally adjusted exports rose 1.4% compared to the previous month after a 0.4% increase in December, the Federal Statistics Office said Tuesday. The previous reading …

Gold prices rose on March 9th, as the metal was boosted by a drop in US Treasury yields, after the previous session recorded its lowest level in nine months. The spot price of gold was up 0.7% to $1692.21 an ounce. Prices were down more than 1% on Monday to …

The Turkish lira rose 0.8% against the dollar after recording its weakest rate since mid-December during the previous session, in a decline that raised expectations that the central bank will raise interest rates from its current level of 17% next week. The lira was at 7.68 per dollar, from 7.7440 …

Oil prices retreated on Monday after jumping earlier in the session above $70 a barrel for the first time since the start of the Coronavirus crisis, following attacks on Saudi oil facilities. Brent crude futures, the world record, ended the trading session down $1.12, or the equivalent of 1.61%, to …

The main indices of the New York Stock Exchange (NYSE) showed a mixed performance on Monday, amid an improved investors’ sentiment and the rise in Treasury bond yields following the passing of the $1.9 trillion relief bill by the U.S. Senate. The Dow Jones Industrial Average closed lower by 0.97% at …

Treasury bond yields in the United States continued to rise on Monday, as selling pressures on long-term debt instruments continued due to expectations of a rise in inflation and strong economic recovery. The benchmark 10-year Treasury bond yield rose to their highest level in nearly 13 months, adding 4.3 basis …

Oil prices declined on Monday for the first time in five sessions after briefly rising due to fears about geopolitical tensions. Brent crude futures for May delivery lost $1.12 or 1.6%, to close at $68.24 per barrel. The global benchmark futures exceeded $71.3 per barrel yesterday, trading higher than $70 …

Gold prices declined on Monday to their lowest level in about a year, as the U.S Dollar (USD) and Treasury bond yields continued to rise strongly, supported by expectations of economic recovery, especially after the Senate passed the $1.9 trillion stimulus package. The yellow metal futures for April delivery dropped …

The United States House of Representatives on Monday questioned the CEO of Facebook, Mark Zuckerberg, about the social network’s policies regarding ads directed towards gun accessories and protective equipment, Reuters reported. The claim is that ads about weapons were placed next to content that amplified election misinformation and news about …