Market Update

Turkey’s central bank data showed on Friday that the country’s current account balance recorded a deficit of $36.72 billion last year, less than a Reuters poll forecast of a $39 billion deficit and compared to a $6.76 billion surplus the previous year. The data reveals that the deficit in December …

Gold retreated as the dollar and Treasury yields rose, but prices are on the path to achieving the best weekly performance in three weeks, as hopes for more US stimulus support the yellow metal. And gold fell in immediate transactions 0.2% to 1822.69 dollars an ounce. Prices have risen 0.6% …

Oil prices fell for a second session today, Friday, to fall further from its highest level in a year after OPEC cut its demand forecast again, and the International Energy Agency said the market was still experiencing a surplus in supplies. Brent crude fell 39 cents, or 0.6%, to $ …

The Nikkei index of Japanese stocks ended a four-session rise on Friday, falling from its highest level in more than 30 years, which it reached in the previous session, as investors sold shares to take profits, but gains in Toyota Motor shares and chip-related companies restrained losses. The Nikkei index …

The main indices of the New York Stock Exchange (NYSE) closed mostly higher on Thursday, supported by an improved investors’ sentiment and strong gains by the technology sector, with S&P 500 and Nasdaq closing at new record highs. The Dow Jones Industrial Average declined marginally by 0.02% and closed nearly …

Oil prices declined on Thursday, ending its best rising-streak in about two years, amid concerns about the recovery of the global demand this year. Earlier today, the Organization of the Petroleum Exporting Countries (OPEC) revised down its expectations for the global demand for crude oil to rise by 5.8 million …

The Australian Dollar (AUD) is showing a positive performance on Thursday against the U.S. Dollar (USD), supported by the decline of the greenback. Earlier today, the AUD/USD pair rose to its best level in about three weeks. The pair is currently trading higher for the day by 0.43% at 0.7755. …

Former President of the European Central Bank (ECB) Mario Draghi, who was recently named as Prime Minister to form a new technocratic government in Italy has gained the support of a major party, moving a step closer to forming his cabinet. On Thursday, the majority of the members of the …

Bitcoin surged on Thursday to a new all-time high, supported by increased demand from institutional investors. The world’s largest cryptocurrency rose earlier today above the $48,000 level for the very first time, setting a new record near $48,300. Now, the digital currency is trading at $47,933, up by about 6.4% …

European stocks closed Thursday in gains, recovering from yesterday’s losses, as investors are digesting the financial results for a number of listed companies amid the earning reports season. The STOXX Europe 600 index finished higher by 0.5%, with most sectors, led by tech, closing in the positive territory. The German …