Market Update

Britain has laid out detailed plans to ban Huawei from its 5G networks, and has set a deadline in September 2021 for telecom operators to stop installing the Chinese company’s equipment. The UK government decided to ban Huawei’s 5G equipment over the summer, and reverse course after mounting pressure from …

Crude oil prices fell on Monday, November 30, as investors awaited the decision of the OPEC+ producers’ group on whether to extend large production cuts to balance global markets, but the hopes of the vaccine helped keep the two benchmarks on a path of more than a fifth since the …

Data showed that Turkey’s economy grew more than expected at 6.7% in the third quarter, to recover after shrinking about 10% in the previous quarter due to the general isolation measures that were imposed to reduce infections during the first wave of the outbreak of the Coronavirus. This sudden growth, …

Data from the Turkish Statistical Institute showed that the country’s foreign trade deficit rose 34.4% year-on-year in October to $ 2.37 billion under the general trade system. The institute stated that Turkey’s exports increased by 5.6% and imports rose 8.4% compared to October 2019. In the first ten months of …

The benchmark index of European stocks opened lower on Monday, November 30, amid a focus on negotiations over the Brexit deal, but it is still on track to record its best monthly performance ever thanks to the prospect of easing coronavirus restrictions and the hopes of a Covid-19 vaccine. After …

Crude oil futures were trading lower on Monday morning, with markets closely watching the results of the two-day meeting of OPEC and its allies, known as OPEC +, in which the next steps for production policy are discussed. The meeting may start at 13:00 GMT Monday. Russia has not yet …

Despite the promising news about the Corona vaccine, markets are still turbulent with the increase in Corona cases around the world and the imposition of new measures to limit the spread of the virus, which affects the entire market in turn. Oil rose more than 30% from its lowest level …

The unemployment rate in Brazil increased to its highest level ever, official data showed on Friday. The unemployment rate in the three months to September increased to 14.6% from 14.4% in the three months to August. Meanwhile, the number of unemployed rose to another record of 14.1 million from 13.8 …

Oil prices ended Friday on a mixed note, awaiting the upcoming OPEC summit. Brent crude futures for January delivery rose by 38 cents, or 0.8%, to close at $48.18 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for January delivery closed lower by 18 cents, or 0.8%, at …

Gold prices plunged on Friday, ending the week with the biggest losses in about two months. Gold futures for February delivery declined by $23.10, or 1.3%, to settle at $1,788.10 per ounce. Meanwhile, gold futures for December delivery finished lower by $23.60, or 1.3%, to close at $1,781.90 per ounce. …