Market Update

Barclays Bank raised its forecast for oil prices in 2021, driven by “temporary factors” such as improved demand for fuel in winter due to cold weather, especially in Asia, and a weak dollar. The bank maintained its optimistic forecast of oil prices in the second half of the year, but …

China received the largest foreign direct investment in 2020 as the Coronavirus spread around the world throughout the year, while the Chinese economy attracted $ 163 billion in inflows. The United Nations Conference on Trade and Development (UNCTAD) said in a report that Chinese flows of $163 billion last year …

A draft document by the German Economy Ministry and seen by Reuters stated that the German economy, the largest in Europe, is likely to reach pre-coronavirus levels in mid-2022. In its draft annual economic report, the ministry said that the state of the global economy, untapped production capabilities, and early …

British Prime Minister Boris Johnson said on Monday that they will look at the potential to relax some of the coronavirus-related restriction measures, as reported by Reuters. “Noone would want to lift restrictions when the infection rate is so high.”“We don’t want a surge in infections.”“We will be responsible and …

Gold prices rose in light of the continuing pressures on the dollar, as investors follow the massive stimulus package announced by US President Joe Biden’s administration. Spot gold rose 0.2% to $ 1855.40 an ounce during the session. And US gold futures fell 0.1% at about $ 1855. The US …

The Wall Street Journal reported Saturday that former President Donald Trump has considered replacing the acting attorney general with an official willing to pursue unfounded allegations of election fraud and pushing the Justice Department to demand the Supreme Court invalidate President Joe Biden’s victory. The newspaper added, citing people familiar …

The headline German IFO Business Climate Index drops sharply to 90.1 in January versus last month’s 92.2, missing the consensus estimates of 91.8 by a big margin. Meanwhile, the Current Economic Assessment arrived at 89.2 points in the reported month as compared to last month’s 91.3 and 90.6 expected.

The recovery of sentiment in global markets led to the dollar’s decline, while riskier currencies strengthened after optimism about US President Joe Biden’s plans to stimulate the effects of Covid-19 outweighed. The market sentiment appeared more cautious at the end of last week, as European economic data revealed that the …

Oil prices fell for the second consecutive session, as renewed lockdown measures to combat COVID-19 raised new concerns about global fuel demand. Brent crude futures lost eight cents, or 0.1%, to $ 55.38 a barrel, while US West Texas Intermediate crude futures contracted $ 52.26 a barrel, down by a …

European stocks rose as gains in technology stocks and positive earnings reports helped investors bypass the possibility of extending lockdown measures at a time when many countries are fighting the emergence of new strains of the emerging coronavirus. The pan-European STOXX 600 index rose 0.4%. The benchmark index ended last …