Market Update

The pound rose against the dollar and the euro thanks to hopes that Britain and the European Union would reach a free trade agreement after the decision to extend negotiations after the previous deadline expired on Sunday. The dollar traded near its lowest level in two and a half years …

Official data showed Turkey’s industrial production rose 10.2% year-on-year in October, continuing to rise for the fifth consecutive month in recovery from a slowdown caused by anti-Coronavirus pandemic closures until June. Compared to the previous month, industrial production increased 1.1% in October, according to the Turkish Statistical Institute. Turkey recorded …

Gold prices fell on Monday, December 14th, as riskier assets rose due to the start of the use of the Covid-19 vaccine, which cast a shadow over hopes for more financial and monetary stimulus in the United States. The spot price of gold was down 0.3% to $ 1833.21 an …

Positive news regarding the launch the Vaccination campaign dominated the markets, but the Brexit crisis and the US financial stimulus still cast a shadow on the markets. In the UK, monthly GDP continued to slow down, falling to 0.4% in October, its lowest level in 6 months. British economic output …

Oil prices closed Friday lower, but was able to record gains during the second week of December. Brent crude futures for February delivery declined by 28 cents, or 0.6%, to settle at $49.97 per barrel, giving up the $50 mark it reached for the first time since March, but adding …

Gold prices increased on Friday, extending its weekly rise amid anticipation for a new stimulus package in the United States. Gold futures for February delivery increased by $6.20, or 0.3%, to close at $1,843.60 per ounce. For the week, gold futures registered gains of 0.2%.

The US Dollar (USD) is rising on Friday, supported by positive economic data and an improvement in inflation. The Dollar index (DXY), which measures the USD performance against a basket of six major international currencies, is up by 0.18% at 90.99. The index has been moving today in a range …

European stocks closed Friday lower, amid uncertainty surrounding Brexit talks and a new government stimulus package in the US. The STOXX Europe 600 index finished lower by 0.5%. The UK’s FTSE100 declined by 0.66%, while the German DAX plummeted by 1.24%. Meanwhile, the French index CAC40 closed lower by 0.61%.

The University of Michigan’s preliminary US consumer sentiment index increased by 4.5 points to 81.4 during December, from 76.9 in November, data showed on Friday. This is the second-highest level for the index since March, according to Bloomberg. The current conditions index rose to 91.8, its highest reading since March. …

Industrial capacity utilization rate in Canada rose during the third quarter (Q3) of 2020, but remained at a record low level, data showed on Friday. The capacity utilization rate reached 76.5% in Q3, rising by 5.8% on a quarterly basis, compared with its level in Q2 at 70.7%, according to …