Market Update

Gold prices fell, as the dollar rose ahead of a scheduled speech by US Federal Reserve Chairman Jerome Powell this week, while investors awaited signs of reducing economic stimulus. And gold fell in spot transactions 0.3% to $ 1784.82 an ounce) by 0705 GMT, while US futures fell 0.3% to …

European shares rebounded after data showed German consumer morale deteriorating with the rise in Covid-19 cases, while the atmosphere was also negatively affected by concern about the prospects for monetary policy. The pan-European Stoxx 600 index fell 0.6%, with retail and mining stocks among the biggest losers. Investors remain anxious …

Japan’s Nikkei index rose in choppy trading, supported by transport stocks and Wall Street moves overnight, but gains were limited as market participants refrained from making big bets ahead of the US Federal Reserve’s Jackson Hole seminar this week. The Nikkei index rose 0.06% to close at 27742.29 points, after …

U.S. natural gas inventories are expected to have increased by about 41 billion cubic feet, according to estimates Dow Jones. The working supply data are due on Thursday by Energy Information Administration reported (EIA). Last week, EIA reported an increase of about 46 billion cubic feet for the week ending …

Argentinian football player Lionel Messi, who recently completed a move to Paris Saint Germain, is partially paid in cryptocurrency, according to media reports. The French capital club has agreed a two-year deal with the former captain of FC Barcelona with an annual salary of $41 million, a sum that could …

The main indices of the New York Stock Exchange (NYSE) closed higher on Wednesday, as Wall Street continued with its rally as S&P 500 and Nasdaq closing at new record highs, while Dow Jones rose for the fourth consecutive session. Positive earnings reports for the second quarter of the year …

Oil prices closed higher on Wednesday, maintaining a rising trend for the third consecutive session, supported by the drop in American crude inventories last week, despite it being below market expectations. The United States Energy Information Administration (EIA) reported that crude inventories decreased by three million barrels in the week …

Gold prices declined on Wednesday for the first time in four sessions, despite fluctuations by the U.S. Dollar (USD) that was in the positive territory during the European session and for most of the American session. The yellow metal’s drop that snapped a three-session rising streak comes amid expectations for …

European stocks finished Wednesday marginally higher, with mixed factors impacting the markets, as data showed that the manufacturing sector in Germany remained impacted by supply chain disruptions and bottlenecks. Germany’s IFO Business Climate Index remained positive but declined to 99.4 in August, while the gauge of Current Economic Assessment increased …

Crude oil inventories in the United States declined by three million barrels last week, according to official figures released on Wednesday by the U.S. Energy Information Administration (EIA). The decline, which exceeded market expectations, brought oil supplies to 432.6 million barrels, nearly 6% below the five-year average. In the week …