Market Update

The rise in US bond yields imposed new pressure on European stocks today, after comments made by Jerome Powell, Chairman of the US Federal Reserve, failed to assuage investor concerns about rising borrowing costs.Recently. The pan-European STOXX 600 index fell 0.9% in early trade, while travel, mining and financial services …

Gold fell today to its lowest level in nearly 9 months and is heading towards a decline for the third week in a row, as the dollar and bond yields rose after statements by Federal Reserve Chairman Jerome Powell, who said that the increase in returns does not disturb the …

Oil prices rose today by more than 1%, to continue the gains made in the previous session after OPEC and its allies agreed not to increase supplies in April as they await a greater recovery in demand in light of the Coronavirus pandemic. Brent crude futures for May delivery increased …

The Japanese Nikkei index fell 0.23% to 28,864.32 points and recorded a loss for the second week in a row. The TOPIX index closed down 0.61% to 1,896.18 points. The drop comes after a weaker performance last night at the close on Wall Street that resulted in the Nasdaq index …

Oil prices rose on Thursday, supported by the extension of crude output cuts by OPEC+ until the end of April. Brent crude futures for May delivery rose by $2.67, or 4.2%, to close at $66.74 per barrel, recording its highest finishing level since February 25. Meanwhile, the West Texas Intermediate …

The Organization of the Petroleum Exporting Countries (OPEC) and its partners, forming an alliance known as OPEC+, agreed on Thursday to extend most crude oil production cuts until the end of next month. While Russia and Kazakhstan were allowed limited eases in output curbs, of 130,000 barrels per day (b/d) …

Gold prices declined on Thursday, as the U.S. Dollar (USD) continued to rise due to rising Treasury yields. U.S. Treasury bond yields continued to rise today, as Federal Reserve Chairman Jerome Powell suggested that the Fed is closely monitoring changes in the bond market but said that current increases are …

Goldman Sachs has raised its Treasury bond yield target, expecting the benchmark 10-year bond rate to reach 1.90% by the end of 2021, according to a research note on Thursday. The forecast comes amid a selloff in the bond market, MarketWatch noted. “The already material repricing in global yields will, …

Treasury bond yields in the United States continued to noticeably rise on Thursday, after the Chairman of the U.S. Federal Reserve, Jerome Powell, noted that the Fed is monitoring the debt market to observe any tightening conditions. Powell said that some inflationary pressures are expected in the coming period, but …

European stocks declined on Thursday as Treasury yields rose, with the pan-European STOXX 600 index losing 0.38%, after falling by 1% earlier in the session. The basic resources sector fell by 4.3%, while the utilities sector gained 1.7%. The French CAC40 index closed marginally higher by 0.01%, while the German …