Market Update

The US Dollar (USD) is declining on Monday, opening the New Year with a negative performance amid increased risk sentiment among many investors. Hopes for new vaccines are seemingly exceeding worries from the rising number of cases in many countries, which is driving more investors towards riskier currencies. The Dollar …

Euro-denominated stocks moved from London to new platforms in the European Union on Monday, the first trading day after Britain withdrew from the bloc’s single market. Trading in euro-denominated shares in Amsterdam and the new Aquis exchange platform in Paris grew steadily when trading began without any problems.

China announced that manufacturing activity expanded in December as the world’s second-largest economy continued to show signs of recovering from the coronavirus pandemic. On the other hand, higher costs slowed the pace of expansion in factory activities. The official PMI manufacturing index fell to 53 from 54.9 in September. The …

Three OPEC+ sources told Reuters on Monday that most of the group’s experts expressed their opposition to increasing oil production by half a million barrels per day from February at the Joint Technical Committee meeting on Sunday.

Bitcoin fell 12% today, Monday, to $ 27,750, to continue the decline after achieving unprecedented gains at the start of the new year. The most popular cryptocurrency in the world increased to more than $ 30,000 for the first time on Saturday, and touched a record high of $34,800 the …

Today, Monday, the US dollar sat near its low level in mid-2018, after the optimism in global markets prompted investors to buy high-risk currencies such as the Chinese yuan, despite a renewed rise in infections due to the Corona virus pandemic. The dollar has taken a declining path due to …

The Turkish Statistical Institute data revealed on Monday that the inflation rate rose more than expected to 14.6% year on year in December, keeping pressure on the central bank to tighten monetary policy. On a monthly basis, the consumer price index rose 1.25% in December. A Reuters poll predicted that …

The UK manufacturing sector activity improved more-than-expected in the month of December, the final report from IHS Markit confirmed on Monday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised higher to 57.5 in December versus 57.3 expected and 57.3 first readout.

Oil prices touched a multi-month high on Monday, thanks to expectations that OPEC and allied producers may restrict production at current levels in February as the coronavirus pandemic keeps first-half demand concerns high. Prices rose in line with the financial markets in general, while Brent crude reached $ 53.17 a …

Gold prices began the new year at a high level and rose to a peak of eight weeks Monday, as gold’s appeal as a safe haven was strengthened by the increase in COVID-19 infections and the possibility of tighter restrictions imposed to contain the pandemic. And gold rose in the …