Market Update

Gold prices rose Thursday, December 24th, as the dollar fell and investors are betting on more stimulus in the United States, despite President Donald Trump’s threat not to sign a long-awaited aid package linked to the pandemic. Spot gold rose 0.2% to $ 1875.20 an ounce by 07:22 GMT, after …

Japanese stocks rose Thursday, December 24th, to be around the corner from their highest levels in nearly three decades, as the distribution of the vaccine supports hopes for an economic recovery from the Covid-19 pandemic, while the shares of heavy machinery manufacturers gained on the background of a shift in …

The British pound extended gains Thursday, December 24, amid expectations that an agreement related to Britain’s exit from the European Union is imminent after a long period of being considered difficult to achieve, which raises hopes that Britain will be able to avoid an economic disruption with the beginning of …

“Japan’s economy is likely to improve moderately as a trend,” the Bank of Japan (BOJ) Governor Haruhiko Kuroda said in a scheduled speech at the Japan Business Federation’s Board of Councillors Meeting, in Tokyo. There is high uncertainty for economic outlook as it will likely take time for vaccines to …

The Turkish lira fell 0.45% against the US dollar ahead of a central bank meeting on interest rates, in which the bank is expected to raise its benchmark interest rate by 150 basis points. The currency reached 7.6590 against the dollar, a level just below its closing price on Wednesday …

Oil prices rose on Wednesday, showing positive recovery signs after two consecutive declines, supported by a decline in crude inventories in the United States. In addition, the decline of the US Dollar (USD) and renewed hopes for a Brexit trade deal are providing support for crude prices. Brent crude futures …

After two consecutive declines this week, gold prices rose on Wednesday, supported by a decline by the US Dollar (USD) on the back of mixed economic data. Gold futures for February delivery rose by $7.80, or 0.4%, to finish at $1,878.10 per ounce. Meanwhile, Silver futures for March delivery added …

Natural gas storage in the United States declined last week by 152 billion standard cubic feet (bscf) to stand at a total of 3,574 bscf, declining by around 4.1%, according to data by the U.S. Energy Information Administration (EIA) on Wednesday. On an annual basis, natural gas inventories rose by …

Crude oil inventories in the United States declined by 600,000 barrels last week, as shown by the data of the US Energy Information Administration (EIA) on Wednesday. Meanwhile, gasoline inventories declined by 1.1 million barrels, and distillate stockpiles fell by 2.3 million barrels.

The United States consumer sentiment index, issued by the University of Michigan, declined to 80.7 in December from an initial reading of 81.4 earlier this month. It is worth noting that in November the index registered 76.9 points. The current conditions index increased to 90 from 87 last month. The …