Industrial Production in the Eurozone rose by 2.1% on a monthly basis in October following September’s modest growth of 0.1%, the data published by the Eurostat showed. This reading came in slightly better than the market expectation of 2%. Further details of the publication revealed that Industrial Production in the …
Read More »Extended of Brexit Talks Pushes European Stocks
European stocks rose Monday, December 14th, as the decision to extend trade talks between Britain and the European Union kept hopes for an agreement, but the leading stocks in London were negatively affected by the rise of the British pound and AstraZeneca down by 6.3%. The European Stoxx600 index rose …
Read More »Oil Prices Rise With The Increase in Vaccine Hopes And a Tanker Explosion in Saudi Arabia
Oil prices rose on Monday, December 14th, to push Brent above $50 a barrel again thanks to hopes that the start of using Coronavirus vaccines will lead to increased demand for fuel, while an oil tanker explosion in Saudi Arabia has caused tension in the market. Brent crude futures for …
Read More »Pound Optimistic About Brexit Talks
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 …
Read More »Turkey’s Industrial Production Jumps 10.2% Y-o-Y in October
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 …
Read More »Gold Dropping Amid Less Demand as The Vaccine Begins to be Used
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 …
Read More »Weekly Recap – Dec 11
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 …
Read More »Oil Records Weekly Gains
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 …
Read More »Gold Rises and Turns into Weekly Gains
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%.
Read More »Dollar Shows Rebound Signs
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 …
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