Market Update

The US Dollar (USD) is showing recovery signs on Thursday, after reaching its lowest level in seven weeks yesterday. The Dollar Index (DXY), which measures the performance of the USD performance against a basket of six international currencies, is up by 0.33% for the day at 92.92. The index has …

European stocks finished Thursday lower, amid increased uncertainty among investors regarding the second wave of the COVID-19 pandemic and an anticipated stimulus package in the United States. The pan-continental STOXX Europe 600 index closed lower by 0.14%. In France, the CAC40 index slipped 0.05%, while the German DAX settled lower …

Home sales in the United States rose to their highest level in 14 years during the month of September, data by the National Association of Realtors showed on Thursday. Existing home sales surged by 9.4% to a seasonally adjusted annual rate of 6.54 million units last month, its highest level …

Natural gas inventories in the United States increased by 49 billion cubic feet last week, according to data by the US Energy Information Administration (EIA) The rise in gas stockpiles came below market expectations of a 51 billion cubic feet increase for the week ended October 16. Natural gas inventories …

The S&P 500 and Nasdaq Composite Indexes rose slightly at the open Thursday as investors pinned to hope for new financial stimulus, while shares of the Dow Jones Industrial Average fell after new data indicated a slowing economic recovery. S&P 500 rose 2.94 points, equivalent to 0.09%, to reach 3,438.50 …

On Thursday, the Turkish central bank kept interest rates unchanged at 10.25%, which was contrary to speculation of a large increase. A poll of 17 economists conducted by Reuters had expected the bank to raise its repurchase rate (repo) for a week 175 basis points, as forecasts ranged from increases …

There were 787,000 initial claims for unemployment benefits in the US during the week ending October 16th, the data published by the US Department of Labor (DOL) revealed this Thursday. This reading followed last week’s print of 842,000 (revised from 898,000) and came in better than the market expectation of …

The dollar recovered from its lowest level in seven weeks, receiving some support after hopes for a fiscal stimulus package in the United States before the November elections collapsed. Progress towards a stimulus agreement in the United States was supporting sentiment in global markets and raising demand for riskier assets …

European stocks hit their lowest in nearly a month on Thursday, as sentiment was affected by declining German consumer confidence, concerns about the increasing rate of Coronavirus infections, and the faltering stimulus in the United States. The German DAX index fell 1.3%, below the European stock market indices, after a …

Japanese stocks closed lower on Thursday, as the rise of the yen threatened exporters’ profits and amid fears that no agreement will be reached on an important US stimulus package before the presidential elections scheduled for the third of November. The benchmark Nikkei index closed down 0.7% to 23,474.2 points, …