Market Update

Oil prices surged on Monday, recovering most of its losses last week, supported by an improved risk appetite after positive news about the health of US President Donald Trump. Brent crude futures for December delivery closed higher by $2.02, or 5.1%, at $41.29 per barrel, after four consecutive daily declines. …

Gold prices rose on Monday to their highest level in nearly two weeks, as the US Dollar (USD) declined across the board. Gains by the precious metal come despite an improved risk sentiment and reduced demand for safe havens; however, the general weakness of the USD supported the yellow metal. …

An improved risk appetite seems to have left its toll on the US Dollar (USD), which opening the week with decline across the board. Investors’ risk appetite improved after positive news about the health of the US president, as well as renewed hopes for a second stimulus package to be …

Member of the Bank of England’s (BoE) Monetary Policy Committee, Jonathan Haskel, said on Monday that the Eurozone could see positive effects from negative interest rates, according to recent researches. “The effectiveness is probably going to be contingent on the structure of the financial system and the position where we …

The British Pound (GBP) declined against the Euro (EUR) on Monday, opening the week with limited losses amid anticipation for trade talks between the European Union (EU) and the United Kingdom (UK). The two sides recently agreed to speed up negotiations to reach a breakthrough. Disagreements persist and it remains …

President of the Federal Reserve Bank of Chicago, Charles Evans, expects an inflation overshoot after more than three years, Bloomberg reported. “I expect inflation to slowly improve, reaching 2% on a persistent basis in 2023 and then moderately overshooting 2% over the following few years.”“We likely have a lot of …

President of the Federal Reserve Bank of Chicago, Charles Evans, expects inflation in the United States will reach 2% and unemployment at 4% by 2023, Reuters reported. According to Evans, inflation could be allowed to reach 2.5%. “The Fed needs to have an ‘in it to win it’ attitude toward …

A survey showed that the economic recovery in the Eurozone was faltering in September due to the decline of the service sector, which dominates the economy of the bloc, as a result of re-imposing some restrictions on activities to prevent a new spread of the Coronavirus. Rising infection rates in …

Monday’s survey showed investor sentiment in the Euro area declined in October, halting a five-month streak of improvement, in an indication of concerns about the increasing of coronavirus cases. The Sentex Euro area index fell to -8.3 from -8.0 in September, compared to Reuters’ forecast for a reading of -9.5. …

The dollar index declined slightly on Monday, as it witnessed little change from Friday’s closing, as financial markets await news about the health of US President Donald Trump and the developments in talks regarding financial aid in Washington. On Friday, Trump announced that he had tested positive for COVID-19, prompting …