Market Update

US Trade Representative Katherine Tai said she told European Union antitrust chief Margrethe Vestager today, Monday, that she has a “strong desire to develop a more positive and constructive business relationship” with the bloc. Tai said in a statement that she and Vestager have agreed to work together on key …

Gold prices fell on Tuesday, March 30th, to their lowest level in more than two weeks, as they were pressured by the strength of the dollar and US Treasury bond yields with growing expectations for a rapid economic improvement in light of the progress of vaccination campaigns. Gold, which is …

Central Bank Deputy Governor Murat Çetinkaya was removed from his post, according to a presidential decree published in the Official Gazette today, Tuesday. The decree said that Mustafa Duman had been appointed as deputy governor of the central bank. The decree did not provide further details on the reason for …

Oil prices retreated on Tuesday, March 30th, while navigation in the Suez Canal resumed days after being halted by the stranding of a giant ship, and the focus shifted to an OPEC+ meeting this week, where an extension of supply restrictions is expected to be discussed amid new closures to …

Visa is set to allow using a cryptocurrency in settling transactions through its payment network, Reuters first reported. The process is starting with the U.S. Dollar (USD) Coin, known as the stable coin, through a pilot program in cooperation with the platform Crypto dot com, with plans for expansion with …

Regulators of the banking sector in the United States are investigating the growing use of artificial intelligence (AI) by financial institutions, Reuters reported. The regulators announced that they are seeking feedback on the rising use of AI by banks and other institutions for various purposes.

Oil prices rose on Monday, recovering from earlier losses, amid concerns about delays in oil shipments even after shipping restarted at the Suez Canal after the container ship that was blocking it was re-floated. In addition, it is expected that the upcoming meeting for the Organization of the Petroleum Exporting …

Gold prices closed lower on Monday, opening the week with a negative performance, due to the rise of the U.S. Dollar (USD). The yellow metal has limited its monthly gains, after recent fluctuations. Gold futures for April delivery finished lower by $24, or 1.4%, at $1708.2 per ounce, its lowest …

European stocks finished mostly higher on Monday, with limited gains due to concerns about the third wave of the Coronavirus pandemic. The STOXX Europe 600 index closed higher by 0.2%, with the stocks of food and beverages leading the rise and adding 1.5%. In the UK, the FTSE100 index settled marginally …

The United States Federal Reserve remains a long way from raising interest rates, said the Fed Governor Christopher Waller, in his first speech on Monday. Waller, who joined the Fed’s board of governors in December, said that the central bank does not plan to increase interest rates or the expand …