Market Update

Uber Technologies announced that it plans to buy Postmates for a price of $2.65 billion, Reuters reported. The ride-hailing app developer aims to expand its footprints in the food-delivery business. Uber recently considered acquiring Grubhub, a US-based online food delivery company that entered last month into an acquisition deal by …

Bitcoin rose during today’s trading session, after falling for two consecutive sessions, which pushed the cryptocurrency to decline near the level of $ 8955, but quickly rose in recent hours by 3.1% to $ 9250 levels. The currency was in a raising wave close to $ 4000. The cryptocurrency is …

The European Union will take decisive measures against the United States if it is unwilling to settle a long-standing dispute over aircraft with new business investigations, the European Trade Commissioner said on Monday. The history of this dispute dates back to 2004 over subsidies and support for European Airbus and …

Chief of Staff Mark Meadows told reporters at the White House on Monday that the US President is considering executive orders targeting China, manufacturing and immigration, according to Reuters. “It’s dealing with a number of executive orders that may go all the way from dealing with some of the immigration …

Eurostat figures reported on Monday showed that sales in the Eurozone increased with the easing of lockdown in the countries of the region, which revived sales surprisingly after its collapse in March and April. Eurostat reported that retail sales in the Eurozone rose 17.8% in May compared to-9.9 in April, …

Brent crude rose during the Asian session and at the beginning of the European session on reliable economic data despite the increasing of Corona cases and its impact on oil demand. Brent crude futures rose to $ 43.42, or 1.43%, as US oil inventories fell more than expected last week, …

Euro posted gains at the start of the European session on Monday; these gains come after reliable German data and coronavirus stimulus plan. The EUR/USD pair reached 1.1298 at 10:15 GMT, with an increase of 0.46%, while Euro rose against British pound to 0.904, by 0.35% German factory orders increased …

Data from Sentix Research Group showed on Monday that investor confidence in the Eurozone improved less than expected in July. The index rose to -18.2 in July from -24.8 in June compared to -10.9 expected. The gauge rises to -18.2 in July from -24.8 in June vs a reading of …

The markets were optimistic after headlines from China which gave optimism to share, the rise of Asian shares, in turn, raised the S&P 500, which affects USD and the safe haven. Coronavirus cases continue to increase at an alarming rate in US. US: GS is not optimistic about the US …

According to Reuters, US sanctions designed to restrict the ability of China’s Huawei to source advanced microchips for 5G equipment is likely to have a significant impact on the reliability of the supplier, citing Britain’s culture minister on Monday. A review released by the UK’s National Cyber Security Centre (NCSC) …