Market Update

European stocks closed lower on Thursday, due to negative earnings reports by a number of major listed companies. The Stoxx Europe 600 index declined by 0.46%, while FTSE100 dropped 1.50%. In France, the CAC40 index settled lower by 0.61%, while the German DAX fell by 0.50%.

Wall Street indices opened Thursday mixed, with the Dow showing losses while Nasdaq and S&P holding on to gains, supported by a record decline in jobless claims to their lowest level in around five months. The Dow Jones Industrial Average is down by 53.19 points or 0.19%, and S&P 500 …

The Turkish lira is heading towards a record low on Thursday after Finance Minister Barat Albayrak played down the importance of currency fluctuations and emphasized its competitiveness. Turks have flocked to buy foreign currency in recent weeks and analysts have called for tougher measures, such as an official tightening of …

Spanish Trade Minister Reyes Maroto said the United States should waive its tariffs imposed on European Union because the bloc has complied with all WTO rules regarding aircraft manufacturer Airbus. She added that the Spanish government rejects a US decision to keep the duties in effect on European Union goods. …

There were 963,000 Initial Claims for unemployment benefits in the US during the week ending August 8st, Labor Department revealed on Thursday, better than the market expectation of 1.1 million and it’s the first reading below 1 million since mid-March.

The dollar fell to its lowest level in a week against a basket of currencies on Thursday, August 13th, while analysts pointed out that the reasons for the weakness lie in the solid performance of the stock market and the failure of additional stimulus to the US economy. After losing …

Data from the National Institute of Statistics and Economic Studies in France showed that unemployment in the country fell to its lowest level in 37 years during Q2, as a downward trend that continued for several years was exacerbated by the general isolation measures imposed to confront the Coronavirus, which …

Online social media platforms have escalated their war against misinformation about the US election. Facebook has created a center to help users with polling resources, and Twitter has expanded the rules against misinformation about the mail and early voting. The move comes at a time when social media networks on …

Gold rose Thursday, August 13th, thanks to the dollar’s decline, to record further gains above the critical $ 1900 level, after a sharp retreat earlier in the week from its highest levels ever. By 07:08 GMT, spot gold increased 0.6% to $ 1929.13 an ounce, after falling below $ 1900 …

The International Energy Agency has revised its oil demand forecast for 2020 by 8.1 million barrels per day, warning that reducing air travel due to the Coronavirus will reduce global oil demand. The Paris-based International Energy Agency lowered its forecast for 2020 by 140,000 bpd to 91.9 million bpd, the …