Market Update

Gold fell from its highest level in three weeks, as the dollar recouped some of its losses after a new US relief package to ease the repercussions of Corona faced opposition. Spot gold fell 0.1% to $ 1927.11 an ounce, after reaching its highest level since September 21 at $ …

Japanese stocks fell at the close on Monday, due to concern over the upcoming corporate business results reports, prompting investors to reap profits and leading the decline in the selective industrial and consumer sectors. The Nikkei index fell 0.26% to 23,558.69 points, while the broader TOPIX index lost 0.2% to …

European stocks rose Monday, tracking gains in Asia fueled by optimism about the recovery of the Chinese economy, while investors remain cautious about the rise in domestic infections with the Corona virus. The pan-European STOXX 600 index rose 0.3%, while the telecom and automobile sectors led the gains. The benchmark …

US stocks closed higher on Friday, October 9th, as the S&P 500 and Nasdaq posted their biggest weekly percentage gains since July, amid growing optimism about more financial aid. Talks on a coronavirus-related stimulus package are expected to continue, even though House Speaker Nancy Pelosi and Treasury Secretary Stephen Mnuchin …

Oil prices fell on Friday (October 9th) by more than 1% after a strike by oil workers ended in Norway, which will raise crude production even though Hurricane Delta forced US energy companies to cut production. Brent futures fell 49 cents, or 1.1%, to settle at $ 42.85 a barrel, …

The number of active US oil rigs decreased by 4 to 193this week, according to data by Baker Hughes.  The total active U.S. rig count, meanwhile, was up 3 to 269, according to Baker Hughes. This week’s rig count was 587 rigs, or 69%, below this time last year. U.S. …

EU lawmakers have suspended their talks with representatives of EU governments over the budget and the € 1.8 trillion coronavirus recovery package.

European stocks recorded a second consecutive weekly gain Friday, October 9th, as positive expectations from Pandora and Novo Nordisk gave the Danish side a more optimistic character to the earnings season, as investors’ eyes continued to turn to indications of a new US stimulus. The pan-European STOXX 600 index closed …

Negotiators from the oil companies and trade unions in Norway Friday, October 9th, said that officials from the two parties have concluded an agreement on wages, thus ending a strike that had threatened to cut the country’s production of oil and gas by nearly 25% next week. Last Monday saw …

Gold rose about 2% on Friday, as the dollar fell to its lowest level in nearly three weeks and bets increased on new stimulus in the United States, prompting investors to buy the precious metal to hedge against potential inflation. Spot gold rose 1.8% to 1927.51 dollars an ounce by …