Market Update

Gold fell on Tuesday, September 8th, due to the rise of the dollar, but the losses were limited by doubts about economic recovery, while investors awaited the strategies of central banks’ policies in North America and Europe. Gold spot fell 0.2% to 1925.38 dollars an ounce by 05:10 GMT. And …

Data showed that German exports increased 4.7% in July, indicating that Germany’s economic recovery from the Coronavirus crisis remains on track, although export shipments are still well below the pre-crisis level. The Federal Statistics Office said that imports rose only 1.1% on a monthly basis, bringing the trade surplus adjusted …

US President Donald Trump raised the idea of the US economy decoupling from the Chinese economy, indicating that the United States will not lose money if business activities between the two countries ceased. “decoupling, it’s an interesting word,” Trump told during a news conference at the White House. “We will …

House prices in the United Kingdom recorded a huge rise last month, reaching a new record level, according to data by IHS Markit. The Halifax House Price Index increased by 5.2% in August on an annual basis. This is the largest rise for the house-pricing index since late 2016. The …

The recent fall of tech stocks on Wall Street led to rising concerns regarding the outlook for the stock market, amid worries that recent surges and record-breaking activity went in the opposite direction of the troubled economy due to the Coronavirus (COVID-19) crisis. “I think we are certainly in bubble …

Competition authorities in Italy are investigating the cloud storage services run by Apple, Dropbox, and Google, CNBC reported. The Italian Competition and Market Authority has reportedly launched a total of six investigations into Google Drive, the iCloud and DropBox, after several complaints for unfair practices. The complaints involve how the …

The European stock markets showed a strong rebound on Monday, opening the week with high gains after two consecutive losses that were driven by a slump in the tech sector. The pan-continental STOXX Europe 600 index closed higher by 1.6%, while the UK’s FTSE100 surged by 2.39%. In Germany, the …

The Dollar Index (DXY) is maintaining its recent rising trend on Monday, with the US Dollar (USD) showing a strong performance across the board. The DXY, which measures the performance of the USD against a basket of six major international currencies, is up by 0.25% for the day at 92.95, …

The Financial Times reported that the British government plans to pass new legislation that overrides key parts of the Brexit deal to withdraw from the European Union, which threatens to break down negotiations with Brussels. Citing three sources familiar with the plan, the newspaper said that provisions in the internal …

Gold fell on Monday, September 7th with the dollar achieving gains, but economic uncertainty prevented it from falling further as investors awaited developments from central banks. The gold spot fell 0.1% to 1929.87 dollars an ounce by 12:28 GMT. Gold rose in US futures trading 0.1% to 1935.10 dollars an …