Market Update

A Reuters poll showed on Wednesday that the possibility of the United Kingdom (UK) and the European Union (EU) failing to reach a new trade agreement by the end of 2020 is increasing with recent talks between the two sides reportedly stalling. There is a number of disagreements between the …

The rise in job openings in the United States did not provide the needed support for the US Dollar (USD) to maintain its rising trend on Wednesday. The Dollar Index (DXY), which measures the performance of the USD against a basket of six major international currencies, is down by 0.19% …

Job openings in the United States increased by 617,000 to 6.6 million by the end of July, data by the US Department of Labor showed on Wednesday, Reuters reported. The Department of Labor monthly Job Openings and Labor Turnover Survey (JOLTS) showed that job opportunities remained below 7 million, its …

Today, the Bank of Canada maintained its main interest rates and decided to continue its quantitative easing (QE) program, with large-scale asset purchases of at least CAD 5 billion worth of government bonds every week. “Both the global and Canadian economies are evolving broadly in line with the scenario in …

Morgan Stanley said in a note on Wednesday that he expects Brent crude prices to rise to $ 50 a barrel by the second half of 2021, supported by a weakening dollar and increasing inflation. “Unprecedented expansion of monetary aggregates has weakened the US dollar and put upward pressure on …

The Chinese government said it would support consumption to contribute to the recovery of the economy, adding, “Consumption has been relatively hit by the need this year and has become the weak link in the economic recovery.” Official data showed that retail sales in China fell 1.1% in July, compared …

Fuel demand in India fell 15.6% in August compared to the same month last year, as data released by the Petroleum Planning and Analysis at the Ministry of Oil showed that total fuel consumption, an indicator of oil demand, reached 14.39 million tons. Gasoline sales were 7.5% lower than a …

The Japanese yen rose due to growing concerns in financial markets on Wednesday, September 9, and after US technology stocks saw a sell-off the previous day and as a coronavirus vaccine faces delays. The US dollar was supported by a decline in the stock market prompted investors to sell riskier …

The Turkish lira fell to a record level below 7.49 against the dollar, under the influence of growing risk aversion, which increased selling pressure in the world. The lira recorded a low level at 7.4920, bringing its losses against the US currency since the beginning of this year to about …

European shares stabilized on Wednesday after falling sharply in the previous session, but sentiment was shaken by the suspension of AstraZeneca global trials of its Covid-19 vaccine. AstraZeneca shares fell 1.3% as it announced the suspension of large trials in its final stages on an experimental vaccine due to the …