Market Update

On Monday, oil prices stabilized near their highest levels in five months, buoyed by various factors including expectations of declining supplies due to OPEC+ production cuts, attacks on Russian refineries, and robust data from the Chinese manufacturing sector indicating improved demand. As of 1115 GMT, Brent crude prices dipped by …

On Monday, Turkish stocks experienced a notable increase while the lira saw a slight decline after reaching its lowest levels ever against the dollar following the opposition’s significant victory over President Recep Tayyip Erdogan’s Justice and Development Party (AKP) in local elections. Analysts attributed the AKP’s electoral setback to factors …

The dollar was broadly stable on Monday as data showing declining inflation in the United States reinforced bets that the US central bank may cut interest rates in June, while the yen fluctuated near the 152 level to the dollar, which reinforced traders’ concerns about possible government intervention. The US …

On Monday, Japan’s Nikkei index experienced a notable downturn, closing at its lowest level in two weeks, dipping below the 40,000-point mark. This decline was primarily attributed to traders opting to sell stocks to secure profits on the first day of the country’s new fiscal year. The Nikkei index recorded …

On Monday, gold prices surged to a record high following reports indicating a moderation in US inflation during February. This development heightened expectations that the Federal Reserve (the US central bank) would implement interest rate cuts in June. During spot transactions, gold prices jumped by 1 percent to reach $2,255.39 …

On Monday, oil prices continued their upward trajectory, building on recent gains amid various factors including anticipated declines in supplies due to OPEC+ production cuts, attacks on Russian refineries, and positive data from the Chinese manufacturing sector, signaling improved demand. As of 0331 GMT, Brent crude prices climbed by 29 …

U.S. Stocks Show Mixed Results at Close; Dow Jones Industrial Average Gains 0.12% The U.S. stock market closed with mixed results on Friday, with the Dow Jones Industrial Average reaching a new all-time high, while the S&P 500 edged higher and the NASDAQ Composite index ended lower. The Dow Jones …

After declining in response to hawkish sentiment surrounding the US Fed, the EUR/USD pair is making an attempt to rebound and is currently trading at 1.0789. Stronger inflation data may cause Fed’s Waller support the postponement of the interest rate cuts.ECB’s François Villeroy de Galhau stated that the bank can …

With an 11% gain in the last day, Litecoin (LTC) is now the second-best performing cryptocurrency among the top 100. This takes place on the fifth day of weak market activity, during which time Bitcoin and Ethereum saw corrections of less than 2%. The market capitalization of all cryptocurrencies combined …

President Xi Jinping ordered the central bank of China to start trading central government bonds; nevertheless, the bank is poised to exercise caution to minimize unanticipated effects on inflation and the exchange rate. The bank aims to avoid perceived heavy-handedness or quantitative easing, avoid large-scale intervention into the bond market, …