Market Update

Geopolitical risks remain high and economists discuss what to look out for in 2024. Severe geopolitical shocks and persistent tensionsThe new year could mark a watershed for political and military support for Ukraine, particularly as elections will be held in the US Military support from the US is critical, and …

The dollar faced a decline on Wednesday, reaching its lowest level in five months, while the euro touched a four-month high. Market sentiment was driven by expectations of an imminent interest rate cut by the Federal Reserve. However, limited trading volume at the close of the year contributed to subdued …

European shares experienced a modest increase on Wednesday, driven by a rise in mining shares fueled by strong Chinese data. Additionally, technology stocks received a boost from Wall Street’s optimistic outlook, fueled by expectations that the Federal Reserve might initiate interest rate cuts in March. Market Overview:The European STOXX 600 …

Oil prices maintained stability on December 27 as investors closely monitored developments in the Red Sea, where major shipping companies resumed transit despite ongoing attacks and heightened tension in the Middle East. Brent crude futures experienced a slight dip of 0.1%, falling 5 cents to $81.02 per barrel, while US …

Tuesday saw a more than 2% increase in oil prices, reaching their highest point since December 1. Concerns about potential interruptions to oil shipments were raised by recent attacks on ships in the Red Sea.Expected Fed interest rate reduction, which might spur economic growth and increase demand for energy, also …

The thin holiday trading volumes will likely make gold price range questionable. But, generally speaking, the weakness of the US dollar continues to support the strong upward rebound of the gold price, with it holding on to the psychological resistance level of $2,000 per ounce. It seems that the gold …

US stocks opened higher on Tuesday to start the last week of the year, as traders aimed to end 2023 on a strong note. The S&P 500 climbed 0.3%, and the Nasdaq Composite advanced 0.4%. The Dow Jones Industrial Average gained 100 points, or about 0.3%. Intel rose nearly 3% …

:Russian Finance Minister Anton Siluanov recently announced on state television that the projected budget deficit for 2023 is set to reach approximately 2.9 trillion rubles, equivalent to $31.6 billion, or about 1.5% of the country’s Gross Domestic Product (GDP). Siluanov highlighted that both expenditures and revenues exceeded initial expectations, attributing …

Amid the Christmas holiday, the dollar grapples with consolidation efforts against a backdrop of weakened trading. Signals of declining inflation in the largest economy, the United States, contribute to the dollar’s challenges, offering the Federal Reserve room for potential interest rate cuts in the upcoming year. Concurrently, the yen maintains …

Oil prices experienced a subtle shift on Tuesday, with investor attention split between heightened geopolitical tensions in the Middle East and the optimism surrounding potential interest rate cuts by the US Federal Reserve. These factors contribute to a delicate equilibrium, impacting global economic growth and influencing oil demand. Market Dynamics: …