Market Update

The UK economy is projected to expand by 1.5% in 2025, a notable improvement from the 0.9% growth recorded last year, according to analysts at UBS. In their latest report, they attributed this expected rebound to a “less contractionary fiscal policy,” which could provide the British economy with significant momentum. …

Oil prices extended their losses for a second consecutive session on Tuesday as optimism over global demand faded. Brent crude futures dipped by 0.2% to $76.08 per barrel, while U.S. West Texas Intermediate (WTI) crude slipped 0.3% to $73.31 per barrel as of 0804 GMT. This decline follows a drop …

European stock markets dipped on Tuesday, reversing some of Monday’s strong gains ahead of crucial eurozone inflation data. At 03:10 ET (08:10 GMT), Germany’s DAX fell 0.1%, France’s CAC 40 slipped 0.3%, and the U.K.’s FTSE 100 dropped 0.7%. Monday had seen impressive gains across European bourses, with the CAC …

Bitcoin extended its rally on Tuesday, re-entering six-digit territory after recovering from a year-end slump. The cryptocurrency gained momentum from both institutional buying and anticipation surrounding President-elect Donald Trump’s upcoming policies. Bitcoin Performance Price as of 01:02 ET (06:02 GMT): $101,711.6 Daily Increase: 2.1%, briefly surpassing $102,000 earlier in the …

In an interview conducted by CNBC Television, Mohamed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented on and analysed key assets’ performance in the financial markets. Q: The year 2024 was remarkable for U.S. indices, with the Dow …

Commenting on key financial assets, in an interview with Dubai TV, Mohamed Hashad, Chief Strategist at Noor Capital and a member of the American Association of Technical Analysts, highlighted that markets are closely. Q: Let’s start with gold prices, which recorded significant gains over the past year. Do current conditions …

As markets prepare for another US NFP jobs report that is expected at the end of the week, the US dollar depreciated on Monday, allowing other currencies to regain some much-needed ground. With a gentle decline, the US Dollar Index (DXY) dropped again below the 109.00 barrier and lost almost …

A survey conducted in December 2024 revealed a decline in German corporate confidence.  Corporate bankruptcies in Germany have risen to levels comparable to those seen during the 2008 financial crisis. German corporates are in a range where some months could easily reach their highest levels in 20 years. During the …

The Canadian Dollar Strengthened on MondayThe Canadian Dollar (CAD) appreciated by 0.5% on Monday, benefiting from a weakening of the US Dollar across the market. This move was further supported by the resignation of Canadian Prime Minister Justin Trudeau.Prime Minister Trudeau ResignsPrime Minister Trudeau announced his resignation as leader of …

The Dow Jones Industrial Average rallied on Monday, reclaiming the 43,000 mark, driven by a surge in technology stocks and tempered concerns over potential tariffs.Reports emerged suggesting a possible shift in the incoming administration’s stance on tariffs, indicating a more nuanced approach than initially anticipated. While the incoming President initially …