Market Update

Spanish stocks were the losers among European stock exchanges on Monday after the country’s general elections ended without a clear winner, indicating a political deadlock and causing concern among investors. The Spanish stock index fell 1.1 percent, its lowest level in about a week, after the results of the elections …

The Japanese Nikkei index closed higher on Monday for the first time in three sessions, with the rise of stocks of auto makers, taking advantage of the decline in the yen, at a time when investors reduced their bets that the central bank of the country will change its monetary …

On Monday, the dollar and the euro recorded a strong start to a week of central bank meetings, while the yen suffered amid investor expectations that the Bank of Japan would not raise interest rates, contrary to what policy makers in Europe and the United States plan. The Federal Reserve …

Russian President Vladimir Putin wrote in an article published early Monday that Russia withdrew from the Black Sea Grain Transport Agreement, which guaranteed the safe export of Ukrainian grain, because the agreement had lost its meaning. “The continuation of the grain deal … has lost its meaning,” Putin said in …

Oil prices fell on Monday as investors awaited further rate hikes from the US and European central banks, while tight supply and hopes for Chinese stimulus kept Brent crude at $80 a barrel. By 0045 GMT, Brent crude futures were down 41 cents, or 0.5 percent, at $80.66 a barrel. …

The Standard & Poor’s 500 and Nasdaq indexes fell at the close on Wall Street on Thursday, affected by the decline in Tesla and Netflix shares after the release of their quarterly results, but the Dow Jones Industrial Average closed higher for the ninth consecutive day, thanks to Johnson & …

The US Dollar experienced a strong rebound from a sharp decline in the previous week, supported by strong economic data. The DXY rebounded from under 100.00 to 101.00, but the outlook remains negative, and the positive results could be seen as a corrective movement.The Pound underperformed during the week, following …

May saw a 0.2% growth in Canadian retail sales, somewhat less than the predicted 0.5% gain. Retail sales only slightly increased in May and the forecast for June shows that the trend persisted. This suggests that Canadian consumer spending was weak even before the Bank of Canada resumed its cycle …

The GBP/USD pair dropped in early trading due to strong US dollar strength, driven by upbeat UK retail sales data. The recent UK inflation report repricing of the Bank of England’s interest rate expectations led to a 50% chance of a 50 bps rate hike projected by the swaps market. …

WTI soared on Friday, posting a fourth straight weekly increase as it reached the 200-day Simple Moving Average (SMA) at $76.82. With a 1.89% weekly gain, WTI crude oil also increased by more than 1% near $76.80.On Friday, oil prices increased by more than $1 a barrel, supported by mounting …