Market Update

Oil prices rose more than three percent on Monday, as clashes between Israel and the Palestinian Islamic Resistance Movement (Hamas) raised fears of a broader conflict in the Middle East. By 1143 GMT, Brent crude rose $2.70, or 2.2 percent, to $87.28 per barrel, while US West Texas Intermediate crude …

The Organization of the Petroleum Exporting Countries (OPEC) raised its forecast for global oil demand in the medium and long term in an annual forecast, saying $14 trillion in investments are needed to meet that demand even as the use of renewable fuels increases and more electric cars appear on …

Gold prices rose more than one per cent on Monday, as the outbreak of violent clashes between Israeli forces and the Palestinian Islamic Resistance Movement (Hamas) over the weekend increased the risk of a broader conflict in the Middle East and stimulated interest in investing in safe havens such as …

Most European stock markets opened lower on Monday as the ongoing clashes in the Middle East led to a rush towards safe haven assets such as bonds and gold, and oil prices rose by more than three percent. The European STOXX 600 index fell 0.2 percent by 0710 GMT, with …

The safe-haven dollar and Japanese yen rose on Monday after violence in the Middle East spooked markets, while a strong US jobs report gave the greenback a bigger boost. The appetite for risk declined after Israeli forces clashed with gunmen from the Palestinian Hamas movement at the beginning of the …

Oil prices jumped more than $4 a barrel in early Asian trading on Monday, as political uncertainty worsened across the Middle East following the outbreak of violent clashes between Israeli forces and Hamas over the weekend. The rise in oil prices came to reverse the downward trend last week, which …

Following a significant spike in T-bond yields, the market has momentarily stabilized, but Americans continue to borrow heavily despite Fed Chair Jerome Powell’s 18-month efforts to alter their borrowing and spending habit.Middle East tensions could boost gold, US dollarTensions in Palestine are causing investors to seek safe-haven assets and monitor …

After the release of stronger-than-expected US jobs data and a spike in Treasury yields, stocks rose on Friday. The Nasdaq Composite surged 1.7%, the S&P 500 added 1.4%, and the Dow Jones Industrial Average increased by 414 points, or 1.2%. With wages growing less than anticipated last month, the Labour …

Inflation in the US is expected to moderate in September. In an otherwise quiet week for economic data releases, everyone’s attention will be focused on U.S. inflation figures. In September, CPI growth may have appeared a little better; economists anticipate a deceleration to a 3.5% year-over-year pace from 3.7% in …

Following the release of the US NFP, the EUR/USD pair gains significantly, rising 1.12% off the day’s low. Following a strong NFP result for the USD, broad market flows have turned decisively risk-on.Investor confidence data for October will be released on Monday, and this is what euro traders will be …