Market Update

Gold prices, which rose on Friday as the dollar fell, are close to posting their worst quarterly drop since March last year, as central banks around the world stick to tight monetary policies. And gold rose in spot transactions on Friday 0.3 percent to $ 1665.99 an ounce by 1029 …

Oil prices are heading for their first weekly gain in five weeks on Friday, supported by the decline in the US dollar and the possibility of the OPEC + group agreeing to reduce crude production when it meets on the fifth of October. Brent crude futures for November rose 95 …

The euro and the British pound rose to a one-week high on Friday, bolstered by moves from the Bank of England to reassure the markets and indications that the European Central Bank is tightening monetary policy as foreign exchange markets regained some calm at the end of a volatile week. …

Data published by the Turkish Statistical Institute on Friday showed that the country’s foreign trade balance deficit rose 159.9% year-on-year to $11.19 billion in August, affected by a 40.4 percent rise in imports. The data indicated that imports amounted to $32.53 billion, while exports rose by 13.1 percent to $21.34 …

European shares rose on Friday on the last day of trading from a turbulent quarter in which stocks were hit hard as investors worried about the impact of monetary policy tightening on economic growth and corporate profits. The pan-European Stoxx 600 index rose 0.8 percent by 0713 GMT, boosted by …

According to official data, Japan’s industrial production grew by 2.7% in August compared to July, marking the third consecutive month of growth. This number clearly exceeded expectations for a 0.2% increase in a Reuters poll. Retail sales jumped 4.1% in August from a year ago, topping Reuters’ forecasts for a …

UK’s final reading of the second quarter (Q2) Gross Domestic Product (GDP) offered a positive surprise on early Friday. That said, the Q2 GDP improved to 0.2% QoQ versus -0.1% previous forecasts while the YoY figures increased to 4.4% versus 2.9% prior estimations. Further details suggest that the UK’s Q2 …

Oil prices were little changed in early trading on Friday, but they are heading for their first weekly gain in five weeks, supported by the decline in the US dollar and the possibility of the OPEC + group agreeing to cut crude production when it meets on the fifth of …

Most stocks in the Asia-Pacific region fell Friday, September 30, the last day of the third quarter of the year after another sell-off on Wall Street overnight. In Japan, the Nikkei fell by 1.83% and the Topix fell by 1.76%. Hong Kong’s Hang Seng is up 0.29%, while Hang Seng …

The US dollar ended the day unevenly across the FX board, despite Wall Street resuming its decline and trimming all Wednesday’s gains. Treasury yields remained stable, with the 10-year note yielding 3.75% and the 2-year note 4.17%.Gold trades near its weekly high at the $1,664 level, while crude oil prices …