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Market Analysis

November, 2021

  • 19 November 2021 5:25 pm

    Brent Crude is Losing Levels of $ 80 a Barrel on Covid-19 Concerns

    Oil prices fell below $79 a barrel on Friday, as a new increase in Covid-19 cases in Europe threatened to slow the pace of economic recovery, while investors weighed the possibility of a move by the world’s major economies to withdraw from their strategic stocks of crude to calm energy …

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  • 19 November 2021 4:26 pm

    The Dollar is on Track to Gain For The Fourth Consecutive Week

    The dollar is set for a fourth consecutive week of gains against its major rivals on Friday, as traders are betting that US interest rates will rise faster than expected amid rising inflation worldwide. The euro was one of the biggest losers against the dollar and is on track to …

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  • 19 November 2021 3:15 pm

    European Shares Are Heading For The Seventh Week of Gains

    European shares rose on Friday, heading for a seventh consecutive week of gains, as a jump in commodity-related stocks, strong gains, and easing monetary policy boosted investor sentiment. The European Stoxx 600 index rose 0.3 percent, retreating slightly from record highs, and mining and oil companies topped the gains, supported …

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  • 19 November 2021 2:13 pm

    Two Sources: OPEC+ Compliance With Oil Production Cuts Reached 116% in October

    Two sources familiar with the matter said that the commitment of the OPEC+ group to oil production cuts amounted to 116 percent in October, up from 115 percent in September. This indicates that the group continues to produce within the framework of the agreed goals. The data showed that the …

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  • 19 November 2021 1:29 pm

    Japan Shares Close Higher on Energy

    Japan’s Nikkei rose on Friday after giant chip makers followed in the footsteps of their US counterparts and energy stocks rose following a recovery in oil prices. But losses incurred by SoftBank Group limited the gains for the second consecutive session. Alibaba Group, SoftBank Group’s biggest asset, on Thursday forecast …

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  • 19 November 2021 12:29 pm

    UK Retail Sales Post a Positive Reading For The First Time in 4 Months

    Data from the Office for National Statistics in Britain revealed that retail sales grew more than market expectations and posted a positive reading for the first time in 4 months at the end of last October. The retail sales index recorded a growth of 0.8%, compared to market expectations of …

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  • 19 November 2021 2:50 am

    Market drivers – US Session – 18-11-2021

    US shares markets witnessed a mild improvement in trading sentiment, despite printing a mixed daily performance for Thursday. The reason could be linked to the strong US data and comments from the Fed policymakers, as well as a pullback in the US inflation expectations and the Treasury yields.The Dollar Index’s …

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  • 19 November 2021 2:26 am

    Wall Street Closes With Mild Improvement

    US shares markets witnessed a mild improvement in trading sentiment, despite printing a mixed daily performance for Thursday. The reason could be linked to the strong US data and comments from the Fed policymakers, as well as a pullback in the US inflation expectations and the Treasury yields.Dow Jones dropped …

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  • 19 November 2021 2:16 am

    Fancy Salad Shares Price Doubled

    Sweetgreen’s shares nearly doubled in price mid-day Thursday, hours after the upscale salad chain made its first appearance on Wall Street.The company set its price at $28 per share Wednesday, ahead of its initial public offering Thursday. The stock price jumped to about $54 at one point, and was hovering …

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  • 19 November 2021 1:49 am

    USD Slid Amid Further Profit Taking

    The Dollar Index’s pullback continued on Thursday, with the index falling back to the 95.50s ahead of the start of the Asia Pacific trading session. Further positive US data, such as the drop of weekly initial jobless claims to a new post-pandemic low at 269K and larger than expected jump …

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  • 19 November 2021 1:34 am

    Bitcoin Falls as Congress Battle Takes Off

    Bitcoin continued to slide on Thursday, trading down more than 2% and falling as low as $58,283. The most famous cryptocurrency is now very apart from its highs around $69,000, recorded on November 10.US Congress is pushing some of the most sharply divergent views on cryptocurrencies. Speaking at a Congressional …

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  • 19 November 2021 1:12 am

    Key Governments Challenge OPEC+ With Reserves

    Governments from a number of the world’s biggest economies said on Thursday they are considering the release of oil from their strategic reserves.The announcements follow a rare request by the United States for a coordinated move to ease global energy prices and ahead of a meeting of major oil producing …

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  • 19 November 2021 12:20 am

    Germany Attempts To Escape Debt Brake

    Because of the strict constitutional ceiling on borrowing, Germany has become more like those internet users who see advertisements promising lose-weight tricks or acquire millions.To meet its climate obligations and upgrade its digital infrastructure, Germany needs to get prepared for €50bn ($57bn) a year in public investment.But a “debt brake” …

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