European shares rose on Friday, July 9, as investors bought, after one of the worst sell-offs in the market since the beginning of the year, amid concern over the stalled global economic recovery. The pan-European STOXX 600 index rose 0.8%, as sectors hit by the drop this week saw gains, …
Read More »Oil Prices Plunge as Prospects of U.S.-Iran Nuclear Deal Rattle Supply Outlook
Oil prices tumbled sharply on Thursday as traders reacted to fresh signals that a nuclear agreement …
Gold Hits One-Month Low as U.S.-China Trade Truce Undermines Haven Demand
Gold prices slid to a one-month low in Asian trading on Thursday, continuing a recent losing streak …
Market Drivers – US Session: Can the Dollar Hold Its Ground as Markets Await Key Data, Fed Signals?
The US Dollar (USD) staged a recovery on Wednesday, May 14, 2025, at 11:36 PM +04, climbing past the…
Will Rising Treasury Yields and Tariff Risks Derail Fed Rate Cut Hopes?
US Treasury yields climbed across the curve on Wednesday, May 14, 2025, at 11:29 PM +04, as markets …
Can Nvidia’s Saudi AI Chip Deals Propel US Stocks and the Dollar Higher?
Nvidia’s stock surged 3.96% to $135.07 by 3:20 PM EDT on Wednesday, May 14, 2025, at 11:28 PM +04, e…
Can Cooling US Inflation Shield Consumers from Tariff Fallout or Will Markets Feel the Heat?
The cooling US inflation reported on May 14, 2025, with the Consumer Price Index (CPI) rising 2.3% y…
Oil Prices Slip as Unexpected US Crude Stockpile Surge Raises Oversupply Fears
Oil prices dipped on Wednesday as fresh government data revealed an unexpected increase in US crude …
Gold Slips Below $3,200 as Geopolitical Calm and ETF Pause Shake Market
Gold prices dipped below the $3,200 per ounce threshold on Wednesday, May 14, 2025, at 08:28 PM +04,…
Will UK GDP Data Steer Sterling’s Next Move as Fed Signals Tariff Risks?
The Pound Sterling (GBP) edged lower on Wednesday, May 14, 2025, at 09:02 PM +04, retreating slightl…
U.S. Stock Futures Ease Slightly as Investors Digest Trade Optimism, Look to Fed Speakers and Earnings
U.S. stock index futures edged lower early Wednesday, as Wall Street took a breather following a str…
Market Analysis
July, 2021
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9 July 2021 12:39 pm
Mixed Performance of Oil in Light of The Decline in US Stocks And The Lack of an OPEC+ Agreement
Oil prices varied on Friday, July 9, and are still on track to incur a weekly loss, between optimism due to the decline in US inventories, and uncertainty about global supplies due to the impasse currently afflicting OPEC +. Brent crude futures fell only three cents to $74.09 a barrel, …
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9 July 2021 12:18 pm
Japan Shares Plunge to 8-Week Lows on Fears of Slowing Growth
Japanese stocks plunged to an almost 8-week low on Friday, July 9, on fears of a slowing economic recovery after the country declared a state of emergency to curb the outbreak of the Coronavirus, but losses were curbed by hopes that the Bank of Japan might intervene to support the …
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9 July 2021 2:30 am
Wall Street Drops Due to Pandemic and Recovery Concerns
The New York Stock Exchange (NYSE) closed lower on Thursday, with the main indices on Wall Street seeing their worst daily losses since June 18. Rising demand for Treasury bonds and safe haven amid concerns about the rising number of Coronavirus (COVID-19) cases infected mainly with the variants are negatively …
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9 July 2021 1:55 am
USD Declines Across the Board Amid Economic Concerns
The U.S. Dollar (USD) declined on Thursday, amid rising concerns about the economic rebound and recovery from the coronavirus pandemic. Worries about the rising number of cases in many countries with the spread of new variants of the COVID-19 led to increased selling pressure on the greenback. The Dollar Index …
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9 July 2021 1:34 am
Latin America’s Economy Expected to Grow 5.2%
The Latin American economy is expected to grow by 5.2% in 2021, despite concerns about recovery amid an increase in cases in many parts of the world with the new variants, according to the United Nations (U.N.) Economic Commission for Latin America and the Caribbean (ECLAC). The new forecasts mark …
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9 July 2021 12:44 am
Oil Rebounds Despite Recovery Concerns and Uncertainty
Oil prices rebounded on Thursday, recovering some of its recent huge losses, after data showed a drop in the U.S. crude oil inventories, despite uncertainty about the future of the OPEC+ output cuts. In addition, markets are seeing rising concerns about the pace of economic recovery and resurgence of the …
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8 July 2021 10:59 pm
Gold Logs First Loss in Six Sessions
Gold prices declined on Thursday, snapping a five-session rising streak, amid increasing selling pressures with investors adjusting their positions amid losses by the U.S. Dollar (USD) and stocks markets. Given the recent rises, selling pressures might have also resulted from profit-making. Gold futures for August delivery lost $1.90, or 0.1%, …
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8 July 2021 10:19 pm
Rising Pandemic Concerns Focused on New Variants Despite Vaccinations
A recent report has warned against the rising number of Coronavirus (COVID-19) cases and fatalities, despite the improvement that is mostly attributed to the wide rollout of vaccines. Experts in the Yale School of Public Health and the Commonwealth Fund believe that without a vaccination program, there would have been …
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8 July 2021 9:21 pm
European Stocks Log Worst Losses in Two Months
European stocks dropped on Thursday, with all market sectors closing in red, amid worried about the new coronavirus (COVID-19) variants. The pandemic-related concerns are driving more investors into safe havens, such as the bonds, which is reflecting negatively on the stock market due to questions about maintaining the pace of …
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8 July 2021 7:25 pm
U.S. Oil Inventories Down for Seventh Week in Row
Crude oil inventories in the United States declined last week for the seventh consecutive week, according to official data released on Thursday. The U.S. Energy Information Administration (EIA) reported that crude inventories fell by 6.866 million barrels last week. The drop in oil inventories exceeded most market expectations of a …
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8 July 2021 5:39 pm
ECB’s Lagarde: Inflation Target at 2% is Not a Ceiling
European Central Bank President Christine Lagarde has said that the new 2% symmetric inflation target means that level is not a ceiling. The ECB abandoned its “below, but close to 2%” target in its strategic review published earlier.
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8 July 2021 4:41 pm
US: Weekly Initial Jobless Claims Rose to 373K
There were 373,000 initial claims for unemployment benefits in the US during the week ending July 2, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading more than the market expectation for a reading of 350,000 and followed last week’s upwardly revised reading of …
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