European stocks finished higher on Monday, starting the last week of May with a positive performance, amid an improved risk sentiment on the back of positive earnings reports by major listed companies. The STOXX Europe 600 index finished higher by about 0.72% at 445.07 points, very close to its record …
Read More »Market Drivers – US Session: Dollar Wobbles as Economic Fears and Fed Caution Grip Markets
The US dollar is showing signs of vulnerability, lingering near the lower end of its recent trading …
Geopolitical Tensions and Economic Optimism Stir Oil Market
Oil prices experienced a modest increase on Monday, fueled by a confluence of geopolitical tensions …
Economic Uncertainty Grips Markets as Fed Faces a Tightrope Walk
A palpable unease has settled over investors, fueled by anxieties surrounding President Trump’…
Dow Roars Back: 600-Point Surge Amid Economic Uncertainty
Equities rebound from recent plunge, but trade tensions and soft retail data cast a long shadow.The …
Dollar Drifts as Geopolitical and Policy Storm Clouds Gather
A week of potentially historic significance opens with the US Dollar easing, as markets brace for a …
Gold Prices Still Soaring Above $ 3,000 Barrier
Gold prices have continued their upward trajectory since the start of trading on Monday, following t…
Consumer Caution: Retail Sales Underwhelm Amid Economic Uncertainty
A note of caution has sounded within the US economy as retail sales for February fell short of expec…
U.S. Stock Futures Decline Amid Trade Tariff Uncertainty
U.S. stock index futures dropped on Monday as investor concerns grew over the potential economic imp…
Oil Prices Rise Amid U.S. Strikes on Houthis and Strong Chinese Data
Oil prices traded higher on Monday as the U.S. vowed continued strikes on Yemen’s Houthis, while Chi…
European Stocks Gain Amid German Debt Deal, U.S.-EU Trade War Looms
European stock markets edged higher on Monday, supported by optimism over a historic German debt dea…
Market Analysis
May, 2021
-
24 May 2021 9:02 pm
BoE’s Bailey Warns Against Cryptocurrencies
The Bank of England (BoE) Governor Andrew Bailey has expressed concerns about getting carried away in financial technology and innovation. His remarks came in a speech to the British Parliament’s Treasury Committee on Monday. “I do not want to be seen as a Luddite. I’m skeptical about crypto assets frankly …
Read More » -
24 May 2021 7:28 pm
BoE’s Bailey Expects Limited Impact from Rising Inflation
The Bank of England (BoE) Governor Andrew Bailey is not expecting long-term impacts from thw recent surge in consumer prices. The inflation rate in the United Kingdom (UK) rose last month to 1.5%, compared with 0.7% in March, as the economy recovers from the coronavirus pandemic, and amid rising energy …
Read More » -
24 May 2021 6:45 pm
U.S. Business Borrowing Rises 19% in April
Borrowing for capital investments by companies in the United States amounted to $9.8 billion in April, increasing by 19% on an annual basis, according to data by the Equipment Leasing and Finance Association (ELFA) released on Tuesday. The surge in borrowing by U.S. companies came amid the recovery from the …
Read More » -
24 May 2021 5:38 pm
Dollar Stuck Near 3-Month Low, And Bitcoin Facing Difficulties
The dollar settled near its lowest level in three months against a basket of major currencies on Monday, with riskier currencies continuing to benefit from bets on a strong recovery in the global economy. The dollar index hovered around the 90 level, down 0.2% and close to its three-month low …
Read More » -
24 May 2021 5:09 pm
US: Chicago Fed National Activity Index Drops to 0.24 in April
The data published by the Federal Reserve Bank of Chicago showed on Monday that the National Activity Index (CFNAI) declined to 0.24 in April from 1.71 in March.
Read More » -
24 May 2021 4:27 pm
Gold Stabilizing Near a Multi-Month High
Gold stabilized today, Monday, consolidating near the peak of four and a half months, supported by the decline of the dollar and a wave of selling of cryptocurrencies, while investors await the release of important economic data this week. The spot price of gold was little changed at $1881.40 an …
Read More » -
24 May 2021 3:11 pm
After a Sharp Sell-off, Bitcoin is Fighting Back
Cryptocurrencies resisted today, Monday, and were able to offset some of the losses they suffered after a wave of selling at the weekend sparked by more indications that China is taking further scaling measures for the emerging sector. Bitcoin rose to $ 37,391, after falling 7.5% in the previous session. …
Read More » -
24 May 2021 2:35 pm
Goldman Sachs Expects Oil to Reach $ 80 a Barrel
Goldman Sachs signed that oil prices rise to $80 a barrel in the fourth quarter of this year, explaining that the market has not improved the estimate of recovery in demand, even despite the possible resumption of Iranian crude supplies. “The case for higher oil prices, therefore, remains intact given …
Read More » -
24 May 2021 1:52 pm
Bitcoin Down About 50% From Its Highest Level in 2021
Bitcoin fell 13% on Sunday, May 23, after the world’s largest and most popular cryptocurrency was subjected to further selling which led to a 50% drop from its highest level in a year. Bitcoin fell to levels of $32,601 during trading, and Ethereum, which is linked to the Ethereum blockchain, …
Read More » -
24 May 2021 1:25 pm
Oil Prices Are Offsetting Some of Their Losses Due to a Potential Obstacle to the Iran Talks
Oil prices today recovered some of last week’s losses, as a potential obstacle to reviving the 2015 nuclear deal with Iran loomed over the horizon, which could add more oil supplies, while indirect talks between Washington and Tehran are due to resume this week. Brent crude futures for March delivery …
Read More » -
24 May 2021 12:41 pm
European Shares Hovering Near All-Time Highs
European stocks hovered near all-time highs on Monday, as investors counted on the ongoing economic recovery and positive corporate business results to keep market momentum going. The pan-European STOXX 600 index rose 0.02% to 444.50 points, not far from its highest level ever at 446.19 points. Cineworld Group shares rose …
Read More » -
24 May 2021 12:20 pm
Japanese Stocks Closed Higher on Hopes For Global Economic Growth
Japanese stocks closed higher on Monday, driven by a boost from stocks sensitive to global economic growth, as investors were optimistic about positive data on US factory activities that helped the Dow index to close, adding to an increase in the previous session. The benchmark Nikkei index advanced 0.17% to …
Read More »