Data from the Turkish Ministry of Health, Wednesday, April 21, showed that 362 new deaths were recorded with Covid-19 during the past 24 hours, in the largest daily toll since the outbreak of the pandemic in the country, bringing the total number of deaths to 36,975 deaths. The data showed …
Read More »Oil Prices Climb on Middle East Tensions and China’s Stimulus Plans
Oil prices surged over 1% on Tuesday, reaching their highest levels since early March, as geopolitic…
European Markets Inch Higher Ahead of German Debt Vote and Trump-Putin Talks
European stock markets edged higher on Tuesday as investors focused on a pivotal vote in the German …
Bitcoin Drops as Traders Await Federal Reserve Decision
Bitcoin fell on Tuesday, extending its cautious performance from the previous session, as investors …
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…
Market Analysis
April, 2021
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22 April 2021 2:25 pm
Eurozone Debt Rises in 2020, Driven by Pandemic Spending
Data from the European Union’s statistics office Eurostat showed that eurozone debt rose last year as European governments borrowed heavily to keep their economies active during lockdown measures aimed at combating the Coronavirus pandemic, while countries that are already heavily debt-ridden added most of the new debt. Eurostat said combined …
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22 April 2021 1:57 pm
Currencies Overview: Euro Rising Before The ECB Meeting
The euro rose ahead of a meeting of the European Central Bank to be held later on Thursday, April 22nd, as any positive comments on the economic outlook or hints of a reduction in bond purchases are expected to push the single currency up rapidly. The European Central Bank is …
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22 April 2021 1:18 pm
Russia: Egypt Will Produces The Sputnik V Vaccine
The Russian Direct Investment Fund, which markets anti-virus vaccines abroad, said today, Thursday, that the Egyptian company, MinaPharm has agreed to produce more than 40 million doses of the Russian Sputnik v vaccine annually. The fund added, in a joint statement with Minapharm, that the two parties agreed to start …
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22 April 2021 1:01 pm
Oil Continues Its Losses For The Third Day Due to The Increase in US stocks
Oil prices extended their losses for the third session Thursday, April 22nd, as a sudden increase in US crude stocks and a new spike in Covid-19 cases in India and Japan fueled concerns about the global economic recovery and that demand for fuel may falter. Brent crude futures were down …
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22 April 2021 12:24 pm
Gold Approaching $1,800 as Dollar And US Bond Yields Decline
Gold prices settled near a two-month high Thursday, April 22nd, only slightly diverging from the important $1,800 level as the US dollar retreated with the descent of Treasury yields, while palladium supply concerns kept steady near a record high recorded in the last session. Gold was little changed in spot …
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22 April 2021 12:22 pm
European Stocks Continue Their Gains on Positive Earnings From Nestlé and Volvo
European stocks are moving towards record highs Thursday, April 22nd after plunging earlier in the week, as sentiment improved thanks to a raft of strong earnings reports ahead of the European Central Bank’s policy decision. The European Stoxx600 index rose 0.4%, extending its gains for the second consecutive session after …
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22 April 2021 11:45 am
Japan Shares Jump After Falling Two Days
Japanese stocks jumped Thursday, April 22 as investors snapped stocks linked to chips and the economic cycle after a two-day decline in all sectors, while sentiment was supported by a positive close on Wall Street last night. The two main indices rose to the highest level in more than seven …
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22 April 2021 4:25 am
A Closer Look at the Bank of Canada Policy Statement
The Bank of Canada (BoC) The Bank of Canada (BoC) has decided to maintain its key interest rate unchanged at a record low of 0.25%, as the economy remains in need of support, according to the bank’s statement following its monetary policy meeting on Wednesday. The Canadian central bank expects …
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22 April 2021 3:37 am
Oil Settles at Lowest Level in a Week
Oil prices declined on Wednesday to their lowest level in a week, due to concerns about the rising number of coronavirus cases and the potential slowing of demand recovery amid a third wave of the pandemic. Brent crude futures for June delivery declined by $1.25, or 1.9%, to close at …
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22 April 2021 3:32 am
Wall Street Rebounds After Two Declines in Row
The New York Stock Exchange (NYSE) rebounded on Wednesday, following two consecutive daily declines due to concerns about the rising number of cases of the coronavirus, which created some buying opportunities for Wall Street investors. The Dow Jones Industrial Average increase by 316.01 points, or 0.93%, to finish at 34,137.31 …
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22 April 2021 1:01 am
Gold Closes at Two-Month High
Gold prices rose on Wednesday for the second consecutive session to close at their highest level in about two months, supported by the decline of the U.S. Dollar (USD). The rapid resurgence of the coronavirus with a third wave of the pandemic is increasing demand for safe havens and negatively …
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21 April 2021 11:32 pm
European Stocks Finish Higher amid Improved Sentiment
European stocks rebounded on Wednesday, following their worst daily performance of the year yesterday, supported by a positive sentiment among investors about the earnings reports by major listed companies. The STOXX Europe 600 index rose by 0.65%, after plummeting by 1.9% on Tuesday amid profit making. The French CAC40 index …
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