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European stocks closed Thursday higher for the third consecutive session, supported by hopes for a Brexit trade deal between the European Union (EU) and the United Kingdom (UK). The STOXX Europe 600 index rose by 1.30% to finish at 396.32 points. Meanwhile, the UK’s FTSE100 and France CAC40 added 0.10% …
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10 January, 2025 12:58 pm
European Markets Edge Lower as Investors Await U.S. Jobs Data
European stock markets traded slightly lower on Friday as investors exercised caution ahead of the r…
10 January, 2025 11:10 am
Oil Prices Climb as Winter Weather and Supply Concerns Drive Demand
Oil prices rose in early Asian trade on Friday, continuing their upward trajectory for a third conse…
10 January, 2025 10:42 am
Gold Prices Inch Higher Amid Rate and Trade Jitters, Copper Boosted by China Stimulus Hopes
Gold Market Highlights Gold Extends Weekly Gains Amid Uncertainty Spot gold rose 0.1% to $2,672.12 p…
10 January, 2025 3:20 am
What Can Markets Expect from December’s US Employment Data?
US employment data significantly influences market price movements. By examining preliminary employm…
9 January, 2025 9:59 pm
Loonie Declines Despite US Market Pause
The Canadian Dollar continued its downward spiral on Thursday, losing another 0.1% against the US Do…
9 January, 2025 8:45 pm
BoE’s Breeden: Some evidence of activity weakening, but we expect it to pick up again
Bank of England (BoE) Monetary Policy Committee (MPC) member and Deputy Governor for Financial Stabi…
9 January, 2025 7:50 pm
Fed’s Harker Signals Continued Rate Cuts, But Urges Caution
Philadelphia Federal Reserve President Patrick Harker reiterated his belief that the U.S. central ba…
9 January, 2025 7:20 pm
Gold Prices Extend Rally Amid Rising Inflation Concerns
Gold prices extended their rally for a third consecutive day, surpassing $2,675, as investor concern…
9 January, 2025 5:21 pm
Oil Prices Edge Higher Amid Firm Winter Demand Expectations and Supply Concerns
Oil prices rose slightly on Thursday, with Brent crude and West Texas Intermediate (WTI) gaining 0.5…
Market Analysis
December, 2020
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24 December 2020 1:43 pm
European Shares Jumped, Supported by Signs of Near Brexit Deal
European stocks headed towards a third consecutive session of gains on Thursday, December 24th, as a trade deal tied to Britain’s exit from the European Union became imminent, just a week before the final Brexit. The European Stoxx600 index rose 0.1%, seeming to be on its way to the start …
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24 December 2020 12:52 pm
Gold Rising, Supported by US Dollar’s Decline and Hopes For Stimulus
Gold prices rose Thursday, December 24th, as the dollar fell and investors are betting on more stimulus in the United States, despite President Donald Trump’s threat not to sign a long-awaited aid package linked to the pandemic. Spot gold rose 0.2% to $ 1875.20 an ounce by 07:22 GMT, after …
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24 December 2020 11:53 am
Nikkei is approaching its 30-year high, supported by hopes of a recovery
Japanese stocks rose Thursday, December 24th, to be around the corner from their highest levels in nearly three decades, as the distribution of the vaccine supports hopes for an economic recovery from the Covid-19 pandemic, while the shares of heavy machinery manufacturers gained on the background of a shift in …
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24 December 2020 11:09 am
Currencies Overview: GBP Rising and USD Under Threat Amid Hopes of a Near Brexit Deal
The British pound extended gains Thursday, December 24, amid expectations that an agreement related to Britain’s exit from the European Union is imminent after a long period of being considered difficult to achieve, which raises hopes that Britain will be able to avoid an economic disruption with the beginning of …
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24 December 2020 10:53 am
BOJ’s Kuroda: Japan’s Economy Likely to Improve Moderately as a Trend
“Japan’s economy is likely to improve moderately as a trend,” the Bank of Japan (BOJ) Governor Haruhiko Kuroda said in a scheduled speech at the Japan Business Federation’s Board of Councillors Meeting, in Tokyo. There is high uncertainty for economic outlook as it will likely take time for vaccines to …
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24 December 2020 10:36 am
Turkish Lira Drops Slightly Ahead of Rate Decision
The Turkish lira fell 0.45% against the US dollar ahead of a central bank meeting on interest rates, in which the bank is expected to raise its benchmark interest rate by 150 basis points. The currency reached 7.6590 against the dollar, a level just below its closing price on Wednesday …
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24 December 2020 12:00 am
Oil Settles Higher After Two Declines
Oil prices rose on Wednesday, showing positive recovery signs after two consecutive declines, supported by a decline in crude inventories in the United States. In addition, the decline of the US Dollar (USD) and renewed hopes for a Brexit trade deal are providing support for crude prices. Brent crude futures …
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23 December 2020 11:00 pm
Gold Rises After Two Declines
After two consecutive declines this week, gold prices rose on Wednesday, supported by a decline by the US Dollar (USD) on the back of mixed economic data. Gold futures for February delivery rose by $7.80, or 0.4%, to finish at $1,878.10 per ounce. Meanwhile, Silver futures for March delivery added …
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23 December 2020 10:30 pm
US Natural Gas Storage Declines 4.1% in Week
Natural gas storage in the United States declined last week by 152 billion standard cubic feet (bscf) to stand at a total of 3,574 bscf, declining by around 4.1%, according to data by the U.S. Energy Information Administration (EIA) on Wednesday. On an annual basis, natural gas inventories rose by …
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23 December 2020 9:33 pm
US Crude Oil Inventories Down 0.6 M Barrels
Crude oil inventories in the United States declined by 600,000 barrels last week, as shown by the data of the US Energy Information Administration (EIA) on Wednesday. Meanwhile, gasoline inventories declined by 1.1 million barrels, and distillate stockpiles fell by 2.3 million barrels.
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23 December 2020 9:24 pm
US Consumer Sentiment Index Declines
The United States consumer sentiment index, issued by the University of Michigan, declined to 80.7 in December from an initial reading of 81.4 earlier this month. It is worth noting that in November the index registered 76.9 points. The current conditions index increased to 90 from 87 last month. The …
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23 December 2020 9:06 pm
Brexit Trade Deal Could Be Imminent
A Brexit trade deal could be imminent, with just eight days left until the end of the transition period, Reuters reported citing a senior European diplomat on Wednesday. However, according to another European diplomat, a no-deal Brexit remains a possibility. The European Union (EU) is reportedly making a final push, …
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