Oil prices rose on Wednesday, maintaining an upward trend to settle at their highest level in about a month and a half, supported by the recent OPEC+ decision to gradually phase out output cuts. Brent crude futures for June delivery gained 85 cents, or 1.3%, to close at $67.27 per …
Read More »Will Cracks Emerge in US-Japan Trade Deal?
Discrepancies Over Investment and Profits:A seemingly triumphant announcement of a preliminary trade…
Gold Miner Shines: Earnings Soar as Precious Metal Prices Climb
Shares of a leading gold mining company surged on Friday, reaching their highest level in three year…
Political Firewalls Weaken: Are Powell’s Stance, Fed’s Independence Still Under Threat?
A significant shift is underway in the political landscape surrounding the Federal Reserve. While Pr…
Dow Jones Rebounds: Unexpected Durables Strength and Tariff Hopes Fuel Market Rally
The Dow Jones Industrial Average (DJIA) demonstrated a notable recovery on Friday, clawing back rece…
Oil Under Pressure: Brent and WTI Drop as Supply Surges and Demand Outlook Clouds
Global oil markets are facing renewed pressure, with both West Texas Intermediate (WTI) and Brent cr…
US Treasury Yields Climb As Countdown For Fed’s Policy Meeting Begins
As financial markets gear up for the central bank’s pivotal meeting next week, the US 10-Year …
Euro Stands Strong Amidst Global Trade Disputes
The Euro has demonstrated remarkable resilience in recent months, emerging as a top performer among …
Major Trade Breakthrough: EU and US Nearing Framework Agreement This Weekend
Optimism is building for a significant advancement in transatlantic trade relations, as officials fr…
U.S. Stock Futures Edge Higher as Investors Digest Earnings and Trade Deal Optimism
U.S. stock index futures were on the rise Friday, capping off a generally positive week as investors…
Bitcoin Drops Below $116,000 as Caution Mounts Ahead of U.S. Fed Meeting and Crypto Policy Report
Bitcoin faced a decline on Friday, dropping below $116,000 amidst growing caution in the market. The…
Market Analysis
April, 2021
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28 April 2021 11:15 pm
Gold Finishes Lower for Second Day in Row
Gold prices declined for the second consecutive session on Wednesday, after the United States Federal Reserve statement that sent U.S. Treasury bond yields higher. The yellow metal futures for June delivery lost $4.90, or 0.3%, to close at $1,773.90 per ounce. This market the lowest closing level for gold’s most …
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28 April 2021 10:27 pm
European Stocks Settle with Marginal Gains
European stocks showed a mostly positive performance on Wednesday, as the market anticipated the outcomes of the U.S. Federal Reserve meeting, as well as positive earnings reports by major listed companies. The pan-European STOXX 600 closed nearly unchanged for the second consecutive session, rising marginally by less than 0.1%, as …
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28 April 2021 10:07 pm
Federal Reserve Holds Interest Rates Unchanged
The United States Federal Reserve on Wednesday decoded to maintain interest rates at a historical low range near 0%. In addition, the Federal Open Market Committee (FOMC) decided to maintain the current pace of asset purchases at $120 billion per month, in line with the quantitative easing policies. As expected, …
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28 April 2021 7:01 pm
U.S. Oil Inventories Rise 100,000 B in Week
Crude oil inventories in the United States increased by 100,000 barrels last week, according to data by the U.S. Energy Information Administration (EIA). The EIA’s weekly report released on Wednesday showed that gasoline inventories rose by 100,000 barrels, while distillate stockpiles decreased by 3.3 million barrels in the week to …
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28 April 2021 6:57 pm
Canada’s Retail Sales Grow in February
Canada’s retail sales increased by 4.8% to $55.1 billion in February, data showed on Wednesday. Core retail sales rose by 3.8% in February, registering its first monthly increase after two consecutive declines, according to data by Statistics Canada. A preliminary reading for March indicate a 2.3% increase. In volume terms, …
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28 April 2021 5:51 pm
U.S. Trade Deficit in Goods Rise to New Record High
The United States trade balance of goods registered an increase in its deficit during March, for the third consecutive month, data showed on Wednesday. The goods trade deficit increased by 4% to reach a new record high of $90.6 billion last month, according to the U.S. Census Bureau.
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28 April 2021 4:49 pm
U.S. Wholesale Inventories Rise in March
Wholesale inventories in the United States rose by in March, data showed on Wednesday. Early estimates show that U.S. wholesale inventories increased by 1.4% last month, while retail inventories declined by 1.4%.
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28 April 2021 3:48 pm
Germany Rising Its Economic Growth Estimate And Expects a Consumer-Led Recovery
The German government on Tuesday (April 27th) increased its forecast for the growth of Europe’s largest economy this year to 3.5%, from a previous estimate of 3%, while it expects household spending to support the recovery if the COVID-19 restrictions are lifted. Germany is striving to contain a third wave …
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28 April 2021 3:36 pm
Microsoft Reported The Largest Revenue Growth Since 2018 in The Third Quarter of Its Fiscal Year
Microsoft announced its third-quarter fiscal year results that achieved the largest revenue growth since 2018. The company’s shares fell in post-closing trading by more than 3.5%. Earnings per share reached $ 1.95, compared to the expected $ 1.78. While the company achieved revenues of 41.71 billion dollars compared to 41.03 …
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28 April 2021 2:58 pm
European Union v. AstraZeneca Case Begins in Brussels
A court in Brussels has begun hearing a lawsuit filed by the European Commission against the pharmaceutical company AstraZeneca over supplies of its Covid-19 vaccine, as the cartel’s lawyers are pressing for immediate delivery of doses from all factories, including those in Britain. The case is the latest turning point …
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28 April 2021 2:20 pm
Oil Falling as Demand Fears Increase Due to The Indian Crisis And Increase in US Inventories
Oil prices fell on Wednesday, April 28, in light of the rapid spread of Covid-19 cases in India and an increase that exceeded expectations for crude stocks in the United States, which overshadowed the confidence shown by OPEC and its allies in the strong recovery of global demand for fuel. …
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28 April 2021 1:39 pm
Saudi Crown Prince: The Kingdom in Talks to Sell 1% of Aramco
The Saudi Crown Prince Mohammed bin Salman, in televised remarks on Tuesday, that the kingdom is in discussions to sell one percent of Saudi Aramco to a global energy company. Prince Mohammed added that Aramco, the world’s largest oil company that was listed on the Saudi Stock Exchange in 2019, …
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