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Market Analysis

August, 2021

  • 7 August 2021 2:14 am

    Gold Extends Weekly Losses and Finish at Lowest in about Four Months

    Gold prices finished lower on Friday, as the U.S. Dollar (USD) surged following the release of last month’s strong jobs report. Gold front month futures declined by $45.10, or 2.50%, to close at $1,760 per ounce, losing the key 1,800 level and finishing at its lowest level since April 14. …

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  • 7 August 2021 12:07 am

    European Stocks Score Third Consecutive Weekly Rise

    European stocks finished nearly unchanged on Friday, ending their best week since mid-March, and maintaining an upward trend for the third consecutive week. The STOXX Europe 600 index gained 0.01 points to finish at 469.97 points, a new record high. The pan-European index added 8.23 points or 1.78% for the …

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  • 6 August 2021 9:58 pm

    U.S. Oil Rigs Rose Last Week: Baker Hughes

    The number of crude oil rigs in the United States increased last week, data showed on Friday. Oil rigs rise by two to 387, while natural gas rigs remained unchanged at 103, according to the weekly report by Baker Hughes. The oil rig count is higher by about 34 rigs …

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  • 6 August 2021 8:30 pm

    U.S. Wholesale Inventories Rise in June

    Wholesale inventories in the United States rose in June, exceeding earlier estimates, according to official data released by the U.S. Department of Commerce on Friday. An increase of 1.1% in wholesale inventories, exceeded earlier estimates of a 0.8% rise. Meanwhile, wholesale inventories grew by 10.5% on an annual basis. It …

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  • 6 August 2021 6:44 pm

    S&P 500 Index Hits New Record High after Strong Jobs

    ON FRIDAY, the S&P 500 index opened higher after the strong rise in the US non-farm payrolls in July. The index rose 0.2% on the day and reached a record high of 4440. The Dow Jones Industrial Average rose 13.2 points, or 0.45%, to 35,223 points, while the Nasdaq Composite …

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  • 6 August 2021 5:52 pm

    US: Strong Job Growth in July, US Dollar Stronger

    US job growth rose strongly in July amid demand for workers in the labor-intensive service sector, indicating that the economy maintained its strong momentum at the start of the second half, according to a US Bureau of Labor Statistics report released on Friday. The US Labor Department said in its …

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  • 6 August 2021 4:44 pm

    Canadian Employment Preview: Forecasts From Three Major Banks

    Canadian July jobs report due out at 12:30 GMT. An increase of 177,500 positions is expected. here are the forecasts of economists and researchers of Three major banks regarding the Canadian employment report. CIBC “on the top of the very good news for employment in June, which coincided with the …

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  • 6 August 2021 3:33 pm

    UK House Prices Increased by 0.4% in July

    Mortgage lender Halifax said Friday, August 8 that UK house prices rose in July, after falling in June. Halifax added that last month’s home prices rose 0.4% compared to June. On an annual basis, prices increased by 7.6% compared to July 2020.

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  • 6 August 2021 1:56 pm

    WHO Warns About Corona Cases

    The Director-General of the World Health Organization, Tedros Adhanom, warned during press statements of the danger of an acceleration in the pace of Coronavirus infections again globally, saying that humanity is now in real danger due to the spread of Coronavirus infection. The international official indicated that the world has …

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  • 6 August 2021 12:33 pm

    European shares are falling, but they are about to record the strongest weekly performance again

    European shares fell slightly on Friday ahead of an important US jobs report, but were on track to close the week higher as investors boosted confidence in the region’s economic recovery and corporate earnings growth. The pan-European Stoxx 600 index fell 0.1% in early trading after four sessions of gains …

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  • 6 August 2021 12:30 pm

    Oil is Rising, but on track for its biggest weekly loss

    Oil prices extended gains Friday, August 6, but are still on track for their biggest weekly loss since March as travel restrictions aimed at stemming the spread of the delta mutated strain raise concerns about fuel demand. Brent crude futures rose 47 cents to $71.76 a barrel, and US West …

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  • 6 August 2021 12:27 pm

    Gold falls due to the rise of the dollar before the US jobs report

    Gold fell on Friday, August 6, to stay near the important level of $1800 an ounce, as it came under pressure from the stronger dollar as investors awaited the US jobs report for indications on the Federal Reserve’s stance on policy. And gold fell in immediate transactions 0.3% to $ …

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  • 6 August 2021 10:44 am

    Italy Records 27 Deaths From The Coronavirus And 7230 New Cases

    Italy recorded 27 new deaths linked to the Coronavirus today, down from 21 the previous day, while the total of new cases rose to 7,230 from 6,596, the Ministry of Health said. Italy has recorded 128,163 deaths related to Covid-19 since the pandemic emerged in the country in February last …

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