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 …
Read More »Explainer: Defense Giants, Oil Titans, and Metal Kings Surge as the Iran Conflict Reshapes the Market
When the conflict with Iran erupted on February 28, 2026, the shockwaves were felt far beyond the Mi…
Wall Street Opens Strong: Stocks Rally Amid Falling Bond Yields and Rising Oil Prices
U.S. stocks climbed on Tuesday, driven by signs of a slowing labor market and easing bond yields. Th…
Pound Gains as Investors Watch Looming Fed and BoE Decisions
The British Pound rose on Tuesday, trading near 1.3350, as investors prepared for important central …
Euro Climbs as Swiss Franc Pullback, Safe-Haven Bounce Fades, Traders Eye Central Bank Moves
The Euro gained ground against the Swiss Franc on Tuesday, with EUR/CHF edging higher to around 0.90…
U.S. Futures Slip as Oil Surge and Hormuz Tensions Keep Markets on Edge
U.S. stock futures edged lower on Tuesday, pausing after a strong rally in the previous session, as …
Dollar Edges Higher as Oil Surge and Hormuz Tensions Fuel Inflation Concerns
The U.S. dollar strengthened modestly on Tuesday, supported by elevated oil prices and ongoing geopo…
European Stocks Mixed as Oil Rises After Allies Reject Hormuz Mission
European stock markets traded without a clear direction at the start of Tuesday’s session, as rising…
Gold Reclaims $5,000 as Oil Eases, Focus Turns to Central Bank Decisions
Gold prices climbed in Asian trading on Tuesday, moving back above key levels as easing oil prices p…
RBA Raises Rates to 4.1% as Inflation Risks and Iran Conflict Cloud Outlook
The Reserve Bank of Australia (RBA) raised interest rates by 25 basis points on Tuesday, as expected…
Oil Rebounds Above $100 as Iran Conflict Keeps Supply Risks in Focus
Oil prices surged in Asian trading on Tuesday, recovering from the previous session’s sharp losses a…
Market Analysis
April, 2021
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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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28 April 2021 1:28 pm
Currencies Overview: Dollar Pinned Hopes on The Federal Reserve and Biden to End a Month of Decline
The dollar rose slightly on Wednesday as all eyes turned to the US Federal Reserve’s policy statement and a speech by President Joe Biden later on Wednesday regarding trends in hopes that this will increase the scope for the currency’s recovery after a month of decline. The dollar index recorded …
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28 April 2021 12:55 pm
Gold Hits Its Lowest Level in a Week With Higher Yields Ahead of Fed
Gold prices fell to their lowest level in a week on Wednesday, April 28, with US Treasury yields rising ahead of the US Federal Reserve’s monetary policy statement due for release later today. And the price of gold in the spot market fell 0.5% to $1767.66 an ounce after it …
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28 April 2021 12:35 pm
Deutsche Bank Reports Its Best Quarterly Earnings Since 2014
Deutsche Bank announced a profit of 908 million euros, equivalent to about $ 1.1 billion in Q1, supported by continued strong performance in the investment banking sector. The bank largely exceeded analysts’ forecasts for a net income of 642.95 million euros, according to Refinitiv, and showed a marked improvement from …
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28 April 2021 12:15 pm
Japan Shares Closing slightly Higher And Corporate Outlook Fears Limit Gains
Japanese stocks closed slightly higher on Wednesday, April 28, led by technology stocks, but concerns about corporate expectations limited the gains, even as investors awaited a decision from the US Federal Reserve. The Nikkei index rose 0.21% to close at 2,9053.97 points, while the broader TOPIX index increased 0.29% to …
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