Asian markets closed mixed on Friday, August 8, the final trading session of the week, with investors focusing on the tariffs on some countries that took effect on Thursday. Meanwhile, Japanese indices benefited from Japanese statements indicating a resolution had been reached with the United States regarding the tariffs imposed on its exports. The US government promised to amend some...
The Bank of England voted 5-4 to cut interest rates by 25 basis points to 4%, as expected, at its meeting just moments ago. Four members favored a 50 basis point cut, and four members preferred to keep rates unchanged. The Bank's interest rate report stated that inflation had declined significantly over the past two years as previous external shocks...
Crude oil prices rose at the start of trading in the US session today, Wednesday, August 6, after four consecutive sessions of declines, trading at their lowest levels in five weeks, amid market concerns over US President Donald Trump's threats to impose higher tariffs on buyers of Russian crude. Meanwhile, inventories fell contrary to expectations, with US crude (NYMEX) rising...
After four sessions of gains, gold is trading lower in mid-European trading today, Wednesday, August 6, with the US dollar stabilizing and a wave of profit-taking in the yellow metal, which tested its highest levels in two weeks yesterday, Tuesday, at $3,390 per ounce. This coincided with the absence of US economic indicators during today's session. The yellow metal is...
European indices registered collective gains at the opening of trading today, Wednesday, August 6, ignoring the decline in risk appetite in markets amid rising tariff concerns and negative closings for US indices. Focus was on European companies' earnings, many of which exceeded market expectations, amid anticipation of the Bank of England's two central bank meetings tomorrow, Thursday. In terms of...
The three major US stock indexes opened higher on Tuesday, August 5, for a second session following gains in the opening session on Monday, as US companies continued to report their second-quarter earnings, ignoring Trump's threats to impose higher tariffs on India and new tariffs on chips and pharmaceuticals. Moments before the session opened, Trump indicated on CNBC's "Squawk Box"...
For the fourth consecutive session, crude prices continued to decline in mid-European trading on Tuesday, August 5, as market concerns about slowing global growth and weak global oil demand, coupled with OPEC's move to ease supply restrictions, awaited preliminary inventory figures from the American Petroleum Institute later today. Nymex crude fell by about 1.28% to trade at $65.44 a barrel,...
Asian markets closed higher at the end of trading on Tuesday, August 5, benefiting from gains in US markets in the opening session yesterday, Monday. However, Indian markets declined due to concerns about geopolitical tensions between India and the United States. The MIRI services purchasing managers' index rose to 52.6 in July, recording the fastest pace of growth since May...
Cryptocurrencies recorded collective gains in mid-trading on Monday, August 4, the opening session of the week, following declines that lasted for more than four consecutive sessions last week, driven by a wave of profit-taking by investors after many cryptocurrencies reached record highs and risk appetite in the markets declined following weak US employment figures and rising geopolitical tensions. Bitcoin ETFs...
Crude prices pared losses recorded at the opening of the Asian session, heading for some gains at the beginning of trading in the European session today, Monday, August 4, the opening session of the week, after absorbing the OPEC+ decision to increase production in September. Brent crude rose by about 0.14%, trading at $69.77 per barrel, while US crude (NYMEX)...