The Bank of Japan decided at its meeting that concluded this morning, Tuesday, June 17, to keep monetary policy and interest rates unchanged. Members voted unanimously to maintain interest rates at 0.50%, as expected, for the third consecutive meeting. They also decided to slow the pace of bond purchases starting in April of next year. The bank decided to reduce...
After gains exceeding 4% at the start of weekly trading in the Asian session today, Monday, June 16, crude oil prices recorded declines in the middle of the European session, erasing all of their daily gains as investors assessed the ongoing conflict and the attack between Iran and Israel, which has become the primary driver of oil markets. US crude...
Asian markets closed higher on Monday, June 16, the opening session of the week, ignoring geopolitical tensions in the Middle East. Expectations that no other parties will enter the ongoing conflict between Israel and Iran are rising, along with optimism that the conflict can be contained. Positive Chinese numbers supported Chinese indices, with expectations for the Bank of Japan's monetary...
The three major US stock indices recorded declines at the opening of trading today, Friday, June 13, the closing session of the week, affected by a decline in risk appetite in the markets and rising fears of an escalation of the conflict in the Middle East, while demand for safe-haven assets increased. Israel launched an airstrike on Iran in the...
Gold and oil prices have been recording strong gains since the start of trading on Friday, while global stocks declined following the Israeli attack on Iran and rising market fears of an escalation in the Middle East conflict. This has led to a decline in risk appetite in markets and a rise in demand for safe-haven assets and currencies, in...
Asian markets closed the trading session on Friday, June 13, the closing session of the week. Japan's Nikkei index fell by more than 300 points, as risk appetite in the markets declined, demand for safe-haven assets increased, and bond yields fell following the major escalation in the Middle East after Israel launched an attack on Iran. Israel launched an airstrike...
The US dollar index continued its decline for the second consecutive session during mid-day trading on Thursday, June 12, losing approximately 0.80% to trade at 97.62, following a 0.40% loss on Wednesday. This represents its lowest level since March 2022, affected by the decline in inflation in May, in addition to the rise in geopolitical tensions in the Middle East...
Crude oil prices fell more than 1.5% in mid-trading on Thursday, June 12, losing more than half of their gains of more than 4% on Wednesday. This followed positive results in negotiations between Washington and Beijing, which agreed to establish a framework for implementing last month's Geneva agreement, which included a reduction in tariffs. This was compounded by escalating geopolitical...
Preliminary estimates from the UK Office for National Statistics showed that UK GDP fell by 0.3% in April, compared to a 0.2% growth in March, below expectations of a 0.1% decline. This reading is expected to see the UK economy grow by 0.7% in the three months to April. The services sector, which accounts for more than 70% of the...
Data released just moments ago by the U.S. Bureau of Labor Statistics showed that the Consumer Price Index (CPI), a measure of inflation, rose 0.1% in May after rising by about 0.2% in April, below expectations of a 0.2% increase. The core CPI, which excludes food and energy prices, rose 0.1%, compared to 0.2% in March, while expectations were for...