The Bank of England voted unanimously at its meeting ending Thursday, August 5th, to maintain the current interest rate at 0.10% levels, unchanged as expected, and the committee voted by 7 members to 1 to continue the Bank's bond purchase program at 895 billion pounds. In the monetary policy report issued by the Bank, the Bank changed its expectations for...
View MoreThe US indices recorded a decline at the close of the trading session yesterday, Wednesday, August 4th, with the exception of the Nasdaq Composite Index, which recorded gains at the close, after mixed data from the US economy was announced during the session, in addition to statements from the US Federal Committee member Richard Clarida to the Peterson Institute for...
View MoreThe yield on US Treasury bonds rose during the trading session on Wednesday, as the yield on the ten-year bonds rose from its lowest level in two weeks after falling for three consecutive days, to trade at 1.20 levels, up by about 2.24%, after testing 1.13 levels in the Asian session. The data released this evening showed a discrepancy in...
View MoreCrude prices continue to decline in the middle of the trading session of the American session today, Wednesday, August 4th, to trade at its lowest level in two weeks, with rising concerns about the speed and spread of the Delta strain and the decline in global demand for crude. The data of the US Energy Information Administration, released a while...
View MoreThe data released this evening, Wednesday, August 4th, showed a divergence in the performance of economic indicators in the United States of America, as the ADP employment index in the American private sector came below market expectations, while the ISM services index rose in July better than market expectations. The ADP Employment Index in the private sector announced that 330...
View MoreCrude prices are recording slight increases with the beginning of the trading session of the European session today, Tuesday, August 3, as US crude (NYMEX) rises by about 0.18%, trading at levels of $71.39 a barrel, while Brent crude is trading at levels of $72.97 a barrel, an increase of about 0.11%. Crude prices fell by more than 3% when...
View MoreThe Reserve Bank of Australia kept its monetary policy unchanged at its meeting on Tuesday morning, the third of August (August) unchanged and kept interest rates at the current levels of 0.10%, and the bank maintained its purchases of government bonds equivalent to five billion Australian dollars until the beginning of next September and reduced them to Four billion a...
View MoreThe ISM Manufacturing Business Survey showed that economic activity in the manufacturing sector grew less than market expectations in July, growing for the fourth consecutive month, at 59.5, down by 1.1 compared to June's reading of 60.6 and less than market expectations, which indicated a rise to 60.8. In the details of the index, the new orders index recorded a...
View MoreCryptocurrencies record declines with the beginning of the opening session of the markets today, Monday, the second of August (August), as Bitcoin loses more than 5% with the opening of the European session’s trading on Monday, amid a state of anxiety and tension over the American infrastructure bill that prompted investors to reap their profits and put pressure on me....
View MoreRetail sales in Germany rose in June by 4.2%, according to data released on Monday morning, August 2 from the Federal Statistical Office (Destatis), compared to the revised May reading to 4.6%, less than the market expectations of 1.9%, benefiting from the continuous decline In the incidence of corona virus in Germany. On the other hand, retail sales in Switzerland...
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