Industrial production in the largest economy in the Eurozone (Germany's economy) rose by 2.75 in February, according to data released moments before by the Federal Statistical Office Destatis in Germany, compared to 1.1% in the revised January reading and better than expectations that indicated a growth of about 0.5%. In details, industrial production, excluding energy and construction, increased by 1.3%,...
View MoreUS stocks, represented by the three major indices, recorded strong declines at the end of the opening session of the week yesterday, Monday, March 7th, affected by the rise in fears of economic stagnation and the continued rise in global inflation after crude exceeded the levels of 130 dollars a barrel in light of the current crisis situation between Russia...
View MoreThe yellow metal is trading at its highest level in two and a half years, the highest levels of the two thousand dollars, in the middle of the European session today, Monday, the seventh of March, and before the opening of the US markets, up by about 1.65%, or $ 32, its highest level since August 2020, benefiting from its...
View MoreCrude prices continue to record gains at the beginning of the week today, Monday, the seventh of March, as Brent and US crude tested their highest levels since 2008 at the opening, as US crude opened at levels of 130.50 dollars a barrel, before retreating and reducing its gains, and it is now trading at levels of 124.30 dollars a...
View MoreThe US dollar is at its highest level since May 2020 The European Central Bank and inflation data are the most important events of the session Commodity currencies are rising despite the strength of the US dollar Miscellaneous data we will follow during the week The markets re-ignited at the beginning of the week today, Monday, the 7th of March...
View MoreThe report issued by the United States Bureau of Labor Statistics a few moments ago showed that 678 thousand jobs were added in February, compared to the addition of 467 thousand jobs in January, and better than market expectations, which indicated the creation of jobs estimated at 407 thousand jobs. On the other hand, unemployment rates fell by 0.2% to...
View MoreAmid anticipation in the markets for the NFP data or employment in the non-agricultural sector from the American economy, which will be announced today, Friday, in the American session, the markets reacted strongly in the Asian session with the news that there were violent clashes near the Zaporizhia nuclear power plant and its exposure to bombing, as this station is...
View MoreIndustrial metals prices have recorded strong gains since the start of the Russian war on Ukraine, taking advantage of the rising global concerns about supply disruptions and the decline in global stocks, especially since Russia is an important number that cannot be exceeded in the production of many of these minerals, in addition to the high cost of transportation with...
View MoreThe Central Bank of Canada raised interest rates in its meeting moments ago by a quarter of a point to reach 0.50%, as expected. The interest statement issued by the Bank stated that the Russian invasion of Ukraine raised the uncertainty in the markets, pushing the prices of oil and commodities to rise sharply, which leads to an increase in...
View MoreCrude prices continue to record record levels today, Wednesday, the second of March, a few hours before the OPEC + meeting, taking advantage of rising market concerns about a possible disruption of oil supplies with the intensification of the Ukrainian-Russian war, as Brent crude tested levels of 113 dollars a barrel this morning, its highest level since June 2014 before...
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