The yellow metal is trading on highs with the beginning of the trading session of the European session today, Monday, July 26 (July), by about 0.32%, and trading at levels of 1807 dollars per ounce, benefiting from the decline of the US dollar by about 0.15%, amid anticipation in the markets for the US Federal Reserve meeting next Wednesday. Markets...
View MoreCryptocurrencies are recording strong gains at the beginning of the trading week today, Monday, July 26, as most of them recorded increases of more than 10% during today’s trading, with the addition of about $114 billion in the combined market value of the cryptocurrency market, according to Coinmarketcap.com data. And Tesla CEO Elon Musk announced last week at the World...
View MoreRetail sales in Canada declined by 2.1% in May to $53.8 billion, according to data released Friday evening, July 23 (July 23), as the sector was affected by the closure due to the third wave of the Corona virus, as sales fell in eight of 11 sub-sectors representing about 65.6% of retail trade in Canada. Core sales, excluding petrol stations,...
View MoreThe Services Purchasing Managers' Index (PMI) issued by the PMI today, Friday, July 23, recorded its highest level in July in the preliminary reading since June 2006 to 60.4 points, compared to 58.3 in June, exceeding expectations that indicated a rise to 59.4, supported by the reopening of the eurozone economies, as it came The manufacturing index matched expectations at...
View MoreThe European Central Bank decided in its meeting on Thursday, July 22nd, to keep its monetary policy unchanged and to keep the interest rates on major refinancing operations at the current zero levels, at 0.25% on marginal lending and at -0.50% on deposit facilities. \The European Central Bank confirmed that it will maintain low interest rates until inflation reaches the...
View MoreThe data released this evening, Friday, July 16, from the US Department of Commerce, showed an increase in US retail sales better than the market expectations in June, as sales rose by about 0.6% in June, after declining by about 1.7% in the revised May reading, while expectations indicated that it would be recorded. A decline of about 0.4%, core...
View MoreThe Bank of Japan, in its meeting this morning, Friday, July 16, decided by a majority of eight members to zero, with one abstention, to extend the financing program period for a new six months until the end of March 2022, and the Bank decided by a majority of 7-1 with one abstention to maintain the current negative interest rates....
View MoreQuarterly inflation in New Zealand recorded a growth in the second quarter of this year ending last June, according to Statistics New Zealand, by 1.3% compared to the same period last year, and compared to 0.8% in the first quarter, exceeding expectations that indicated a decline to 0.7%. In details, the largest contribution to the increase in the New Zealand...
View MoreCrude prices are recording declines for the second consecutive session in the middle of the trading session today, Thursday, July 15 (July), with the rise in concerns about global demand for oil and the rise in speculation about the future of the OPEC + deal. International news had reported yesterday evening that Saudi Arabia and the UAE had reached a...
View MoreThe gross domestic product (GDP) in China, the second largest economy in the world, recorded a growth of about 7.9% in the second quarter of this year, according to data released this morning, Thursday, July 15th from the National Bureau of Statistics, compared to a growth of about 18.3% in the first quarter and less than the expectations of the...
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