market updates

22 May 2017

U.S. Dollar gains value

The U.S. dollar edged up in Asian markets today. However, it still remained close to the six-month lows hit earlier. The dollar index was steady since Friday’s late trading hours around the 97.292 level not much far from the previous session’s low of 97.080, which is its weakest since November 9. Federal Open Market Committee member Patrick Harker and President Neel Kashkari are set to speak at 14:00 GMT and 14:30 GMT respectively today, their spe [...] Read More

19 May 2017

U.S Stocks Rise Again

U.S. equities successfully recovered from their lowest levels after having suffered their worst day of 2017 on Wednesday as Trump asked Comey to halt investigation into former National Security adviser Michael Flynn’s matter. As such, the Dow Jones Industrial Average gained 55 points, while the S&P 500 and the Nasdaq Composite, both rose by 0.4 percent and 0.7 percent respectively. Meanwhile, new developments surge in the U.S. presidential elections [...] Read More

18 May 2017

FBI’s New Director Market Impact

In buzz today is President Trump’s decision to consider former United States Senator from Connecticut, Joe Lieberman for the post of FBI’s Director. Trump will meet Lieberman and other candidates, including the acting FBI Director, Andrew McCabe, former Oklahoma Governor Frank Keating and former top FBI official Richard McFeely next Wednesday in an attempt to replace James Comey. Regarding the same issue, former FBI Director Robert Mueller was appo [...] Read More

17 May 2017

Dow futures losing momentum

The Dow Jones Industrial Average lost value on the stock market immediately after Trump’s abrupt decision of asking then-FBI Director James Comey to end his investigation on Michael Flynn. It lost 121 points to finally trade at 20,813 points. Meanwhile in U.K. the Average Earnings Index + Bonus data for March and its Claimant Count Change for April, will be both communicated at 08:30 GMT today. source: CNBC ; Investing ; Reuters ; [...] Read More

16 May 2017

Euro at one week high

The euro surged to a one-week high on Tuesday ahead of Eurozone’s GDP data, due at 09:00 GMT. The currency rose by 0.1 percent to trade at $1.0986, the highest level since May 8th. The German ZEW Economic Sentiment for May is set to be released at 09:00 GMT. It’s a survey of about 350 German institutional economists and analysts who provide their opinions regarding the economic future of Germany for the upcoming six months. source: Investing ; Re [...] Read More

15 May 2017

Oil futures edging up today

Oil prices surged up on the commodity market today following the statements of energy ministers of top oil producers,Saudi Arabia and Russia, to extend OPEC-led crude production cut from the middle of 2017 till March 2018. As a result, the benchmark Brent crude rose by 1.6 percent as it traded at $51.66 a barrel, while the West Texas Intermediate crude added 1.7 percent at $48.67 a barrel. source: Reuters [...] Read More