US equities have lost earlier gains and fell to relatively the same levels where they started on Monday. Nasdaq (-2.29%) has experienced the worst performance in a month, dragged down by mega-cap tech stocks...
Gold futures are up 0.20% to 1,869.35. Oil prices advanced on Thursday, though the rally is capped given the unexpected increase in US oil reserve. Meanwhile, consumption is damaged by the pandemic. The Energy Information Administration (EIA) said that crude inventories increased by 4...
US stocks have returned to growth after a wobbling session on Wednesday. During the turbulent session, investors focused on mixed quarterly reporting and the debate over further stimulus. The benchmark S&P 500 index rose 0.62%, and Dow added 0.57%. Nasdaq was more modest, securing a gain of 0...
US equities started the Tuesday session with a steep rally but gave up at the end of the day. Still, the benchmark S&P 500 index (+0.17) and Dow Jones (+0.60%) managed to secure gains. Elsewhere, tech-oriented Nasdaq tumbled 0.81...
In the commodity market, gold is getting closer to record highs as investors are embracing safe-havens amid US stimulus uncertainty and an increasing number of COVID cases. Gold futures have increased by 0.78% to $1,858, hitting the highest level in nine years and approaching the record peak...
In the commodity market, oil prices are trading inside a narrow bullish channel. The COVID vaccine trials are supporting hopes that oil demand would revive. The optimism offsets the fears of new restrictive measures amid an increasing number of coronavirus cases. WTI futures are up 0.17% to $40...
US equities defied the bearish rhetoric at the start of the week and extended gains, with Nasdaq updating the record high again on Monday. The tech sector has been driven by investors who turned to tech stocks ahead of the financial reporting of several mega-cap companies due later this week...
In the commodity market, gold prices are flat after a bearish start. Gold futures are trading at around $1,808, as investors weigh the possibility of more stimulus. Besides the US, European leaders are also negotiating a potential plan to support the bloc’s economy...
US stock futures are not foretelling anything good as of early Monday, after the third consecutive week of solid performance. Investors are worried that the rapid increase in the number of COVID cases and deaths would hinder a rapid economic recovery...
In the commodities market, gold has declined 0.14% on fresh hopes for efficient coronavirus vaccines coming out from the US and UK. Also, the European Central Bank (ECB) hinted that it would probably leave interest rates unchanged for a while...
US equities have lost ground on Thursday, after rallying for two days on optimism around Moderna’s vaccine. The S&P 500 (-0...
In the commodity market, oil prices slightly fell after OPEC and allies led by Russia agreed to ease the record production cut from August. However, the drop is moderate as investors hope the US demand for fuel would increase on the back of a decline in the country’s crude inventories...
US equities continued to rally on Wednesday, regurgitating the news about Moderna’s COVID-19 vaccine. Goldman Sachs’ upbeat reporting also gave the stock markets a boost. The S&P 500 (+0.91%) has performed better than tech-oriented Nasdaq (+0...
In the commodity market, gold has retreated in early trading on Wednesday but has consolidated well above $1,800 after temporarily breaking below that level on Tuesday. The metal is currently down 0.20% to $1,810...
Wall Street reversed higher after a depressive start of the week. On Tuesday, all three indices secured gains after a volatile session. Investors’ risk appetite increased after Moderna published encouraging data on the most probable candidate for a COVID-19 vaccine...
US equities were mixed on Monday, though the main rhetoric was bearish. Dow Jones (+0.04%) saved the day by securing a fragile gain, but S&P 500 (-0.94%) and Nasdaq (-2.13%) were in free fall for most of the session...
Despite US-China tensions and surging COVID cases, the gold price has dropped below $1,800 to test a support level that proved reliable on Friday. It seems that investors have booked profits after an impressive rally that accelerated in June...
In FX, investors continue to distance themselves from the US dollar and eye yielding currencies of emerging markets and those backed by commodities, including the Australian and Canadian dollar. The USD Index, which tracks the greenback against six currencies, is down 0.27% to 96.350...
Stock markets are back on track after being somewhat bearish last week. Nevertheless, the first signs of a rally continuation could be seen last Friday...
