Natural gas futures rose during the European session on Thursday. According to the New York Merca...
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2025-08-28
Global markets are gearing up for a difficult two days as the end of the month approaches, with port...
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2025-08-28
The Japanese yen rose in Asian trading on Thursday against a basket of global currencies, moving in...
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2025-08-28
European stocks rose as sovereign bond yields fell in Germany, Italy, and the United Kingdom, amid m...
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2025-08-28
The Mexican government plans to increase tariffs on China as part of next year's budget proposal to...
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2025-08-28
Gold futures prices fell slightly as markets awaited US economic data that could shed further light...
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2025-08-28
Natural gas futures rose during the European session on Thursday. According to the New York Mercantile Exchange, October natural gas futures were trading at USD 2.90 per million British thermal units (MMBtu) at the time of writing, up 0.42%. It had previously traded at USD 2.90 per MMBtu. Natural gas may find support at USD 2.738 and resistance at USD 2.914
2025-08-28
Global markets are gearing up for a difficult two days as the end of the month approaches, with portfolio rebalancing flows driving trading trends. Investors appeared to have already gotten a glimpse of this during yesterday's session, as moves showed hesitation and mixed pressure on the dollar. While traders had priced in approximately 55 basis points of a Fed rate cut by the end of the year, the dollar found temporary support at the start of the US session yesterday. However, the US currency quickly pared its gains, ending trading without a clear direction, reflecting the prevailing volatility
2025-08-28
The Japanese yen rose in Asian trading on Thursday against a basket of global currencies, moving in positive territory against the US dollar. This benefited from the weak performance of the US currency in the foreign exchange market, with increasing bets on a Federal Reserve interest rate cut in September. The dollar fell 0.2% against the yen to ¥147.08, from the opening price of ¥147.39, and reached a high of ¥147.49
2025-08-28
European stocks rose as sovereign bond yields fell in Germany, Italy, and the United Kingdom, amid market optimism about the resilience of the AI boom amid challenges, as Nvidia's earnings were evaluated. At the start of Thursday's session, the STOXX Europe 600 rose 0.35% to 556 points, with losses in utilities and defense stocks limiting the European index's gains. While the UK's FTSE 100 was flat at 9,259 points, the French CAC 40 rose 0.85% to 7,811 points, and the German DAX added about 0.5% to 24,163 points. Nvidia said in its earnings release that sales growth for the quarter would remain above 50%, indicating the continued strength of the AI boom. Its second-quarter revenue reached $46.74 billion, exceeding analysts' expectations. Markets are awaiting the release of data on M3 money supply and private lending in the eurozone later today, as well as the minutes of last month's European Central Bank meeting, during which policymakers held interest rates at 2%
2025-08-28
The Mexican government plans to increase tariffs on China as part of next year's budget proposal to protect local businesses from cheap imports. The higher tariffs expected could include imports of automobiles, textiles, and plastics, to protect Mexican manufacturers from subsidized Chinese competition. However, according to Bloomberg, the plan may change, and a draft revenue proposal is scheduled to be sent to Congress by September 8. This comes as the Trump administration has urged Mexican officials to raise tariffs on Chinese imports. Mexico has subsequently proposed the idea of a "Fortress North America" that would restrict Chinese shipments and strengthen trade and industrial ties between the United States, Mexico, and Canada
2025-08-28
Gold futures prices fell slightly as markets awaited US economic data that could shed further light on the Federal Reserve's interest rate outlook. During Thursday's trading, gold futures for December delivery fell slightly by 0.1%, or $3.60, to $3,445 per ounce. Spot gold fell 0.2%, or $6.46, to $3,390.91 per ounce, as of 8:30 a.m. Mecca time. The dollar index, which measures the performance of the US currency against a basket of six major currencies, fell slightly by 0.1% to 98.14. While silver futures for September delivery rose 0.4% to $38.865 an ounce, spot platinum prices were steady at $1,348.53, and palladium prices were unchanged at $1,094.24. Investors are closely awaiting the release of the US Personal Consumption Expenditures Index (PCE) – the Federal Reserve's preferred inflation gauge – on Friday for any clues about the future direction of interest rates
2025-08-28
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2025-08-28
The US dollar has seen a notable rise recently, approaching its highest level this year. However, it...
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Data released by the Central Bank of Egypt today revealed that the net foreign assets in the banking...
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