Crude oil slipped amid the climbing death toll from the coronavirus in China. It dropped 0.71 percent to Rs 3,779, while gold grew 0.5 percent and silver 0.9 percent on MCX. Oil futures observed mixed trading on Wednesday, with US prices down after government data disclosed that domestic crude inventories posted a higher-than-expected weekly climb, …
Gold climbed higher on Wednesday, rose 0,2% to $1,568.9 per ounce. The price of gold has been wallowing between 1,580 and the 1,560s. And it was followed by a surge to $1,611, to the highest levels we haven’t seen since March 2013. However, the difference in the weekly chart between momentum and price is alarming. …
Coronavirus outburst in China pushed commodity markets lower. The number of cases has grown and spread not only in China but across the globe, which is causing concerns of lower demand growth. Prices are not stable, as the death toll rises in China. Jia Zheng, a portfolio manager at hedge fund Shanghai Minghong Investment Management …
Commodity Prices Continue to Fall by Coronavirus Fears Read More »
The situation regarding the virus outbreak in China caused serious problems for the U.S. stock futures. This virus continues to spread around the world. Four people in Japan were diagnosed with this coronavirus. In this situation, it is not surprising that investors are looking for other options such as gold. On Monday, the price of …
Stock Futures struggled due to concerns about Coronavirus Read More »
U.S. stock futures declined Monday due to the problems connected with coronavirus. The Dow Jones Industrial Average declined by as much as 500 points. Meanwhile, The S&P 500 futures fell 1.6%. Moreover, the Nasdaq Composite futures declined by about 2.1%. The concerns continue to grow over the spread of a deadly coronavirus. Eighty people died …
Blockchain projects are becoming more popular as thanks to this technology; life will become easier for millions of Turkish citizens. One city in Turkey plans to use Crypto and Blockchain solutions for public services. The city of Konya is home to 2.4 million people; it is one of the biggest cities in Turkey. It won’t …
After the last few weeks of turbulence, investors are waiting for the UK Employment and Wage growth data to better assess the situation on the market. They hope that the document will contain valuable tips. Another lead indicator is also on the horizon. The German ZEW Survey for January will be attainable at almost the …
Investors Look Out for UK Employment and Wage Growth Data Read More »
One of the major cultural centers of Turkey, Konya, unveiled a plan connected with cryptocurrencies. Konya is famous in Turkey as well as around the globe for its rich history and historical sites. However, this Anatolian city wants to become famous for its approach towards this emerging technology as well. Konya created the “Science and …
The pneumonia virus outbreak in China, which has led to several deaths, caused its market to waver. The lunar new year is approaching, which usually means the cash influx. But due to the virus, analysts fear that the flow will reduce significantly, which in its stead will influence the market’s growth rate. Chinese stocks have …
Virus Outbreak in China Causes Risk-Off; UK Remains Stable Read More »
Despite the improvements between America and China’s relationship, the IMF still released a worrying forecast for the global economy. The International Monetary Fund’s latest projection caused the spotlight to turn towards gold in the market. Aside from gold, other safe-haven assets are also gaining in trading sessions. While both WTI crude and Brent oil prices …
IMF Forecast Raises Spot Gold Prices in the Market Read More »
WTI crude prices dropped amid the uncertainty over phase one trade deal signing. US West Texas Intermediate crude futures lost 15 cents or 0.3% at $58.08 per barrel. Meanwhile, Brent crude slipped 16 cents or 0.3% at $64.33 per barrel. The American Petroleum Institute has estimated a crude oil inventory build of 1.1 million barrels …
In less than 48 hours, the U.S. and China plan to sign the “Phase One” trade deal. This partial agreement is going to affect stocks as prolonged trade dispute created too many problems for the financial markets. U.S. President Donald Trump will sign the long-awaited “Phase-One” trade deal with high-ranking Chinese officials. China will purchase …
On Monday, stocks in Asia mostly increased by the close, just two days ahead of the trade deal. Investors are waiting for the historic moment. On January 15, U.S. and China will sign the “Phase-One” trade deal in Washington, D.C. This is a crucial moment as a protracted trade war already created many issues for …
Wearable device company Fitbit plans to include its devices in Medicare Advantage plans from three insurers. These wireless-enabled activity tracers will benefit 59 plans by UnitedHealthcare in 27 states. WellCare Health Plans offers Georgia Medicaid adult members with Type2 diabetes a Fitbit inspired device. However, this is only the case with those who complete their …
WTI crude is to record a weekly decline amid the easing Middle Eastern tensions. Heavy losses are to come for oil prices as both the US and Iran back down and seek de-escalation. Investors are booking profits now following the sharp rise in prices during the first half of the week. WTI crude prices reached …
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