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Weekly Market Updates

The Federal Reserve Board Meeting of the monetary policy committee for the month of July showed that some policy-makers who have the right to vote believe that there is a need to raise interest rates in the United States soon. The

Gold hikes as England cut rates

Gold started steady in Asian trading on Friday as investors await the job data in the United States. The price of gold rose 0.12 percent to $ 1362.45 per ounce. US Gold contracts increased 0.15 percent to $ 1369.40 per ounce.
Draghi espera que la zona euro crezca modestamente en el segundo semestre

Draghi encouraged investors & kept rates unchanged

European Central Bank President Mario Draghi considered that it is too early to assess the repercussions of the British vote in favor of their country’s exit from the European Union on the fragile economic recovery in the euro zone. Officials kept
US oil

Drop in US Oil Inventories

Oil prices rose, supported by a new drop in US crude stocks and a weak dollar, despite the oversupply of refined products and concerns about economic growth. Crude oil prices were influenced by the American Petroleum Institute, which showed a decline

Historical day in UK… Who’s next ?

Britons voted in an historic referendum in favor of the United Kingdom exit from the European Union. Electoral Commission announced that 17.4 million people voted out of the European Union, compared with 16.1 million voted for remain. About 30 million people
Brexit 55

British Referendum… In or Out ?

The European Union faces a dilemma which may determine the fate of its presence after the withdrawal of Switzerland’s application to join the union and the prospect of Britain exit. The Swiss parliament has approved a resolution to withdraw the request

OPEC: New Security General

“OPEC” failed on setting a target level of production at its meeting yesterday, but agreed to appoint a new Secretary General Mohammad Barkindo “candidate of Nigeria”, the first new person who takes the post in about ten years. The new Secretary
yellen boss

Wall Street eyes on Yellen speech

Federal Reserve chair Janet Yellen is expected to participate in a “conversation” about interest rates at Harvard. Yellen will discuss interest rates with Gregory Mankiw “Harvard economics professor”. Investors are awaiting the release of economic growth data in the United States
oil rise

US crude hits its highest level in six months

US crude hits its highest level in six months as investors balance between the expectations of pressure on global supplies and signs of a further increase in stocks in the delivery of US crude futures . Brent crude rose 48 cents