Energies
Monthly Archives: February 2023
Sterling Rises After New Agreements with Europe
Written on February 28, 2023 at 7:24 am, by Designer
MARKET NEWS SUMMARY US indices ended their trading with slight gains in Monday’s session, as investors sought to take advantage of the attractive prices of some stocks after the sharp decline last week. The S&P 500 rose by 12 points, or 0.3%, to close at 3,982 points, coinciding with the decline in US Treasury yieldsContinue Reading
Gold is Close to 1770 Levels
Written on February 27, 2023 at 8:29 am, by Designer
MARKET NEWS SUMMARY US indices ended their trading with a sharp decline in the Friday session, recording their largest weekly loss since the beginning of this year. This decline comes with the investors’ greater fears of a further increase in interest rates by the US Fed after the release of the Core PCE Price Index.Continue Reading
Oil Rises and Gold Closes Low
Written on February 24, 2023 at 8:22 am, by Designer
MARKET NEWS SUMMARY According to a press report, Russia is planning to implement large reductions in its oil exports in order to raise the price of crude oil for the West, and there is data saying that Russia may reduce its shipments from its western export centers by up to 25% by March. The sourcesContinue Reading
The Dollar is Shining and the Tightening Policy Continues
Written on February 23, 2023 at 7:06 am, by Designer
MARKET NEWS SUMMARY The minutes of the Fed’s meeting issued yesterday, February 22, indicated that almost all of the participants agreed that it was appropriate to raise interest rates by 25 basis points, but at the same time indicated that there were a few participants who supported a rate increase of 0.5% as they believeContinue Reading
Stock Decline, and the Dow Jones Loses This Year’s Gains
Written on February 22, 2023 at 7:50 am, by Designer
MARKET NEWS SUMMARY US indices closed sharply lower in Tuesday’s session, pressured by the increasing investor sentiment that the Fed will keep interest rates high for a longer period after data showed a recovery in business activity in the United States in February. The Dow Jones index fell by about 700 points in the firstContinue Reading
The Markets Are Waiting for Economic Data
Written on February 21, 2023 at 8:34 am, by Designer
MARKET NEWS SUMMARY The sharp decline in Amazon’s stock over the past year has resulted in a change in the company’s employee compensation plan leading to a significant reduction in their salaries compared to targeted compensations, according to informed sources of the Wall Street Journal. The sources indicated that Amazon pays a significant portion ofContinue Reading
Gold Tries to Stabilize Again While Stocks Fall
Written on February 20, 2023 at 6:58 am, by Designer
MARKET NEWS SUMMARY Inflation continues to rise around the world, registering more than 5% in 83.3% of low-income countries, 90.2% of the lower middle-income countries, and 91% in the upper middle-income countries, according to the latest reports on the months from October 2022 to January 2023, which include data on food price inflation released byContinue Reading
