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The US Energy Information Administration (EIA) showed today that the US crude inventories fell by 400K barrels to reach a total of 428.1 million barrels during past week, lower than forecasts of ...

US stocks recoup losses, Nasdaq closes at new record high

2020-01-23 22:32:16 GMT (
Most US stocks rose on Thursday, to recoup the earlier losses hit at the session opening on mounded concerns about the deadly Chinese virus.   China revealed that the virus death toll ...

Wheat closes higher ahead of USDA report

2020-01-23 22:24:57 GMT (
Wheat prices soared on Thursday, as demand for agricultural commodities rounded ahead of the US Department of Agriculture's exports report.   Last week, the USDA revealed that the US wheat ...

Silver closes flat below $18

2020-01-23 21:06:00 GMT (
Silver steadied today, despite a rebound in safe-haven demand for precious metals, due to mounted fears about the outbreak of the deadly Chinese coronavirus after infecting hundreds.   China ...

Sterling falls on Trump's trade threats

2020-01-23 20:22:22 GMT (
The British pound fell against the US dollar today, amid concerns about President Donald Trump's threats to impose tariffs against the EU and the UK.   Queen Elizabeth II formally signed today ...

Gold closes higher on fears over deadly virus outbreak

2020-01-23 20:11:56 GMT (
Gold prices rose on Thursday, amid mounted fears about the outbreak of the deadly coronavirus after infecting hundreds in China and spreading to other countries.   China revealed more than 400 ...

Euro falls after ECB Lagarde's remarks

2020-01-23 19:15:02 GMT (
Euro fell against the US dollar on Thursday, shaking off European Central Bank President Christine Lagarde's remarks.   The ECB kept interest rates at 0.00% unchanged today, and Lagarde did ...

Oil sheds more than 3% despite drop in US inventories

2020-01-23 18:54:51 GMT (
Oil prices deepened losses today, amid mounted concerns about the Chinese virus, while shrugging off the US crude inventories data, which fell more than expected.   The US Energy Information ...

US stocks open lower after economic data disappoints

2020-01-23 15:13:52 GMT (
The main US stock indices fell on Thursday, after the release of disappointing economic data, with focus on recent statements from the Davos World Economic Forum.   The US Labor Department ...

Palladium pulls back off record highs

2020-01-23 15:09:22 GMT (
Palladium prices fell on Thursday, to give up the record highs that were hit earlier this week.   Palladium fell under pressure from profit-taking from the strong gains reached by the ...

Oil dives to 7-week low ahead of EIA weekly report

2020-01-23 12:59:21 GMT (
Oil prices continued to drop as the US market opened on Thursday, deepening losses for the fourth straight day, diving to a 7-week low, as concerns mounted about the spread of the Chinese coronavirus ...

ECB keeps interest rates unchanged

2020-01-23 12:54:15 GMT (
At 12:45 GMT, the European Central Bank concluded its January 23 meeting, and decided on keeping the interest rate at 0.00% unchanged from the previous meeting, which was widely expected in the ...

European stocks continue to drop on fears over China Coronavirus

2020-01-23 12:04:34 GMT (
European stocks fell on Thursday, to deepen losses for the fourth straight day, on profit-taking from all-time highs, and investors' risk-aversion, as concerns mounted about the spread of the Chinese ...

Gold falls as dollar firms, safe-haven demand caps losses

2020-01-23 11:30:33 GMT (
Gold prices fell in European trade on Thursday, to head for the second daily loss in 3 days, as the US dollar rose against a basket of currencies, but gold's losses are ebbed due to increased ...

Oil plumbs 7-week through on concerns over China virus

2020-01-23 10:22:26 GMT (
Oil prices fell on Thursday, deepening losses for the fourth straight day, diving to a 7-week low, as concerns mounted about the spread of the Chinese coronavirus and its effect on oil demand in the ...
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