Noha Makram – Live- The number of Americans filing for unemployment benefits fell more than expected last week, indicating underlying labor market strength despite a recent rise in layoffs. Initial unemployment claims fell by 9,000 to a seasonally adjusted 218,000 during the week ending February 3, the Labor Department announced Thursday. Economists in a Reuters … Read more
Live: Oil prices closed trading in global markets, today, Tuesday, at an increase in light of anticipation of geopolitical events. Nymex crude futures for March delivery rose 62 cents, or 0.85 percent, to reach $73.40 per barrel upon settlement, according to the Middle East News Agency. Brent crude futures for April delivery reached $78.61 per … Read more
Noha Makram – Live- Oil prices stabilized broadly on Tuesday, as investors awaited whether US Secretary of State Anthony Blinken’s tour of the Middle East would result in an end to the Gaza war, which has raised concerns about supplies from the main oil-producing region. Brent crude futures fell by 8 cents to $77.91 per … Read more
Mustafa Reda – Mubasher: American stock indices closed trading on Friday, on the rise, driven by strong gains from shares of major technology companies such as Meta, Amazon, Microsoft, and Nvidia. The Standard & Poor’s 500 and Dow Jones Industrial Average recorded new record closings, the seventh and ninth in a row for this year, … Read more
Live: Oil prices jumped at the close of trading on Thursday, with demand expectations rising thanks to strong economic growth in the United States. Brent crude prices rose by 97 cents, or 3.05 percent, which is equivalent to $82.48 per barrel, and US West Texas Intermediate crude oil increased by $3.06, or 2.29 percent, which … Read more
Live: Three US Federal Reserve officials said that the data that will be issued in the coming period will guide their decision on when to cut interest rates, explaining that they have not yet seen sufficient evidence to begin monetary easing. According to Bloomberg East Economy, San Francisco Federal Reserve Bank President Mary Daly said … Read more
Muhammad Shaker – Mubasher: UAE financial market indices declined at the end of the week’s trading, in light of data indicating that the cycle of reducing interest rates may not begin early, and tensions continuing to escalate in the Middle East region. According to data from the UAE financial markets, the Dubai Financial Market recorded … Read more
Abu Dhabi – Mubasher: Profit-taking operations continued to pressure the path of UAE financial market indices for the third session in a row. The Dubai Securities Market index fell by 0.46% to 4,082.34 points, with BMH Capital topping the list of decliners by 10% to 3.51 dirhams, Dubai National Insurance by 9.091% to 4.5 dirhams, … Read more
Noha Makram – Live- Gold prices rose today, Monday, to exceed the $2,050 level with improved investment appetite in safe haven assets resulting from escalating tensions in the Middle East and renewed bets on the Federal Reserve cutting interest rates early. The spot price of gold rose by 0.2% to $2,053.69 per ounce, at 04:35 … Read more
Cairo – Mubasher: Gold prices rose on the global stock market by 0.2 percent, at a value of $4, during the week’s trading ending yesterday evening, Friday, due to increasing fears of the escalation of the conflict in the Middle East region due to the air strikes on Yemen, which led to an increase in … Read more