Energies
Monthly Archives: November 2023
The S&P 500 Is Set to Achieve Its Highest Monthly Gains Since July 2022
Written on November 30, 2023 at 5:33 am, by Designer
Market News Summary Mortgage applications in the United States rose by 0.3% on a seasonally adjusted basis for the week ending November 24 compared to the previous week. This marks the fourth consecutive increase, constituting the longest weekly growth streak since March of last year. Most European stock indices closed higher on Wednesday, as regionalContinue Reading
The Dow Jones Index Closes Above 35,400 Points for the First Time in Four Months
Written on November 29, 2023 at 1:27 pm, by Designer
Market News Summary European stock indices closed lower at the end of Tuesday’s session, continuing the lackluster performance that has persisted since the beginning of this week. The Stoxx 600 index declined as most sectors in the region retreated into the red, halting the steady momentum that had supported its best monthly performance since January.Continue Reading
The Oil Is Declining After the Postponement of the OPEC+ Meeting
Written on November 23, 2023 at 9:31 am, by Designer
Market News Summary Economic data showed that the number of Americans filing new claims for unemployment benefits decreased more than expected last week. The Dow Jones index rose by about 0.5%, equivalent to 185 points, closing at its highest level since mid-August of last year. Also, U.S. indices closed with collective gains on Wednesday despiteContinue Reading
STARTRADER Market Recap | 22-Nov-2023
Written on November 22, 2023 at 1:06 pm, by Designer
The minutes of the recent Federal Reserve meeting showed that officials did not express any inclination to reduce interest rates in the near term, especially as inflation remains above the target. They agreed to proceed “cautiously” and raise interest rates only if progress in curbing inflation weakens. Gold prices rose to their highest levels inContinue Reading
The Nasdaq Composite Index Fell from Its Highest Levels in 4 Months
Written on November 22, 2023 at 8:15 am, by Designer
Market News Summary European stock indices closed slightly lower yesterday as investors remained in a wait-and-see mode, anticipating the monetary policies of central banks. This anticipation was coupled with expectations regarding the minutes of the Federal Reserve meeting. The Stoxx 600 index closed down by 0.1% after a quiet trading day, marking the end ofContinue Reading
The S&P 500 Achieves Its Highest Close in About 4 Months
Written on November 21, 2023 at 12:04 pm, by Designer
Market News Summary European stocks closed higher at the end of Monday’s trading, extending gains from a robust week fuelled by growing expectations of interest rate cuts. The STOXX 600 European index edged up by 0.1%, building on its approximately 3% surge the previous week. Throughout this period, markets factored in anticipated interest rate cutsContinue Reading
STARTRADER Monday’s Market Update 20-11-2023
Written on November 20, 2023 at 1:49 pm, by Designer
Oil prices jumped more than 4% on Friday, rebounding from their lowest levels in four months recorded in previous sessions, supported by investor profit-taking and amid US sanctions on some Russian oil tankers. Meanwhile, the Russian Ministry of Energy stated on Friday that Moscow had lifted restrictions on gasoline exports after canceling most restrictions onContinue Reading
The US Dollar’s Largest Weekly Loss in 4 Months Due to Economic
Written on November 20, 2023 at 11:25 am, by Designer
Market News Summary Qatar National Bank (QNB) suggests that the Eurozone may enter a recession in 2023 due to challenging financial conditions and deep contraction in the manufacturing sector. The bank stated in its weekly report that the Eurozone economy is facing maximum pressure due to headwinds resulting from rising energy prices, tightening monetary policy,Continue Reading
The Decline in Oil by About 5% Leads to Stock Losses
Written on November 17, 2023 at 7:54 am, by Designer
Market News Summary Most European stock indices fell at the end of Thursday’s trading amid a subdued positive sentiment seen earlier in the week after positive data from the United States and China. The European Stoxx 600 index dropped by 0.7%, with the majority of sectors and major markets in the region ending the sessionContinue Reading
