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Dollar Falls to Lowest Level in Seven Months

August 19, 2024 Web Desk 0

The US dollar declined broadly on Monday and slipped sharply against the yen in particular as investors bet on a dovish tone emerging in the Federal Reserve’s July policy meeting minutes.

The minutes, due on Wednesday, and Powell’s speech on Friday a…

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Oil Prices Fall Amid Concerns Over Weak Demand in China

August 19, 2024 Web Desk 0

Oil prices fell in early Asian trading on Monday as market sentiment was weighed by fears about weak demand in China, world’s top oil importer.

Brent crude futures dropped 13 cents, or 0.2 percent, to USD79.55 a barrel. West Texas Intermediate crude …

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German Exports, Imports Decline in H1 2024

August 19, 2024 Web Desk 0

The Federal Statistical Office of Germany revealed Monday that its country’s exports and imports declined in the first half (H1) of 2024 on an annual basis.

The office stated that exports decreased by 1.6 percent to EUR 801.7 billion, while imports d…

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Oil prices drop

August 19, 2024 Web Desk 0

Washington – Ma’an – Oil prices fell in trading on Monday, amid market fears of a decline in demand for black gold from China.

By 09:25 Moscow time, US West Texas Intermediate (WTI) crude futures fell 0.67% to $76.14 per barrel, while Brent crude fut…

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European Stocks Post Broad Gains

August 19, 2024 Web Desk 0

European stocks closed higher on Tuesday, supported by gains in retail and basic resources stocks as investors braced for a busy week of economic data.

The pan-European Stoxx 600 index closed up 0.6 percent, touching its highest level in more than th…