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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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    Currency performance and oil developments are the focus of global markets today

    rocky
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    Currency performance and oil developments are the focus of global markets today Empty Currency performance and oil developments are the focus of global markets today

    Post by rocky Fri Jun 08, 2018 4:36 am

    Currency performance and oil developments are the focus of global markets today






    2018/06/08 01:48


    (Encyclopedia of this Day News | Iraq News ) - From-Ahmed Shawki: direct: topped the developments relating to the oil scene in the world markets by the end of trading on Thursday, as well as the recovery of other currencies and falling.

    Before the upcoming meeting with North Korea's leader next week, US President Donald Trump expressed his desire to normalize relations with the isolated state if "things went well."

    Oil developments

    Oil prices rose by about 2% at today's session amid fears of a drop in Venezuelan crude exports, amid reports that it intends to declare force majeure contracts with the buyers of crude.

    The US crude also received support from statements by the Algerian oil minister, who said that "OPEC" will consider achieving a balance in the market at the next meeting and not reduce production.

    Other reports also said that the US president asked Saudi Arabia to control oil prices before announcing a withdrawal from the Iranian nuclear deal for fear of a possible shortage of crude as a result of this decision.

    While China's purchases of US oil doubled during the months of January to April, according to data from the Energy Information Administration.

    US natural gas inventories rose more-than-expected in the past week.

    Gold was supported by the US dollar's decline as business developments awaited a close today.

    Currencies

    The US dollar fell during the day as investors awaited the trading conditions ahead of the Group of Seven industrialized nations meeting.

    According to a research note issued by the bank "ANG", that the strength of the US dollar found resistance finally, after the strong rise during the last period.

    While the euro rose through the level of $ 1.1800 during the day with comments from members of the European Central Bank to discuss the termination of quantitative easing at the next bank meeting.

    In Brazil, attempts by the country's central bank to save the currency have failed, with the Brazilian riyal falling more than 1% against the US currency during trading.

    While the Turkish lira turned higher during the trading session against the US dollar and rose by about 2% after the decision of the central bank in the country to raise the interest rate.

    Stock Indices

    US stocks fell, with tech losses outpacing energy gains, while Dow Jones rose alone at a two-month high.

    Analysts at JPMorgan said Trump had cost the US stock market $ 1 trillion because of his comments on trade issues.

    For his part, the US Commerce Secretary announced that the United States had concluded a final agreement with China's ZTE to stop the company's ban.

    While a press report said the two projects planned to pass legislation to prevent the agreement with ZTE.

    The US Labor Department reported a drop in US jobless claims last week.

    While Federal Reserve data showed US consumer credit growth at the slowest pace in 7 months.

    The European stock markets were also hit by the shares of the travel and leisure sector, with the euro gaining ground.

    Economic data showed today the confirmation of slower economic growth in the euro area during the first quarter to record the lowest level in a year and a half.

    While separate data showed a decline in German factory orders, contrary to analysts' expectations in April.

    Halifax data reported a rise in house prices in Britain in May, more than expected.

    The Tokyo Stock Exchange closed today's session in the green zone, and the Nikkei reached the highest level in two weeks.



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