[size=35][size=35]The policy of raising interest rates and Corona confuse global markets: the dollar is stabilizing and oil is declining[/size]
[You must be registered and logged in to see this link.]
[/size]
[You must be registered and logged in to see this link.][/size]
2022-12-29 | 06:25
[You must be registered and logged in to see this image.]
[/size]
335 views
Alsumaria News - Economy
As for the strong dollar, it stabilized on Thursday, after the rise in long-term US Treasury yields. Oil prices fell due to the impact of the increase in Corona cases in China.
European stocks and the influence of central banks
European stocks fell, Thursday, amid limited trading during the holidays, as markets approach the end of a difficult year in which they suffered from geopolitical tensions and growing fears of an economic slowdown on the back of central banks' decisions to raise interest rates at large. rates, according to Reuters.
The Stoxx 600 index fell 0.4 percent. For the year as a whole, it is down 12.8 percent so far.
After recovering for a short period this week, markets around the world are worried about Beijing's move to further ease Covid restrictions, after the rise in infections in China undermined hopes for a rapid improvement in the world's second largest economy.
The performance of luxury goods companies with exposure to China, such as LVMH and Richemont, overshadowed the European index in early trading.
Energy shares fell 0.6 percent and mining companies 0.3 percent, tracking commodity prices.
Japanese stocks and "Wall Street"
As for the Japanese Nikkei index, it closed, on Thursday, in decline, after falling to its lowest level in about three months during the session, tracing the impact of the weak performance of Wall Street, and shares of heavy-weight technology companies led the declines.
The Nikkei index closed down 0.93 percent, after reaching 25,953.92 points during trading, the lowest level since October 3.The broader Topix index fell 0.72 percent to 1,895.27 points.
The main indices on Wall Street closed lower last night, and the Nasdaq index reached its lowest level in 2022, as preparing investors to enter 2023 amid mixed economic data, a rise in Corona injuries in China, and geopolitical tensions.
Heavyweight technology stocks weighed on the Nikkei index, with startup investment group SoftBank Group falling 1.6 percent and recouping some of its losses after falling 2.4 percent to its lowest since October 19.
Japan Tobacco Co. The index topped with a decline of 5.87 percent, followed by Showa Denko by 4.68 percent and Isetan Mitsukoshi Holdings by 4.37 percent.
34 stocks on the Nikkei index rose, compared to a decline of 182 stocks.
All of the 33 sub-indices fell, with the exception of only two, and the oil exploration companies index led the declines.
The dollar stabilized
The dollar stabilized after long-term US Treasury yields rose last night, with initial optimism about China easing Corona restrictions and opening the economy, according to Reuters.
After China removed its quarantine rule for inbound travelers from January 8, countries such as the United States, Japan and India said they would require coronavirus tests for people arriving from China.
The speed with which China scrapped coronavirus rules has strained its fragile health system and raised concerns about the spread of the virus.
The Japanese yen rose nearly 0.5 percent to 133.83 yen per dollar.
The pound rose 0.19 percent to $1,204, but it was not far from its three-week low of $1,1993 last week.
And the euro rose 0.15 percent at 1.0628 dollars.
Uncertainty about the global economic outlook, as well as growing concerns about a recession in the United States, drove down the two-year US Treasury yields, which usually move according to interest rate expectations, last night. It amounted to 4,3512 percent.
Meanwhile, the yield on the benchmark US Treasury bond for ten years reached 3.8656 percent, after rising to the highest level in more than a month at 3.892 percent last night.
The dollar index, which measures the performance of the US currency against a basket of currencies, settled at 104.28.
The Australian dollar rose 0.16 percent to $0.6751, while the New Zealand dollar advanced 0.33 percent to $0.6331.
The offshore Chinese yuan rose to slightly 6.9932 per dollar.
Bitcoin is rising
In the cryptocurrency market, Bitcoin rose 0.13 percent to $16,561, while Ether rose 0.26 percent to $1,192.6, although both are on track to drop by more than 60 percent this year.
For its part, oil
prices fell, Thursday, as the rise in Corona cases in China weakened hopes for a recovery in fuel demand for the second largest oil consumer in the world.
The scale of the recent outbreak in China and skepticism about official data has prompted some countries to enact new travel rules on Chinese visitors, even as Beijing began to lash out at authorities there about the world's strictest lockdown and testing regime.
Brent crude futures for February delivery fell 42 cents, or 0.5 percent, to $82.84 a barrel by 01:23 GMT, while US crude fell 50 cents, or 0.6 percent, to $78.46. per barrel.
Oil markets were also affected by expectations of raising US interest rates again in the United States, as the Federal Reserve tries to limit the rise in prices in the labor market, which suffers from scarcity.
US crude oil inventories fell less than expected, by about 1.3 million barrels, in the week ending December 23, according to market sources citing figures from the American Petroleum Institute, down from analysts' estimates of a draw of 1.5 million. The US government will release its weekly figures at 10:30 a.m. EST on Thursday.
Also affecting prices, pipeline operator TC Energy said it was working to restart part of the Keystone pipeline, which authorities had to shut down after the leak this month.
However, the markets got some support from Russian President Vladimir Putin by banning the export of crude oil and oil products from February 1st for a period of five months to countries that adhere to the Western price ceiling.
Germany said the embargo had "no practical significance" given Berlin's work since spring to replace Russian oil supplies and ensure supply security.
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
[/size]
Economie
[size][size][You must be registered and logged in to see this link.][/size]
2022-12-29 | 06:25
[You must be registered and logged in to see this image.]
[/size]
335 views
Alsumaria News - Economy
As the end of the year approaches, global markets are still under the weight of the policy of raising interest rates, in addition to fears of an increase in Corona cases in China after lifting the zero Covid policy measures. European stocks fell due to growing fears of slowing economic growth, and the Nikkei index closed lower, tracking the weak performance of Wall Street.
As for the strong dollar, it stabilized on Thursday, after the rise in long-term US Treasury yields. Oil prices fell due to the impact of the increase in Corona cases in China.
European stocks and the influence of central banks
European stocks fell, Thursday, amid limited trading during the holidays, as markets approach the end of a difficult year in which they suffered from geopolitical tensions and growing fears of an economic slowdown on the back of central banks' decisions to raise interest rates at large. rates, according to Reuters.
The Stoxx 600 index fell 0.4 percent. For the year as a whole, it is down 12.8 percent so far.
After recovering for a short period this week, markets around the world are worried about Beijing's move to further ease Covid restrictions, after the rise in infections in China undermined hopes for a rapid improvement in the world's second largest economy.
The performance of luxury goods companies with exposure to China, such as LVMH and Richemont, overshadowed the European index in early trading.
Energy shares fell 0.6 percent and mining companies 0.3 percent, tracking commodity prices.
Japanese stocks and "Wall Street"
As for the Japanese Nikkei index, it closed, on Thursday, in decline, after falling to its lowest level in about three months during the session, tracing the impact of the weak performance of Wall Street, and shares of heavy-weight technology companies led the declines.
The Nikkei index closed down 0.93 percent, after reaching 25,953.92 points during trading, the lowest level since October 3.The broader Topix index fell 0.72 percent to 1,895.27 points.
The main indices on Wall Street closed lower last night, and the Nasdaq index reached its lowest level in 2022, as preparing investors to enter 2023 amid mixed economic data, a rise in Corona injuries in China, and geopolitical tensions.
Heavyweight technology stocks weighed on the Nikkei index, with startup investment group SoftBank Group falling 1.6 percent and recouping some of its losses after falling 2.4 percent to its lowest since October 19.
Japan Tobacco Co. The index topped with a decline of 5.87 percent, followed by Showa Denko by 4.68 percent and Isetan Mitsukoshi Holdings by 4.37 percent.
34 stocks on the Nikkei index rose, compared to a decline of 182 stocks.
All of the 33 sub-indices fell, with the exception of only two, and the oil exploration companies index led the declines.
The dollar stabilized
The dollar stabilized after long-term US Treasury yields rose last night, with initial optimism about China easing Corona restrictions and opening the economy, according to Reuters.
After China removed its quarantine rule for inbound travelers from January 8, countries such as the United States, Japan and India said they would require coronavirus tests for people arriving from China.
The speed with which China scrapped coronavirus rules has strained its fragile health system and raised concerns about the spread of the virus.
The Japanese yen rose nearly 0.5 percent to 133.83 yen per dollar.
The pound rose 0.19 percent to $1,204, but it was not far from its three-week low of $1,1993 last week.
And the euro rose 0.15 percent at 1.0628 dollars.
Uncertainty about the global economic outlook, as well as growing concerns about a recession in the United States, drove down the two-year US Treasury yields, which usually move according to interest rate expectations, last night. It amounted to 4,3512 percent.
Meanwhile, the yield on the benchmark US Treasury bond for ten years reached 3.8656 percent, after rising to the highest level in more than a month at 3.892 percent last night.
The dollar index, which measures the performance of the US currency against a basket of currencies, settled at 104.28.
The Australian dollar rose 0.16 percent to $0.6751, while the New Zealand dollar advanced 0.33 percent to $0.6331.
The offshore Chinese yuan rose to slightly 6.9932 per dollar.
Bitcoin is rising
In the cryptocurrency market, Bitcoin rose 0.13 percent to $16,561, while Ether rose 0.26 percent to $1,192.6, although both are on track to drop by more than 60 percent this year.
For its part, oil
prices fell, Thursday, as the rise in Corona cases in China weakened hopes for a recovery in fuel demand for the second largest oil consumer in the world.
The scale of the recent outbreak in China and skepticism about official data has prompted some countries to enact new travel rules on Chinese visitors, even as Beijing began to lash out at authorities there about the world's strictest lockdown and testing regime.
Brent crude futures for February delivery fell 42 cents, or 0.5 percent, to $82.84 a barrel by 01:23 GMT, while US crude fell 50 cents, or 0.6 percent, to $78.46. per barrel.
Oil markets were also affected by expectations of raising US interest rates again in the United States, as the Federal Reserve tries to limit the rise in prices in the labor market, which suffers from scarcity.
US crude oil inventories fell less than expected, by about 1.3 million barrels, in the week ending December 23, according to market sources citing figures from the American Petroleum Institute, down from analysts' estimates of a draw of 1.5 million. The US government will release its weekly figures at 10:30 a.m. EST on Thursday.
Also affecting prices, pipeline operator TC Energy said it was working to restart part of the Keystone pipeline, which authorities had to shut down after the leak this month.
However, the markets got some support from Russian President Vladimir Putin by banning the export of crude oil and oil products from February 1st for a period of five months to countries that adhere to the Western price ceiling.
Germany said the embargo had "no practical significance" given Berlin's work since spring to replace Russian oil supplies and ensure supply security.
[You must be registered and logged in to see this link.]
Today at 3:39 am by wciappetta
» utube 6/3/24 MM&C IQD Update-Iraq Dinar-Accelerate- Digital-Financial-Banking Reforms-Best Budget
Yesterday at 10:40 pm by Rocky
» Al-Sudani: Iraq has an opportunity to possess an advanced and economically successful industry
Yesterday at 10:35 pm by Rocky
» Latest information about the “Theft of the Century” case
Yesterday at 10:34 pm by Rocky
» External praise for Iraqi banks: very advanced in electronic banking services
Yesterday at 10:30 pm by Rocky
» Inside a well... creating a “cheap” technology to convert natural gas into hydrogen
Yesterday at 10:28 pm by Rocky
» Abdullah chairs the Parliamentary Finance Committee meeting regarding the budget schedules
Yesterday at 10:27 pm by Rocky
» What is the justification for “disrupting important laws” in the House of Representatives?
Yesterday at 10:25 pm by Rocky
» After passing the schedules, extraction companies are preparing to escalate in response to their tra
Yesterday at 10:24 pm by Rocky
» Parliamentary Finance clarifies the details of the 2024 budget after voting on it - urgent
Yesterday at 10:23 pm by Rocky
» A representative sets priorities for the 2024 budget schedules and confirms: salaries are secured
Yesterday at 10:21 pm by Rocky
» Exceeding 550 billion dinars...petroleum products reveal their sales via electronic payment during M
Yesterday at 10:19 pm by Rocky
» European Union: We cooperate with the United Nations to enhance transparency in Iraq
Yesterday at 10:17 pm by Rocky
» Parliamentary Finance confirms its vote on the budget tables
Yesterday at 10:13 pm by Rocky
» In numbers...each governorate’s shares from the 2024 budget (exclusive documents)
Yesterday at 10:11 pm by Rocky
» Parliament votes on the budget schedules
Yesterday at 10:10 pm by Rocky
» Globalists suffer big upset in Geneva; WHO chief urges aggressive crackdown on 'global pandemic agre
Yesterday at 10:08 pm by Bama Diva
» Report: Saudi Arabia is trying to get closer to the Shiites of Iraq
Yesterday at 9:41 pm by Rocky
» Parliament holds its session in the presence of 199 deputies
Yesterday at 9:40 pm by Rocky
» Attempts to pass the 2024 budget “without amendment”.. and a representative raises a question: What
Yesterday at 9:04 pm by Rocky
» Al-Mamouri: The Finance Committee added 2 trillion dinars to the 2024 budget for this purpose
Yesterday at 9:03 pm by Rocky
» A different percentage than the government... Parliament’s finances reveal the size of the budget, i
Yesterday at 9:02 pm by Rocky
» utube 6/1/24 MM&C IQD Update-Iraq Dinar-HoR under a gun - Monday 3:00 PM Baghdad Vote
Yesterday at 6:00 pm by Rocky
» Ports: We will receive Al-Faw Port in October and it will be managed by a professional international
Yesterday at 5:59 pm by Rocky
» Hanoun: We intend to draw up a six-year national strategy to combat corruption based on digitalizati
Yesterday at 5:57 pm by Rocky
» Trump: If I return as president, I will fire generals and reveal the secrets of the September 11 att
Yesterday at 5:53 pm by Rocky
» Al-Karaawi: America does not want Iraq to complete the port of Lavao
Yesterday at 5:51 pm by Rocky
» Al-Tamimi: The Sudanese did not ask the Americans to leave... and by God, he cannot expel them
Yesterday at 5:49 pm by Rocky
» Parliamentary Transport reduces the importance of the Kuwaiti Mubarak Port
Yesterday at 5:48 pm by Rocky
» The representative believes that it will be difficult to pass the budget schedules today for several
Yesterday at 5:47 pm by Rocky
» Al-Faw port: Iraqi insistence and Kuwaiti envy
Yesterday at 5:46 pm by Rocky
» Sudanese directs to work with maximum efforts to provide the necessary fuel for electric power produ
Yesterday at 5:43 pm by Rocky
» OPEC Plus forces Iraq to reduce 650 thousand barrels per day
Yesterday at 5:42 pm by Rocky
» Parliamentary Energy attacks the Ministry of Electricity: Be honest with the people instead of “fake
Yesterday at 5:41 pm by Rocky
» 83 Iraqi government departments cancel the “paper” breast health system
Yesterday at 5:40 pm by Rocky
» Electricity renews its vows: Energy production in the summer of 2024 will be the best
Yesterday at 5:39 pm by Rocky
» It includes international agencies...preparing to open the largest mall in an Iraqi governorate
Yesterday at 5:38 pm by Rocky
» Nineveh complains of its lack of allocations in the 2024 budget: 400 billion is not enough
Yesterday at 5:37 pm by Rocky
» A slight increase in the price of the “green currency”... recording 145,250 dinars for every 100 dol
Yesterday at 5:35 pm by Rocky
» Launching the activities of the Regional Forum of the Arab Network for Promoting Integrity
Yesterday at 5:34 pm by Rocky
» The Sudanese advisor reveals the amount of cash flow.. Is it related to delayed salaries?
Yesterday at 5:33 pm by Rocky
» Al-Sudani: Iraq has a real opportunity to possess an advanced industry
Yesterday at 5:32 pm by Rocky
» Education Parliament: Amending the 2020 law will consolidate certificates
Yesterday at 5:31 pm by Rocky
» Electricity: Energy production in the summer of 2024 will be the best
Yesterday at 5:29 pm by Rocky
» 40 various projects to improve the environmental reality
Yesterday at 5:28 pm by Rocky
» 40 various projects to improve the environmental reality
Yesterday at 5:27 pm by Rocky
» 40 various projects to improve the environmental reality
Yesterday at 5:27 pm by Rocky
» 40 various projects to improve the environmental reality
Yesterday at 5:27 pm by Rocky
» 40 various projects to improve the environmental reality
Yesterday at 5:26 pm by Rocky
» A professional international company to operate the Grand Port of Al-Faw
Yesterday at 5:24 pm by Rocky
» Transporting oil and gas via the “development road”
Yesterday at 5:23 pm by Rocky
» The European Union: Iraq has made great strides in the fight against corruption...and European banks
Yesterday at 5:19 pm by Rocky
» A parliamentary request to make amendments to the budget law in this regard.
Yesterday at 5:18 pm by Rocky
» OPEC Plus keeps extending oil production cuts until the end of 2025
Yesterday at 5:14 pm by Rocky
» With the participation of 27 countries, the 2024 Hotel Show will start in Dubai tomorrow
Yesterday at 5:13 pm by Rocky
» The Iraqi Trade Bank warns of fake pages bearing its name and logo
Yesterday at 5:12 pm by Rocky
» Agriculture discusses the draft law on the Agricultural Risk Insurance Fund
Yesterday at 5:11 pm by Rocky
» Al Rasheed Bank announces an increase in the number of its branches working to implement the compreh
Yesterday at 5:10 pm by Rocky
» The President of the Supreme Judicial Council hosts a joint meeting of the Court of Cassation and th
Yesterday at 5:08 pm by Rocky
» Planning announces the suspension of work for two days next November - urgent
Yesterday at 5:07 pm by Rocky
» The launch of the activities of the regional forum of the Arab Network for Promoting Integrity and C
Yesterday at 5:05 pm by Rocky
» Judge Zidane discusses "terrorism issues" with a French delegation in Baghdad
Yesterday at 5:04 pm by Rocky
» Health issues the ministerial order appointing scientists to permanent staff
Yesterday at 5:03 pm by Rocky
» An unknown fate for the budget tables... Disagreements interrupt the work of the Finance Committee a
Yesterday at 5:01 pm by Rocky
» Once again... Al-Barti presents a proposal to solve “all the problems” between Baghdad and Erbil
Yesterday at 5:00 pm by Rocky
» A new parliamentary pledge to remove foreign forces from Iraq: The international coalition is a thre
Yesterday at 4:59 pm by Rocky
» Barzani: It is unfortunate that we are negotiating salaries in Baghdad while Iraq lacks “good govern
Yesterday at 4:58 pm by Rocky
» The Commission suspends voter registration for the Kurdistan Regional Parliament elections - urgent
Yesterday at 4:56 pm by Rocky
» Nechirvan Barzani and a prominent American official stress the need to protect stability in Iraq
Yesterday at 4:54 pm by Rocky
» I considered it one of the company’s biggest achievements in international agreements…..Transportati
Yesterday at 4:53 pm by Rocky
» Ministry of Finance: We are keen to support all governorates according to what is decided in the bud
Yesterday at 4:52 pm by Rocky
» Labor arrests more than 40,000 people who exceeded their benefits salaries
Yesterday at 4:51 pm by Rocky
» Transport announces the disbursement of salaries to security company employees at Baghdad Internatio
Yesterday at 4:50 pm by Rocky
» Interior Ministry: Controlling electronic arms markets is possible
Yesterday at 4:49 pm by Rocky
» A representative reveals documents that were canceled in the 2024 budget tables
Yesterday at 4:46 pm by Rocky
» Will the 2024 budget be voted on in today’s session?
Yesterday at 4:45 pm by Rocky
» A judicial agreement to abide by the laws that defined the jurisdictions of the Courts of Cassation
Yesterday at 4:43 pm by Rocky
» In the presence of 12 countries.. Iraq hosts the Regional Forum for Integrity and Partnership to Fig
Yesterday at 4:42 pm by Rocky
» Basra: Corruption in Iraqi ports prompts the Customs Order Committee to extend its work
Yesterday at 4:40 pm by Rocky
» Parliamentary Committee: Iraq's ports are outside the authority of the state
Yesterday at 4:39 pm by Rocky
» The launch of the activities of the regional forum of the Arab Network for Promoting Integrity and C
Yesterday at 4:37 pm by Rocky
» Details of the joint meeting between the President of the Judicial Council and members of the Courts
Yesterday at 4:35 pm by Rocky
» The President of the Republic reiterates his rejection of the attack on Iraq and the violation of th
Yesterday at 4:34 pm by Rocky
» The European Union praises Iraq's role in combating corruption
Yesterday at 4:32 pm by Rocky
» utube MM&C 5/31/24 Iraqi Dinar-IQD Update-Budget Law-Parliament Speaker Vote-Monitoring Financial
Yesterday at 3:32 am by Rocky
» An economic expert warns of a significant increase in the budget deficit... and reveals the reason
Yesterday at 3:23 am by Rocky
» A security expert reviews the danger of Iraq allowing the presence of "neighborhood opponents"
Yesterday at 3:20 am by Rocky
» Al-Sudani: Iraq has an opportunity to possess an advanced and economically successful industry
Yesterday at 3:08 am by Rocky
» Sudanese directs the preparation of a new package to support industrial projects and encourage indus
Yesterday at 2:53 am by Rocky
» Basra relies on fair distribution between districts and districts in oil company appointments
Yesterday at 2:50 am by Rocky
» Electricity allocates a hotline to receive citizens’ reports of malfunctions and complaints
Yesterday at 2:45 am by Rocky
» The ports announce the completion of casting the pieces that make up the fully submerged tunnel
Yesterday at 2:33 am by Rocky
» The Iraqi President acknowledges that there are large numbers in prisons without charges
Yesterday at 2:31 am by Rocky
» Parliamentary Finance fails to pass the budget schedules due to (a political decision)
Yesterday at 2:22 am by Rocky
» Today...the Central Bank sells $281 million in the currency auction
Sun Jun 02, 2024 8:32 pm by Rocky
» Taxes rose by a quarter and fees by 420%.. A look at the 2024 budget tables
Sun Jun 02, 2024 8:28 pm by Rocky
» The Real Estate Bank develops a plan to follow up on collection mechanisms and collect loan receivab
Sun Jun 02, 2024 7:15 pm by Rocky
» Al-Emaar clarifies the Central Bank’s allocations for Housing Fund loans
Sun Jun 02, 2024 7:14 pm by Rocky
» The sun shines on the digital service at the Ministry of Interior: The digital data center...a quali
Sun Jun 02, 2024 7:10 pm by Rocky