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31 May 07:18 PM

Levant news

25 June 2019 01:05 PM No-deal Brexit to get parliamentary support – Boris Johnson
Mubasher: Conservative leadership candidate Boris Johnson Boris Johnson believed that the parliament would back a departure from the European Union without a transition deal.
Global Markets brief
25 June 2019 00:55 PM G20’s new trade barriers to crimp global economy–WTO
Mubasher: The World Trade Organization warned that new trade barriers placed by the world’s 20 top economies threatened to curtail the global economic growth.
Global Reports
25 June 2019 11:56 AM Dallas Fed head urges ‘additional time’ on rate cuts
Mubasher: Robert Kaplan, President of the Federal Reserve Bank of Dallas, urged his fellow central bank officials to remain patient as economic events unfold.
Global Markets brief
25 June 2019 11:32 AM Gold prices head for new peaks beyond six-yr high
Mubasher: Gold is set to post new gains amid bets on lower interest rates, a softer dollar and confrontations between the US and other nations.
Global Reports
25 June 2019 10:58 AM Oil declines amid demand jitters, but ME tensions offer support
Mubasher: Oil dropped on Tuesday amidst worries about the outlook for crude consumption, but they remained supported after the US announced new sanctions against Iran.
Global Reports
24 June 2019 07:05 PM Trump urges Asian importers to secure Hormuz Strait
Mubasher: President Donald Trump on Monday hinted that the US military may step back from securing the strategic Strait of Hormuz, amid heightened tensions.
Global Reports
24 June 2019 06:30 PM Gold to end 2019 higher on dovish C.banks – BlackRock
Mubasher: BlackRock expected gold's rally to the highest level since 2013 could continue further through the year.
Global Markets brief
24 June 2019 05:33 PM Trump denies threat to demote Fed’s head
Mubasher: US President Donald Trump denied that he threatened to demote the chair of the Federal Reserve, Jerome Powell, to the level of board governor.
Global Reports
24 June 2019 05:33 PM EBRD expands stake in Slovenia’s biggest bank
Mubasher: The European Bank for Reconstruction and Development said on Monday that it raised its stake in Nova Ljubljanska banka.
Global Reports
24 June 2019 04:21 PM Russia to counteract new US sanctions on Iran
Mubasher: Russia and its allies will take measures to counteract new sanctions on Iran to be announced by Washington.
Global Reports
24 June 2019 03:41 PM US cyber attacks on Iranian military fail–Tehran
Mubasher: Iran on Monday announced the failure of US cyber attacks on its military, but hinted that it could be willing to discuss new concessions.
Global Markets brief
24 June 2019 02:47 PM Turkish lira jumps as opposition triumphs in Istanbul election
Mubasher: The Turkish lira surged against the US dollar opposition candidate Ekrem İmamoğlu secured a narrow victory in a rerun of mayoral race in Istanbul.
Currencies
24 June 2019 02:44 PM Beijing urges US to end ‘inappropriate’ actions against Chinese companies
Mubasher: The Chinese government urged the Trump administration to stop “inappropriate” moves against Chinese firms.
Global Markets brief
24 June 2019 01:35 PM Bitcoin surges above $10,000 for first time since 2018
Mubasher: Bitcoin smashed through the $11,000 mark on Monday, as digital currencies were brought back into the spotlight.
Global Markets brief
24 June 2019 00:42 PM German business morale marks 3rd straight decline in June
Mubasher: German business sentiment extended its deterioration for the third month in a row in June.
Global Markets brief
24 June 2019 00:14 PM Daimler slashes profit outlook as diesel fallout bites
Mubasher: Daimler lowered its earnings guidance for this year, as it would have to shoulder a higher than expected financial fallout of diesel-related issues.
Global Markets brief
24 June 2019 11:20 AM Gold hovers near 6-yr peak on dovish C.banks, US-Iran tensions
Mubasher: Gold rose on Monday, trading near its highest level in six years, as safe-haven demand gained support from dovish hints from major central banks.
Global Markets brief
24 June 2019 10:44 AM Oil continues to rally on US-Iran tensions, weaker dollar
Mubasher: Oil futures traded higher on Monday, extending their gains from last week, as tensions remained high between the US and Iran.
Global Markets brief
21 June 2019 10:11 PM Oil settles higher Friday on heated Middle Eastern situation
Mubasher: Oil futures went up at Friday’s settlement, as tensions arose in the Middle East.
Oil and Energy
21 June 2019 09:58 PM Gold reaches highest finish in six years on Friday
Mubasher: Gold rose at Friday’s settlement, marking the highest level since 2013.
Goods and Metals
21 June 2019 07:35 PM Trump called off airstrike to spare Iranian lives
Mubasher: US President Donald Trump on Friday said that he called off a military strike against Iran, sparing 150 Iranian lives, Reuters reported.
Global Markets brief
21 June 2019 06:30 PM Fed official advocates half-point interest rate cut
Mubasher: Neel Kashkari, head of Minneapolis Federal Reserve Bank, on Friday urged the Federal Reserve to cut interest rates by half of a percentage point.
Global Markets brief
21 June 2019 05:39 PM US existing home sales post first growth in 2M
Mubasher: US home sales recorded the first gain in two months in May, with increases seen in the four major US regions.
Global Reports
21 June 2019 05:16 PM Trump considers Democrat proposal to raise minimum wage to $15
Mubasher: US President Donald Trump said he was weighing supporting a raise to the federal minimum wage to $15 per hour, as proposed by Democrats.
Global Markets brief
21 June 2019 04:32 PM Gold hits 6-yr peak on dovish policy signals, US-Iran tensions
Mubasher: Gold prices climbed totheir highest level in six years on Friday, exceeding the $1,400 level.
Goods and Metals