Levant news

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 Markets brief

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 Reports

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 Reports

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 Reports

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 Reports

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 Reports

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.

Goods and Metals

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 Reports

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 Markets brief

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 Reports

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.

Global Markets brief

21 June 2019 04:11 PM World’s personal wealth growth slows down to 5-yr low pace

Mubasher: Global wealth growth posted the slowest pace seen since five years as the worst stock market defeat hit high-net-worth individuals.

Global Markets brief

21 June 2019 03:30 PM Fed official votes against rate decision over soft inflation, growth

Mubasher: St Louis Federal Reserve Bank President James Bullard said he voted against the central bank’s decision to hold interest rates unchanged, Reuters reported.

Global Markets brief

21 June 2019 02:52 PM Global negative-yielding bonds total $13trn– Report

Mubasher: Dovish signals from central banks in Europe and the US boosted the total value of negative-yielding bonds by around $1.2 trillion this week.

Global Reports