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Market News

Market News section of Tradingpeek.com, which a specialist in the financial markets, make a comprehensive coverage of commodity markets, currencies, stocks and indices from important news to detailed fundamental analysis of various financial markets from global and Arab exchanges and forex trading.

Forex news

Pound is falling against the major currencies due to Brexit pressure

Sterling fell against major currencies under pressure from exit reports amid several statements from the European Union, British Prime Minister Johnson and Bank of England Governor Mark Carney. EU: UK is the biggest loser in Brexit  The United Kingdom will be the biggest loser if it leaves the European Union without an agreement, European Commission spokeswoman Natasha Bertude said on Monday. Speaking to reporters in Brussels, Bertude said: "The EU…

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Commodities news

Oil prices rise after Houthi attack on Saudi oil field

Oil prices rose more than 1 percent on Monday after a drone attack claimed by Yemen's Houthi rebels sparked a fire at a Saudi oil and gas field. Saudi Aramco's Shaybah oil facility was attacked by a drone on Saturday, raising tensions in the Middle East. This resulted in a fire but no interruption in oil production or transportation. Iran says it has warned the United States not to seize…

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Stocks and Indices news

Asian stocks diverge as China adjusts prices for new loans

Asian stocks rose on Tuesday after China officially announced the introduction of new loan interest rates (LPR), which should cut corporate borrowing costs. The trade war remained a hot topic, with US Vice President Mike Pence stipulating a trade deal between Washington and Beijing as "the integrity of Hong Kong." Huawei also urged the United States to stop the "unfair treatment" it receives. Meanwhile, Hong Kong Chief Executive Carey Lam…

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