News In the Spotlight

STARTRADER Monday’s Market Update 05-06-2023

Oil prices witnessed a noticeable increase of over 2% at the beginning of the week after the Kingdom of Saudi Arabia announced an additional voluntary production cut. In the OPEC+ meeting held on June 4th, an agreement was reached to set a new production target starting from 2024, with production being reduced to 40.46 million barrels per day until the end of the year. The previous decision to voluntarily reduce production was also extended until the end of 2024.

Non-farm payrolls in America increased more than expected in May, with 339,000 jobs added, while the expectations were only 190,000 jobs.

US stock indices closed with consecutive gains following the calmness that prevailed in the markets after Congress passed the debt ceiling agreement, with the Dow Jones index surging by about 700 points.

Designer

Recent Posts

Market Recap | 21-Nov-2024

https://www.youtube.com/embed/bnsScHyQBbQ Gold (XAU/USD) continues its bullish momentum for the fourth consecutive day, trading near $2,660,…

1 hour ago

Notification of Change in the Leverage of US Shares

Dear Valued Clients, Please be advised that the leverage on all US Share CFDs products will…

10 hours ago

Money Expo Qatar 2024: STARTRADER Unearths the Riches of the Patch

Overview of the Event The Money Expo Qatar 2024 was held at the Doha Exhibition…

3 days ago

Two-Factor Authentication (2FA): A Minor Shift, a Major Boost for Security.

Dear Valued Clients, STARTRADER always prioritizes the interests of clients. With two-factor authentication (2FA), we…

3 days ago

Rollover Notification in November

Dear Valued Clients, Please be advised that the following CFD instruments will be automatically rolled…

1 week ago

Market Closure in November

Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…

3 weeks ago

This website uses cookies.