Uber has been ordered to pay a 300,000 euro ($336,600) penalty, adding to the challenge of a court-ordered partial shutdown imposed on its...

Stock Market

Uber Must Pay $336,600 Penalty on Top of Brussels Near-Shutdown

The Department of Energy (DOE) said, that the United States has launched an auction for 32 million barrels of crude from four strategic...

Commodities

U.S. to Sell 32 million Barrels of Crude Oil from 4 SPR Sites

The energy ministry said the United Arab Emirates will show complete commitment and cooperation with the OPEC+ agreement.

Commodities

UAE Will Offer Complete Support to OPEC+ Decisions

Asian shares fell lower as the dollar went up on Thursday. Investors are looking towards hike rate policies...

Stock Market

Asian Shares Decline as Dollar Goes Higher

The Turkish Lira began on its recovery after reaching record lows caused by the President’s interest rate cuts.

Stock Market

Turkish Lira Finally Rebounds After Months of Lows

Stock Markets

13 Oct 2021

U.S. Equity Futures, Euro Stocks Fluctuate Ahead of Earnings Reports

U.S. Equity Futures, Euro Stocks Fluctuate Ahead of Earnings Reports

The Index Today

U.S equity futures and European stocks remained unsteady ahead of inflation data report and earnings reports. S&P 500 contracts countered a previous loss whereas Apple Inc.’s shortage woes managed to creep into investor sentiment. Most stock losses were offset by the tech firms’ gains along with steady European stocks.

The U.S 10-year Treasury yield stayed below 1.60% and crude oil remained close to $80 a barrel. In other news, Chinese thermal coal futures reached a record high number. Apple Inc. shares during premarket trading after it announced a drop in production targets for the year. The main cause for lower production was cited as “chip shortages.”

The upcoming reports for corporate earnings will provide more insight into price pressures, business profits and economic growth. Central banks are beginning to contract stimulus packages and push for economic recovery. In cryptocurrency news, Bitcoin traded around $56,300 and is expected to move higher.