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The Russian Defense Ministry said on Monday that the Russian and Egyptian warships will stage joint exercises this week as part of a "scheduled business call" of a detachment of Russian Navy ships to the Egyptian port of Alexandria.

The ministry said the ships will "practice elements of joint maneuvering, conduct communications and inspection training." The visit is expected to be "another practical step in strengthening Russian-Egyptian naval cooperation," it added.

Baha Breaking News (BBN) / DJ

Major European stock indexes traded lower in the premarket session on Monday as investors digested the far-right parties surge in the European Parliament election. The ballot showed Austrian, French, Belgian, German, and Spanish right-wings parties gaining ground with French President Emmanuel Macron dissolving the National Assembly and calling a snap election.

At 8:09 am CET, the FTSE 100 lost 0.44%. The Euro Stoxx 50 declined by 0.79%. The DAX decreased 0.44% and the CAC 40 went 0.95% down.

The euro lost 0.62% against the dollar at 8:08 am CET, selling for $1.07515. Meanwhile, the pound traded 0.08% lower against the US currency to go for $1.27123 simultaneously.

Baha Breaking News (BBN) / RR

Happy Monday y’al

Major European stock indexes traded lower in the premarket session on Monday as investors digested the far-right parties surge in the European Parliament election. The ballot showed Austrian, French, Belgian, German, and Spanish right-wings parties gaining ground with French President Emmanuel Macron dissolving the National Assembly and calling a snap election.

At 8:09 am CET, the FTSE 100 lost 0.44%. The Euro Stoxx 50 declined by 0.79%. The DAX decreased 0.44% and the CAC 40 went 0.95% down.

The euro lost 0.62% against the dollar at 8:08 am CET, selling for $1.07515. Meanwhile, the pound traded 0.08% lower against the US currency to go for $1.27123 simultaneously.

Baha Breaking News (BBN) / RR

Happy Monday y’al

Gold currently $2292.66

The price of precious metals dropped further on Friday after data by the United States Bureau of Labor Statistics revealed that nonfarm employment in the country rose by 272,000 in May, going above analysts' projections.

The hotter-than-expected reading suggests that the labor market is still able to withstand tight monetary conditions, thus pushing prospects of a summer rate cut further away. During the reported month, the unemployment rate grew to 4%, seemingly offering a mixed picture of the country's labor market.

Silver fell 4.91% to sell at $29.79 per ounce at 9:14 am ET. Gold decreased 2.36% to trade at $2,319.88 per ounce. At the same time, palladium slipped 1.62% to go at $904.44 per ounce, and platinum shed 2.57% to $982.08 per ounce.

Baha Breaking News (BBN) / AB

Gold currently $2309.00

Major European stock indexes traded mixed in the premarket session on Friday after the European Central Bank decided to lower interest rates for the first time since 2019. Additionally, market participants awaited the latest reports on the British housing market and German international trade and industrial production.

The DAX fell by 0.11% at 8:00 am CET, while the FTSE 100 rose by 0.15%. At the same time, the CAC 40 and the Euro Stoxx 50 traded flat.

Both the euro and the pound traded flat against the dollar at 7:59 am CET, selling for $1.08905 and $1.27849, respectively.

Baha Breaking News (BBN) / JJ

Happy Friday y’al

Enjoy your weekend

Major European stock indexes traded mixed in the premarket session on Friday after the European Central Bank decided to lower interest rates for the first time since 2019. Additionally, market participants awaited the latest reports on the British housing market and German international trade and industrial production.

The DAX fell by 0.11% at 8:00 am CET, while the FTSE 100 rose by 0.15%. At the same time, the CAC 40 and the Euro Stoxx 50 traded flat.

Both the euro and the pound traded flat against the dollar at 7:59 am CET, selling for $1.08905 and $1.27849, respectively.

Baha Breaking News (BBN) / JJ

Happy Friday y’al

Enjoy your weekend

Gold currently $2376.93

The prices of precious metals mostly increased on Thursday with silver shooting up 3% as investors digested the latest jobs data and monetary policy decisions.

Yesterday, the number of jobs in the United States private sector rose by 152,000, less than analysts expected and pointing to a potential cooling of the jobs market. Now, traders will focus on the nonfarm payrolls coming on Friday. In the meantime, the European Central Bank (ECB) took a bold step today, deciding to ease its monetary policy for the first time in five years.

Silver skyrocketed 3% at 11:16 am ET, going for $30.92. A minute later, gold advanced 0.68%, going for $2,371.14, and platinum gained 0.24%, selling at $1,001.91. Meanwhile, at 11:18 am ET, palladium dipped 0.27%, going for $917.90.

Baha Breaking News (BBN) / AY

Gold currently $2375.54

Equities in Europe traded mostly higher in the premarket on Thursday in anticipation of the European Central Bank's (ECB) newest monetary policy decision. Moreover, the United Kingdom will see its latest results in the construction sector, and the Eurozone in its retail sales.

The DAX lost 0.19% at 8:00 am CET. At the same time, the FTSE 100 rose by 0.28%. The CAC 40 gained 0.23%. The Eurostoxx 50 increased by 0.38%.

The euro grew by 0.15% against the United States dollar at 7:58 am CET to sell for $1.08849. Simultaneously, the pound sterling stood flat against the greenback to change hands for $1.27932.

Baha Breaking News (BBN) / JR

Equities in Europe traded mostly higher in the premarket on Thursday in anticipation of the European Central Bank's (ECB) newest monetary policy decision. Moreover, the United Kingdom will see its latest results in the construction sector, and the Eurozone in its retail sales.

The DAX lost 0.19% at 8:00 am CET. At the same time, the FTSE 100 rose by 0.28%. The CAC 40 gained 0.23%. The Eurostoxx 50 increased by 0.38%.

The euro grew by 0.15% against the United States dollar at 7:58 am CET to sell for $1.08849. Simultaneously, the pound sterling stood flat against the greenback to change hands for $1.27932.

Baha Breaking News (BBN) / JR

Gold currently $2367.22

The prices of precious metals increased on Wednesday following the release of the latest private sector data from the United States. Automatic Data Processing Inc. (ADP) revealed in its National Employment Report that private hiring rose by 152,000 in May, below estimates of 175,000 and missing April's 188,000.

The weaker-than-expected number signaled that the labor market isn't as hot as previously believed and seemingly reinforced hopes that the Federal Reserve could soon start easing its monetary policy.

Gold surged 1.24% at 2:44 am ET, going for $2,356.09. A minute later, silver advanced 1.75%, selling at $30.02. Concurrently, platinum gained 0.55%, going for $998.17, and palladium added 2.15%, selling at $920.90.

Baha Breaking News (BBN) / RR

Gold currently $2355.29

Stock markets in Europe were largely above the flatline during Wednesday's premarket hours with data releases taking center stage of today's trading session, with all eyes on reports on the manufacturing and services sectors for the Eurozone, Germany, and Britain.

In addition, the euro area's producer inflation data will be released after the opening bell. The European Union finance ministers are expected to convene a virtual meeting on raising funds for Ukraine later today.

The Euro Stoxx 50 climbed 0.15%. The DAX was flat. The FTSE 100 rose 0.45%. The CAC 40 gained 0.20%. The euro and the pound were flat against the dollar, selling at 1.08777 and 1.27715 respectively at 7:55 am CET.

Baha Breaking News (BBN) / AB

Happy hump y’al

Stock markets in Europe were largely above the flatline during Wednesday's premarket hours with data releases taking center stage of today's trading session, with all eyes on reports on the manufacturing and services sectors for the Eurozone, Germany, and Britain.

In addition, the euro area's producer inflation data will be released after the opening bell. The European Union finance ministers are expected to convene a virtual meeting on raising funds for Ukraine later today.

The Euro Stoxx 50 climbed 0.15%. The DAX was flat. The FTSE 100 rose 0.45%. The CAC 40 gained 0.20%. The euro and the pound were flat against the dollar, selling at 1.08777 and 1.27715 respectively at 7:55 am CET.

Baha Breaking News (BBN) / AB

Happy hump y’al

Gold currently $2337.42

Major European stock indexes traded lower during the premarket session on Tuesday as market participants awaited fresh reports on Swiss inflation and the German unemployment rate. Investors looked ahead to the European Central Bank's next monetary policy decision, which should be unveiled on Thursday.

The DAX fell 0.21% at 8:00 am CET, while the FTSE 100 dropped 0.10%. At the same time, the CAC 40 lost 0.19% and the Euro Stoxx 50 declined by 0.09%.

Both the euro and the pound were flat against the dollar at 7:58 am CET, selling for $1.09035 and $1.28020, respectively.

Baha Breaking News (BBN) / JJ

Major European stock indexes traded lower during the premarket session on Tuesday as market participants awaited fresh reports on Swiss inflation and the German unemployment rate. Investors looked ahead to the European Central Bank's next monetary policy decision, which should be unveiled on Thursday.

The DAX fell 0.21% at 8:00 am CET, while the FTSE 100 dropped 0.10%. At the same time, the CAC 40 lost 0.19% and the Euro Stoxx 50 declined by 0.09%.

Both the euro and the pound were flat against the dollar at 7:58 am CET, selling for $1.09035 and $1.28020, respectively.

Baha Breaking News (BBN) / JJ

Gold currently $2349.07

European markets were higher during the premarket hours on Monday ahead of the release of manufacturing activity data in Germany, the United Kingdom, Switzerland, and the Eurozone.

The DAX gained 0.29%. The CAC 40 climbed 0.31%. London's FTSE 100 rose 0.43%. The Euro Stoxx 50 increased 0.32%.

The euro and the pound sterling were flat against the dollar, selling at 1.08530 and 1.27387 respectively at 7:58 am CET.

Baha Breaking News (BBN) / AB

Happy Monday y’al

European markets were higher during the premarket hours on Monday ahead of the release of manufacturing activity data in Germany, the United Kingdom, Switzerland, and the Eurozone.

The DAX gained 0.29%. The CAC 40 climbed 0.31%. London's FTSE 100 rose 0.43%. The Euro Stoxx 50 increased 0.32%.

The euro and the pound sterling were flat against the dollar, selling at 1.08530 and 1.27387 respectively at 7:58 am CET.

Baha Breaking News (BBN) / AB

Happy Monday y’al

Gold currently $2318.80

European stocks traded higher on Friday premarket ahead of more economic data releases. Today, the bloc will receive inflation reports from France, Italy, and the eurozone. In addition, UK housing data and more speeches from bankers will characterize the session.

The DAX gained 0.09% at 7:50 am CET, while the CAC 40 was flat and the FTSE 100 rose 0.05%. The pan-European Euro Stoxx 50 inched up 0.10% a minute later.

At 7:49 am CET, the euro was down by 0.11% against the dollar, selling for $1.08205. The pound lost 0.08% to go for $1.27224 at the same time.

Baha Breaking News (BBN) / JG

Happy Friday y’al

Enjoy your weekend

European stocks traded higher on Friday premarket ahead of more economic data releases. Today, the bloc will receive inflation reports from France, Italy, and the eurozone. In addition, UK housing data and more speeches from bankers will characterize the session.

The DAX gained 0.09% at 7:50 am CET, while the CAC 40 was flat and the FTSE 100 rose 0.05%. The pan-European Euro Stoxx 50 inched up 0.10% a minute later.

At 7:49 am CET, the euro was down by 0.11% against the dollar, selling for $1.08205. The pound lost 0.08% to go for $1.27224 at the same time.

Baha Breaking News (BBN) / JG

Happy Friday y’al

Enjoy your weekend

Gold currently $2342.63

Major European stock indexes traded lower in the premarket session on Thursday as the public is still digesting yesterday's German inflation data and is awaiting further reports on consumer prices from other economies, including Spain today when markets open. In addition, the European Union will update information on unemployment and consumer confidence.

At 8:00 am CET, the FTSE 100 lost 0.46%. The Euro Stoxx 50 declined by 0.40%. The DAX decreased 0.30% and the CAC 40 went 0.28% down.

The euro lost 0.10% against the dollar at 7:59 am CET, selling for $1.07901. Meanwhile, the pound traded 0.11% lower against the US currency to go for $1.26871 simultaneously.

Baha Breaking News (BBN) / AC

Major European stock indexes traded lower in the premarket session on Thursday as the public is still digesting yesterday's German inflation data and is awaiting further reports on consumer prices from other economies, including Spain today when markets open. In addition, the European Union will update information on unemployment and consumer confidence.

At 8:00 am CET, the FTSE 100 lost 0.46%. The Euro Stoxx 50 declined by 0.40%. The DAX decreased 0.30% and the CAC 40 went 0.28% down.

The euro lost 0.10% against the dollar at 7:59 am CET, selling for $1.07901. Meanwhile, the pound traded 0.11% lower against the US currency to go for $1.26871 simultaneously.

Baha Breaking News (BBN) / AC

Gold currently $2325.96