Treasuries Close Roughly Flat Following Choppy Trading Day

After trending lower over the past several sessions, treasuries showed a lack of direction during the trading day on Friday. Bond prices spent the day bouncing back and forth across the unchanged line before closing roughly flat. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, edged…

Oil Futures Settle Sharply Lower On Demand Concerns

Crude oil prices drifted lower on Friday weighed down by worries about energy demand outlook due to the surge in coronavirus cases in several countries and fresh lockdown measures. Worries about excess supply in the market due to a surge in oil exports from Libya and data showing another increase in U.S. oil-rig count…

Gold Futures Settle Flat For The Day

Gold futures failed to hold early gains and ended roughly flat on Friday, as the dollar came off early lows due to a lack of concrete news regarding a new coronavirus stimulus bill. Continued spikes in coronavirus cases across the world and fresh lockdown restrictions in several countries supported the yellow metal The dollar…

Belgium Business Confidence Unexpectedly Improves In October

Belgium business confidence improved in October, defying expectations for a weakening, survey data from the National Bank of Belgium showed on Friday. The business confidence index climbed to -8.5 from -10.8 in September. Economists had expected a score of -11.5. The survey was conducted between October 1 and 22 and reflects only partly the…

Russia Central Bank Keeps Rate On Hold

Russia's central bank left its key interest rate unchanged at a record low as widely expected and signaled more easing at next meetings. The Board of Directors, led by Governor Elvira Nabiullina, on Friday decided to retain the benchmark rate at 4.25 percent. The bank had reduced the rate by 25 basis points in…