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Commodity markets boom with sharp rises last week

ISTANBUL: Commodity markets followed a positive course with sharp rises last week, as the expectations for a 50-basis-point rate cut by the Fed gained strength, while bond yields and the US Dollar Index retreated.

Former Fed official William Dudley s…

Euro area posts international trade surplus of $23.6B in July

ISTANBUL: The international trade surplus in the euro area was at pound 21.2 billion ($23.6 billion) in July, Eurostat announced on Monday.

The euro area exports to the rest of the world totaled pound 252 billion, up 10.2% year-on-year, while imports…