Daily Wrap Up – 29 May

Markets have been relatively calm today in the light of official holidays in a number of markets such as China, the United States and the United Kingdom. The main economic event today were the testimony of Mario Draghi, Governor of the European Central Bank before the Committee of Economic and Monetary Affairs at the European Parliament, he confirmed the continued recovery of the Euro-Zone economy and that it is still too early to think about changing the direction of monetary policy.


In the oil markets, crude oil has recovered significantly since the start of trading day and returned to trade at 50$ a barrel after falling after reaching a deal last Thursday among oil producers around the world to continue to reduce production for an additional nine months, while the price of Brent crude reached to 52.37 $ per barrel.


One of the highlights of today's events is the fall of the digital currency "Botcoin" by about 19% of its value to the price currently about  2,260 $ after the highest historical levels last week about 2,800$.