Twitter-listed shares in Germany tumbled 8% in the first session of the week after the company permanently suspended the account of US President Donald Trump on Friday evening. The company said that the suspension of Trump’s account, which has more than 88 million followers, came due to the risk of …
Read More »Wall Street Abandon Sanctioned Chinese Shares
Wall Street firms operating in Hong Kong have indicated that they will reduce their exposure to Chinese companies included in a US ban on investing in companies that Washington considers linked to the Chinese military before the rules come into effect later Monday. Goldman Sachs, JP Morgan and Morgan Stanley …
Read More »Eurozone Sentix Investor Confidence Beats Estimates With 1.3 in Jan
Eurozone’s investor morale jumped more-than-expected in January, the latest data published by the Sentix research group showed on Monday. The gauge came in at 1.3 in January from -2.7 in December vs. a reading of 0.7 expected.
Read More »Oil Prices Fell Due to Renewed Coronavirus Fears
Brent crude prices fell, a dollar per barrel, on Monday, January 11, as they were affected by renewed concerns about global demand for fuel in light of strict lockdown measures aimed at combating the spread of the Coronavirus in Europe and new restrictions on movement in China, the second-largest consumer …
Read More »European Shares Down on Lower Commodities And Virus Concerns
European stocks retreated from a more than ten-month peak Monday (January 11th) as investors reaped profits after a strong week while increasing coronavirus cases on the continent and mainland China pushed energy and mining shares lower. The European Stoxx600 index was down 0.1%. The German index lost 0.4% and the …
Read More »The unemployment Rate in Turkey Stabilized at 12.7% in October
Official data showed that the unemployment rate in Turkey stabilized at 12.7% in October, unchanged from a month ago, while the labour force participation rate fell to 50%. The unemployment rate was 13.4% a year ago. During 2020, the rate remained low due to the ban on layoffs during the …
Read More »The Turkish Lira Drops More Than 2% With the Rise of The US Dollar
The Turkish lira fell more than 2% against the dollar, with continued gains in the US currency amid hopes of further stimulus for the US economy. The lira was at 7.47 against the dollar, compared to Friday’s closing level of 7.3550. Earlier, the pound had fallen about 2.2% to 7.52 …
Read More »Gold Falls With The Rise of US Dollar And Pressure From Treasury Yields
Gold fell on Monday, January 11th, to touch its lowest level in six weeks earlier in the session, as prices remain under pressure due to the rise in the dollar and US Treasury yields. Gold fell in immediate transactions 1.7% to $1816.53 an ounce, its lowest level since the second …
Read More »Bitcoin May Face Temporary Negativity
The current movements of Bitcoin are witnessing a downward trend as a result of struggling with the psychological barrier of 40,000 within a bearish context targeting a re-test of 30,670. Technically, The simple moving averages pressing the price from the top, with negative signs from stochastic indicator. Consequently, we may …
Read More »DAX Re-test Support
The German DAX index was able to touch our desired target at 14,130. to post high at 14,122. On the technical side, with the index’s managed in to build on support floor of 13,990/13,970 accompanied by the index obtaining upward momentum from the RSI. It encourages us to maintain our …
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