British Prime Minister Boris Johnson’s spokesman told reporters on Monday that the UK is prepared to negotiate for as long as there is time and if they think a deal is possible, as reported by Reuters. “We will not extend the transition period, there will be no negotiations in 2021.” …
Read More »EU’s Barnier: Negotiations to Continue Until Wednesday But no Further
The European Union’s chief Brexit negotiator, Michel Barnier, has told the members of European Parliament that negotiations on a post-Brexit deal could continue until Wednesday but no further, RTE Europe Editor Tonny Connelly said on Monday.
Read More »Hopes For a Vaccine Raise Investor Sentiment
A survey reported that investor sentiment in the Eurozone rose more than expected in December, reaching its highest level since February, supporting expectations for an economic recovery thanks to the near availability of vaccines. Sentex Eurozone index rose to -2.7 from -10.0 in November. A Reuters poll had forecast a …
Read More »UK: The Largest Annual Increase in UK Home Prices Since 2016
The monthly figures from Halifax Mortgage Lender showed UK home prices last month recorded their biggest annual increase since June 2016. Halifax said house prices increased 1.2% in November, and have risen 6.5% over the last five months, the largest increase since 2004.
Read More »US Dollar Index Continues Moving Towards Its Two And a Half Year Low
The US dollar index on Monday, December 7, remained near a two-and-a-half-year low it reached on Friday, as weak US job data boosted expectations for economic aid, while the British pound fell as Britain and the European Union embark on a final attempt to strike a trade deal. Fears are …
Read More »Gold Rising as US Stimulus Tilts Over Vaccine Hopes
Gold prices rose slightly on Monday, December 7, as weak US job data supported hopes for more fiscal stimulus, although optimism about the deployment of vaccines to prevent the Coronavirus curbed the gains. The spot price of gold rose 0.2% to $ 1841.93 an ounce by 05:54 GMT, while US …
Read More »China Posted Its Largest Trade Surplus in 30 Years
China’s exports jumped by 21.1% last November, the largest increase in two years, while imports rose 4.5% for the same period. This resulted in a trade surplus of $ 75.4 billion, and this surplus is the largest in 30 years. China’s trade balance with the United States reached a new …
Read More »Oil Falling From Its Highest Level in Months Due to Covid-19 Measures
Oil prices fell on Monday, December 7, from their highest levels in months, with the continuing increase in infections with the Coronavirus globally and renewed closure measures, the latest of which included the imposition of strict restrictions in southern California in the United States, the largest consumer of crude in …
Read More »Japan’s Nikkei Index is Slipping From a 29-and-a-Half Year High
Japanese stocks closed lower Monday, December 7, as the Nikkei benchmark retreated from its highest levels in more than 29 and a half years, as gains for five consecutive weeks raised some concerns from a frenzied market and prompted investors to sell for profit. Nikkei fell 0.76% to 26547.44 points, …
Read More »Germany’s DAX Based on Support
The German DAX started its first weekly trading with a bullish bias after it succeeded in building a base on the pivotal support floor located at 13,220. On the technical side, we tend to be positive, depending on the stability of trading above the mentioned support, in addition to the …
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