In an interview with Dubai TV, Director of Research and Development at Noor Capital, Mohamed Hashad takes a closer look at the markets. Oil Oil began to rise towards $ 41 levels on their way to record the second week of gains by more than 10%. There are several factors …
Read More »Moderna Says Its COVID-19 Vaccine is 94.5% Effective
Moderna said its initial, third-beta data show its coronavirus vaccine is more than 94% effective in preventing Covid-19 – a result that CEO Stéphane Bancel has called it a “game-changer”. He added, “The thing that got me the most excited today was the severe disease.” Moderna, which developed its vaccine …
Read More »Risk Flows Started to Dominate Markets After Moderna Announces Longer Shelf Life For Vaccine
Risk flows started to dominate financial markets on Monday after Moderna announced that its COVID-19 vaccine candidate is expected to remain stable at standard refrigerator temperatures of 2° to 8°c for 30 days.
Read More »European Stocks Rise on Chinese Data
European stocks rose on Monday (November 16th), hovering near nine-month highs after strong Chinese data and hopes for a COVID-19 vaccine renewed bets on a faster economic recovery. Chinese factory production increased faster than expected in October and retail sales rose as the recovery momentum in the world’s second largest …
Read More »China Says it Will Boost Investment in Strategic Industries
China’s National Bureau of Statistics said that Chinese economic growth will accelerate in the Q4 at a faster pace than in Q3. The latest data showed that Chinese industrial output rose faster than expected in October, while retail sales grew at a slower than expected pace.
Read More »Oil Rising on Hopes of Restricting OPEC Supply
Oil prices rose on Monday, November 16, offsetting some of the previous session’s losses to support hopes that OPEC + will maintain the current production restrictions, overshadowing concerns about the decline in fuel demand due to the growing infection with the Coronavirus and the increase in production in Libya. Prices …
Read More »Japan’s economy growing by more than 21% in Q3
Japan’s economy grew at its fastest pace ever in Q3 of the year, rebounding strongly after the biggest downturn of the post-war era, as improved exports and consumption helped overcome the damage caused by the coronavirus pandemic. However, analysts described the exceptionally strong recovery after the previous severe recession and …
Read More »Gold Reaches a Week High
Gold touched its highest level in a week on Monday, November 16, in light of the dollar’s decline, while the escalation of Coronavirus cases in the United States fueled concerns about the repercussions of the pandemic on the economic recovery, which supported hopes for more monetary stimulus. The spot price …
Read More »Japan Shares Closed 29-year Peak on Rebound in Economic Growth
Japanese stocks touched their highest level in 29 years Monday, November 16, after the economy grew for the first time in four quarters and in light of progress towards a vaccine for Covid-19. The benchmark Nikkei Index closed 2.05% higher at 25,906.93 points, its highest close since June 1991. The …
Read More »Chinese Industrial Production Rose 6.9% in October YoY
Chinese industrial production rose faster than expected in October, while retail sales continued to recover, albeit at a slower pace than expected, as the world’s second-largest economy emerged from the recession that accompanied the spread of the Coronavirus. Data from the National Bureau of Statistics showed that Chinese industrial production …
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