Data from the Turkish Statistical Institute showed today, Friday, that Turkey’s economic sentiment index fell 3.5% on a monthly basis in November to 89.5 points, as an increase in the frequency of new cases of coronavirus pushed Ankara to impose partial restrictions. The index had risen for six consecutive months …
Read More »Dollar Declining And Heading For Weekly losses. AUD and NZD Climbing
The dollar fell in early trading in London on Friday and is heading to suffer a weekly loss against a basket of currencies, even though the stock market lost momentum as sentiment hurt from doubts about the AstraZeneca vaccine for Covid-19. The dollar has lost more than 2.2% since the …
Read More »European Stocks Heading For a Fourth Weekly Gain, But Vaccine Concerns Are High
European stocks rallied on Friday, as investors were cautious before the torrent of economic data expected to be released later today, while sentiment was also affected by doubts about the effectiveness of the AstraZeneca vaccine for Covid-19. The pan-European STOXX 600 index fell 0.1%, as the travel and energy sectors …
Read More »Germany Planning New Debt of Around 180 Billion Euros in 2021
Germany intends to borrow 179.82 billion euros (214.36 billion dollars) next year, nearly double the 96 billion euros expected before that, lawmakers told Reuters on Friday, as Berlin is expanding aid measures to mitigate the impact of the Covid-19 pandemic on Europe’s largest economy. The German parliament’s budget committee of …
Read More »Gold Heading For a Weekly Decline as Investors Focus on Vaccine Headlines
Gold fell on Friday and is heading to record its third consecutive weekly loss, as investors balance doubts about a Covid-19 vaccine that tops the nominations and optimism that the vaccines will arrive sooner than expected. Gold fell in immediate trading 0.1% to $ 1809.40 an ounce, with a weekly …
Read More »The Number of Coronavirus Cases in Germany Exceeds One Million
Data from the Robert Koch Institute for Infectious Diseases showed today, Friday, that 22,806 new confirmed cases of Coronavirus were recorded in Germany, bringing the total to one million and 6,394 cases. The data revealed that 426 new deaths were recorded, bringing the total number to 15,586.
Read More »Oil is Retreating as Rally Recedes But Heading For Weekly Gains
Oil prices fell today, Friday, in quiet trading due to the Thanksgiving holiday in the United States, as they fell amid fears of an increase in supply and doubts about the possibility of eliminating a vaccine against the Coronavirus pandemic. With the Japanese markets closed, Brent crude fell to $ …
Read More »Japan’s Nikkei Rose For a Fourth Day And Closed at a 29-Year High
The Japanese benchmark Nikkei stock index closed today, Friday, at its highest level since April 1991, as it rose for the fourth consecutive session, supported by hopes for economic recovery and strong business results, after progress in developing the Covid-19 vaccine. The Nikkei rose 0.41% to close at 26,644.71 points. …
Read More »Dax Continues to Try Positive
Positive moves dominated the German DAX index within the bullish path, as we expected it approached with a difference of a few points of the target to be achieved during the previous session, 13365, posting a high of 13340. On the technical side, the intraday movements of the index are …
Read More »Dow Jones Based on Support
The positive attempts of the Dow Jones Industrial Average on Wall Street continue to maintain the gains it made during this week’s trading. Technically, and with a closer look at the 60-minute chart, we find the RSI indicator is still providing positive signals, accompanied by the positive motivation of the …
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