Deutsche Bank said Monday, September 21 that global economic output will return to its pre-pandemic level by mid-2021, after a stronger-than-expected economic recovery in recent months, but higher debt levels and a policy shift could increase the risk of a financial crisis. “The global economic recovery from the steepest levels …

On Monday, September 21st, Barclays raised its oil price forecast for 2020 based on possible limited pressure on its demand estimates. The bank increased its forecast for the price of crude in 2020 for both Brent and US West Texas Intermediate crude by $ 2 to $ 43 and $ …

European stocks fell for the third session in a row on Monday, September 21, weighed by fears of a growing coronavirus infection on the continent and a fall in HSBC and Standard Chartered following reports alleging that the two British banks were involved in the transfer of illicit funds. The …

The yen hit a six-month high against the US dollar on Monday, September 21, posting gains for the sixth consecutive session against the US currency as stock markets tumbled. US stocks closed lower on Friday, and stock markets fell in Asia and Europe today, amid growing investor concern about the …

Oil prices fell on Monday, September 21, due to the possibility of a return to production in Libya, while increasing cases of Coronavirus fueled concerns about global demand, but a tropical storm heading towards the coast of the states on the Gulf of Mexico limited the losses. Brent crude fell …

The Turkish lira retreated to a fresh record low at 7.58 against the dollar as attention shifted towards the central bank meeting scheduled for September 24 and the possibility of more indirect monetary tightening measures or even an outright interest rate hike. At 06:52 GMT, the lira was only slightly …

Gold prices rose Monday, September 21st, buoyed by the dollar’s weakness as investors looked for words from US Fed policymakers this week to learn more about the central bank’s approach to inflation. Spot of gold rose 0.2% to 1952.59 dollars an ounce by 05:30 GMT. And gold in US futures …

The People’s Bank of China kept its key lending rate steady at 3.85% for the fifth month in a row, as this measure was in line with expectations. The People’s Bank of China kept the lending rate for five years at 4.65%. Most of the new and maturing loans depend …

The People’s Bank of China (PBOC) has set the yuan reference rate at 6.7595 versus Friday’s fix at 6.7591.

There were a lot of market drivers last week like the Fed and Bank of England meeting and tensions over the Brexit talks and developments for the Corona vaccine as well as the continuing trade tension between the US and China and the TikTok crisis. There was a lot of …