The main indices of the New York Stock Exchange (NYSE) are ending 2020 on a positive note, supported by the recently approved government stimulus package as well as the rollout of Coronavirus vaccines. Investors are optimistic about the prospects of an economic recovery in 2021 and this has provided strong …
Read More »US Treasury Yields Decline on Thursday
Treasury yields in the United States declined on Thursday, the last trading session of 2020. The 10-year Treasury note yield decreased by one basis point to 0.916%. Return on the 30-year bond went down by 1.4 basis points to 1.648%. Meanwhile, the two-year note yield fell by 0.4 basis point …
Read More »USD Ending Worst Year Since 2017
The US Dollar (USD) is ending 2020 as its worst year since 2017, amid expectations that increased government stimulus and the easing policies of the United States Federal Reserve will further weaken the greenback in 2021. However, the USD is rising on Thursday supported by the decline in jobless claims. …
Read More »Oil Closing the Year with 20% Losses
Oil prices are declining on Thursday, the last session of 2020, a year in which crude futures lost more than 20% of their trading value. The Coronavirus pandemic has severely impacted the global oil industry, with crude prices hitting lows not seen in years amid a decline in demand for …
Read More »European Stocks End 2020 in Red
European stocks closed lower on Thursday, the last trading session of the year 2020 that was dominated by the Coronavirus pandemic. The STOXX Europe 600 index declined by 0.14% after a short trading session ahead of the New Year’s Holiday. The annual losses of the pan-European index have reached 3.8%. …
Read More »FTSE100 Sees Worst Year Since 2008
The benchmark index of the London Stock Exchange (LSE), FTSE100, declined by 1.5% to close the year at the level of 6,460 points. This means that annual losses for the index have reached 14%, registering its worst yearly performance since 2008. The last day of the year also marks the …
Read More »Gold Finishes on Higher Note
Gold prices finished Wednesday higher, supported by the decline of the US Dollar (USD) across the board. The yellow metal futures for February delivery closed higher by 0.6% at $1,893.40 per ounce. The DXY is down by 0.37% at 89.66.
Read More »British Parliament Approves Brexit Trade Deal
The British parliament has approved on Wednesday the post-Brexit trade deal with the European Union (EU). This comes a couple of days before the end of the transition period after the government of Prime Minister Boris Johnson reached an agreement with the EU regarding future relations between the two parties …
Read More »European Stocks Finish Lower
European stocks closed Wednesday on a lower note after the approval of the post-Brexit trade deal between the United Kingdom (UK) and the European Union (EU). The pan-European STOXX 600 index finished lower by 0.34%. The UK’s FTSE100 declined by 0.71%, while the French index CAC40 finished lower by 0.22%. …
Read More »What Will Move Oil Prices in 2021?
The Coronavirus pandemic has severely impacted the global oil industry, with crude prices hitting lows not seen in decades amid a decline in demand for energy in 2020. After starting the year with oil prices at $70 per barrel, supported by the recovery that was helped by the OPEC+ alliance …
Read More »