The S&P 500 index could rise by 20% and hit 4,300 points by the end of 2021, according to a recent report by Goldman Sachs that was picked up by MarketWatch. Positive news about Coronavirus vaccine trials have improved investors’ sentiment in the stock market, and an economic recovery from …

The Turkish Lira (TRY) is recovering against the US Dollar (USD) after recently falling to new unprecedented record lows. Changes in the leadership of the Turkish central bank and the finance ministry are seemingly providing some short turn support to the Lira, which rose to its highest level against the …

The Euro (EUR) is declining against the US Dollar (USD) on Wednesday with the later rising and the European currencies being weighed down by fears over the new wave of the Coronavirus pandemic. Lockdowns in many European countries, and fears of a prolonged economic recession are both pushing the European …

The Prime Minister of Canada, Justin Trudeau, expects a trade agreement with the United Kingdom (UK) to be reached by the end of 2020, Reuters reported. “I think we’re ready to have it done before January 1. One of the challenges is bandwidth.” “The UK hasn’t had to negotiate trade …

European stocks closed higher on Wednesday, as the market remains optimistic about the positive results shown by the COVID-19 vaccine being developed by Pfizer and BionTech. The STOXX Europe 600 index closed higher by 1.2%, while the UK’s FTSE100 added 1.56%. The French index CAC40 rose by 0.67%, while the …

The state of Georgia will hold a statewide recount of ballots cast in the recent presidential elections between President Donald Trump and President-elect Joe Biden, Secretary of State Brad Raffensperger announced Wednesday, CNBC reported. “With the margin being so close, it will require a full, by-hand recount in each county.” …

The European Union (EU) supported a small trade agreement with the United States that will see the removal of tariffs on American lobsters, as the US awaits a new administration, Reuters reported. The agreement, which was reached in August, will remove 8% to 12% tariffs on the imports of lobsters, …

The US Dollar (USD) continues to show a positive performance on Wenesday, supported by an improved investors’ sentiment. The Dollar Index (DXY), which measures the performance of the USD against a basket of six major international currencies, is up by 0.45% at 93.17 earlier in the American session. The index …

The European Union (EU) and the European Parliament have agreed on the details of the next European budget with a total value of EUR 1.8 trillion, it was reported on Tuesday. The 2021-2027 EU budget will include a new recovery package for curbing the impact of the Coronavirus (COVID-19) crisis. …

Treasury yields in the United States mostly increased on Tuesday. Return on the 10-year Treasury bonds rose by 1.3 basis points to 0.970%. Meanwhile, the 30-year bond yield increased by 0.9 basis point to 1.759%, its highest level since March. The two-year note yield remained nearly unchanged at 0.183%.