Weekly Economic Reports

Fed Chair Jerome Powell’s speech was what got most of the attention last week. Fed Chair’s comments included announcing a shift in monetary policy to support the labor market and the economy indicating that the Fed may keep low-interest rates for longer. The Dow Jones rose 0.6% to 28,653.8, posting …

Optimism regarding the development of a vaccine of Covid-19 continued to dominate the markets. Also, Democratic and Republican parties failed to reach an agreement on the second stimulus and financing package of Coronavirus. The US currency suffered heavy losses during last week’s, to record a decline for the eighth consecutive …

The yellow metal was dominant last week, as it recorded a rise of more than 3% or $ 61 to reach $ 2028 an ounce. The rise in gold came after increasing tensions between the United States and China besides the increase in Covid-19 cases, especially in the US. Oil …

Tensions between the world’s two largest economies, the United States, and China continues to increase next to increase in the number of new cases of Covid-19, particularly in the United States, all this cast a shadow over the markets as President Trump took some decisions related to China with accusations …

The return of tensions between Washington and Beijing was the centre of attention last week, with the increase in COVID-19 cases in the United States to unprecedented numbers, along with the tensions of the American presidential elections and doubts about Trump’s ability to win the upcoming polls amid the increasing …