Market Update

The US Dollar (USD) is showing a mixed performance at the beginning of the week, following the release of housing and manufacturing data on Monday. The Dollar Index (DXY), which measures the USD performance in front of six major international currencies, is moving to the positive territory, after spending the …

Factory activity in the state of Texas expanded during November for the sixth consecutive month, according to data by the Federal Reserve Bank of Dallas. The production index declined from 25.5 to 7.2, indicating a deceleration in output growth. Other measures of manufacturing activity also point to slower growth this …

The United States Pending Home Sales Index decreased by 1.1% to 128.9 in October, according to data released by the National Association of Realtors on Monday. On an annual basis, pending homes sales surged by 20.2% last month.

Pending Home Sales in the US fell by 1.1% on a monthly basis in October following September’s decline of 2%, the data published by the US National Association of Realtors showed on Monday. This reading came in worse than the market expectation for an increase of 1%.

The economic consequences of the coronavirus pandemic will be felt for years to come, German Chancellor Angela Merkel said on Monday, as reported by Reuters. “I hope we can find a solution to ensure the passing of the recovery fund and the EU budget,” Merkel added

Inflation in Germany, as measured by the Consumer Price Index (CPI), was -0.8% November, Destatis reported in its flash estimate on Monday. This reading followed the 0.1% increase seen in October and missed the market expectation of -0.7%. Further details of the publication revealed that theHarmonized Index of Consumer Prices …

S&P Global Inc. has agreed to buy IHS Markit Ltd. for about $44bn in stock, a deal that accelerates the wave of consolidation among the finance industry’s biggest data providers. The mega transaction, which IHS Markit CEO Lance Uggla told employees in a note that has been in the works …

Britain has laid out detailed plans to ban Huawei from its 5G networks, and has set a deadline in September 2021 for telecom operators to stop installing the Chinese company’s equipment. The UK government decided to ban Huawei’s 5G equipment over the summer, and reverse course after mounting pressure from …

Crude oil prices fell on Monday, November 30, as investors awaited the decision of the OPEC+ producers’ group on whether to extend large production cuts to balance global markets, but the hopes of the vaccine helped keep the two benchmarks on a path of more than a fifth since the …

Data showed that Turkey’s economy grew more than expected at 6.7% in the third quarter, to recover after shrinking about 10% in the previous quarter due to the general isolation measures that were imposed to reduce infections during the first wave of the outbreak of the Coronavirus. This sudden growth, …