Market Update

The United States Federal Reserve needs to maintain interest close to 0% until economic recovery is achieved, which is expected by the end of 2022 or in 2023, according to the President of the Federal Reserve Bank of Dallas, Robert Kaplan. “I believe there are real costs to keeping rates …

European stocks closed lower on Tuesday amid increasing concerns for the rising number of COVID-19 cases in many countries across the continent. The STOXX Europe 600 index closed lower by 0.46%, while the UK’s FTSE100 index fell by 0.51%. Meanwhile, the German DAX index declined by 0.35% and the French …

President of the Federal Reserve Bank of New York, John Williams, stressed in his speech on Tuesday the need to focus on the reasons behind economic volatility in the face of the COVID-19 crisis. “We need to understand how changes in the market ecosystem, whether due to regulation, technology, or …

The Bank of England is realistic in facing the current circumstances, seeing the challenges coming with negative interest rates without ruling them out as an option to help the British economy in the face of the COVID-19 crisis, the Governor of the Bank of England, Andrew Bailey, said on Tuesday. …

The Conference Board Consumer Confidence Index increased in September, after declining in August. The US index reached 101.8, up from 86.3 in August. The Present Situation Index increased from 85.8 to 98.5, while the Expectations Index increased from 86.6 in August to 104.0 this month. “Consumer Confidence increased sharply in …

Consumer confidence in the US improved sharply in September with the Conference Board’s Consumer Confidence Index rising to 101.8, the highest reading since March, from 86.3 in August (revised from 84.8). This Further details showed that the Consumer President Situation Index climbed to 98.5 from 85.8, the Consumer Expectations Index …

The merchandise trade deficit widened in the United States in August, as imports rose as companies rebuild stocks that ran out when the coronavirus pandemic severely affected the flow of goods. The US Commerce Department said the commodity trade deficit increased 3.5% to $ 82.9 billion last month. Merchandise imports …

Inflation in Germany, as measured by the Consumer Price Index (CPI), was -0.2% (preliminary) in September, the data published by Destatis showed on Tuesday. This reading followed August’s print of -0.1% and came in lower than the market expectation of -0.1%. On a yearly basis, the CPI declined to -0.2% …

Data revealed that the economic sentiment of the Eurozone improved better than expected in September, mainly due to the increase in optimism in the services sector despite concerns about a second wave of the Covid-19 pandemic. And a monthly survey by the European Commission in the 19-nation Eurozone showed that …

Oil prices fell on Tuesday, September 29, erasing gains from the previous session, while chronic demand concerns due to the Corona pandemic outweighed hopes generated by a new US stimulus package that lawmakers find difficult to agree on. US West Texas Intermediate crude futures fell 34 cents, equivalent to 0.8%, …