Market Update

Here you can find the forecasts of economists and researchers of 4 major banks regarding the upcoming employment data. CIBC “There was likely an echo in March from February’s boom in hiring. As restrictions were further relaxed, employment likely recovered more ground, particularly in the hardest-hit sectors of the economy. …

Buckingham Palace: The death of Prince Philip, Queen Elizabeth’s husband, this morning to be updated…

Investors have poured more money into stocks over the past five months than the market has received in the past twelve years, bank of America’s weekly flow data revealed on Friday (April 9th), as ultra-easy monetary policies and unprecedented stimulus sparked a massive shift toward equities. Bank of America said …

German exports rose in February, as they received support from increased trade with China in a new indication that factories in Europe’s largest economy are buoyant despite a sharp drop in trade with the United Kingdom after its exit from the European Union. On Friday, April 9, the Federal Statistics …

Car sales in China rose in March, posting gains for the twelfth month in a row, as the world’s largest auto market leads the sector’s recovery from the Corona pandemic. Data from the China Automobile Manufacturers Association revealed that sales reached 2.53 million cars in March, up 74.9% year-on-year. Sales …

Gold prices fell on Friday, April 9th, as strong economic data from China boosted hopes for a quick recovery, but the yellow metal is on track to rise by more than 1% per week with the dollar and US Treasury yields falling from their recent high levels. China’s factory-gate prices …

Industrial Production in Germany showed a sharp increase in February, suggesting that the recovery in the manufacturing sector may have regained momentum. The industrial output arrived at 3.6% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. a 2.4% rise expected and -3.5% …

Japanese shares closed higher on Friday (April 9th), as they received support from growing expectations that companies will post strong earnings and issue optimistic expectations as the earnings reporting season begins. The Nikkei index rose 0.2% to 29,768.06 points, while the broader TOPIX index gained 0.39% to 1,959.47 points. Stocks …

The United States Federal Reserve should not pull back its easing policies until the coronavirus pandemic is fully over, according to the President of the Federal Reserve Bank of St. Louis Fed, James Bullard. “We have to get the pandemic behind us first,” “There are still risks and things could …

The United States Federal Reserve does not plan to reduce the current measurements to support the American economy, Chairman Jerome Powell said on Thursday during the International Monetary Fund and World Bank spring meetings. Powel expects the rise in inflation this year to be temporary, noting that the recovery depends …