Breaking News

Market Analysis

May, 2021

  • 25 May 2021 6:02 pm

    US: Philly Fed Nonmanufacturing Index Improves to 36.9 in May

    The headline Regional Business Activity Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey improved to 36.9 in May from 36.3 in April.

    Read More »
  • 25 May 2021 5:42 pm

    UK Retail Sales Are Falling Again After April Spree

    British retailers said sales were back to normal levels earlier this month after a surge in demand in April, as the easing of lockdown restrictions allowed unnecessary stores to reopen for the first time sinceMonths. The Confederation of British Industry said its monthly index of whether sales are more or …

    Read More »
  • 25 May 2021 5:00 pm

    The Dollar is Dropping as Fed Officials Calm Inflation Concerns And the Turkish President Removes The Central Bank Governor From His Post

    The dollar floated to the bottom of its range recently today, Tuesday, following weaker than expected US data and the Fed officials’ insistence again that policy will not change to subside investor fears that inflation will lead the central bank to raise interest rates. The sterling rose to return to …

    Read More »
  • 25 May 2021 4:31 pm

    Moderna: The Effectiveness of The Corona Vaccine in Children Between 12 and 17 Years Has Reached 100%

    Moderna said its vaccine for Covid-19 was 100% effective in a study of adolescents aged 12-17 years as the second vaccine after Pfizer to prove highly effective in younger age groups. The company is seeking FDA approval by next June.

    Read More »
  • 25 May 2021 2:13 pm

    The German DAX index Reaches Its Highest Levels in History, Supported by IFO

    The German DAX index records its highest levels in history, supported by the IFO index, which recorded its highest reading in two years, and supported by news that the largest residential real estate group in Europe, Vonovia and , has agreed to acquire its rival Deutsche Wohnen for about 18 …

    Read More »
  • 25 May 2021 1:25 pm

    German Business Sentiment Improved More Than Expected in May

    Germany

    Today’s survey showed that business confidence in Germany improved more than expected in May, with growing business optimism in light of the decline in coronavirus cases and cautious steps towards resuming activities of Europe’s largest economy. The IFO Institute said its business climate index rose to 99.2 from a revised …

    Read More »
  • 25 May 2021 12:57 pm

    Germany Leads Europe’s Shares Jump to a Record High After a Mega Acquisition

    European stocks hit unprecedented levels on Tuesday, as investors were optimistic on the back of a $1 billion takeover that brought together two of Germany’s biggest real estate developers and comments that calmed inflation concerns. The pan-European STOXX 600 index rose 0.3% to 446.44 points, its highest level ever. The …

    Read More »
  • 25 May 2021 12:35 pm

    The German Economy Contracted More Than Expected in Q1

    Data on Tuesday showed that the German economy contracted by more than expected 1.8% on a quarterly basis in the first three months of the year, as restrictions linked to the Coronavirus squandered private consumption in Europe’s largest economy. The Federal Statistics Office said gross domestic product shrank 3.1% year-on-year. …

    Read More »
  • 25 May 2021 12:20 pm

    Japanese Stocks Closed Higher on Wall Street’s Gains

    Japan

    Japanese stocks closed higher on Tuesday as heavy domestic tech stocks were supported by a strong Nasdaq close overnight, but fears of a slow economic recovery due to a weak start to the vaccination campaign dampened gains. The Nikkei rose 0.67% to close at 28,553.98, while the Topix index rose …

    Read More »
  • 25 May 2021 4:04 am

    Tech Companies Take Center Stage in Today’s News

    A number of news reports and stories by major international media outlets on Monday shined a light on the rising importance of technology companies in the world economy, as well as their intersection with the issues of privacy and political conflicts. In India, the police announced that they visited a …

    Read More »
  • 25 May 2021 3:00 am

    Cryptocurrencies Rebound Following Recent Declines

    Cryptocurrencies managed to rise on Monday, against a number of factors that led to a series of the recent decline, amid a crackdown by the Chinese government and increased selling pressures. Over the past 24 hours, Bitcoin rose by about 10.4%, trading at $38,444.72, reducing its losses over the past …

    Read More »
  • 25 May 2021 1:47 am

    Wall Street Close Higher with Solid Gains

    The New York Stock Exchange (NYSE) finished higher on Monday, opening the week with solid gains on the back of a strong rebound by technology stocks, amid hopes in Wall Street for the economic recovery and a decline in Treasury bond yields. The Dow Jones Industrial Average rose by about …

    Read More »
  • 25 May 2021 12:19 am

    Oil Recovers Most of Last Week’s Losses

    US Oil (

    Oil prices rose on Monday, as recent fears of a sudden rise in the global output eased, with the U.S. benchmark futures finished at their highest level in a week. Recent remarks by the United States government suggested that there are concerns about Iran’s commitment to renewing the nuclear deal. …

    Read More »