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Market Analysis

May, 2021

  • 24 May 2021 10:00 pm

    European Stocks Close Higher Near All-Time High

    European stocks finished higher on Monday, starting the last week of May with a positive performance, amid an improved risk sentiment on the back of positive earnings reports by major listed companies. The STOXX Europe 600 index finished higher by about 0.72% at 445.07 points, very close to its record …

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  • 24 May 2021 9:02 pm

    BoE’s Bailey Warns Against Cryptocurrencies

    The Bank of England (BoE) Governor Andrew Bailey has expressed concerns about getting carried away in financial technology and innovation. His remarks came in a speech to the British Parliament’s Treasury Committee on Monday. “I do not want to be seen as a Luddite. I’m skeptical about crypto assets frankly …

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  • 24 May 2021 7:28 pm

    BoE’s Bailey Expects Limited Impact from Rising Inflation

    The Bank of England (BoE) Governor Andrew Bailey is not expecting long-term impacts from thw recent surge in consumer prices. The inflation rate in the United Kingdom (UK) rose last month to 1.5%, compared with 0.7% in March, as the economy recovers from the coronavirus pandemic, and amid rising energy …

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  • 24 May 2021 6:45 pm

    U.S. Business Borrowing Rises 19% in April

    Borrowing for capital investments by companies in the United States amounted to $9.8 billion in April, increasing by 19% on an annual basis, according to data by the Equipment Leasing and Finance Association (ELFA) released on Tuesday. The surge in borrowing by U.S. companies came amid the recovery from the …

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  • 24 May 2021 5:38 pm

    Dollar Stuck Near 3-Month Low, And Bitcoin Facing Difficulties

    The dollar settled near its lowest level in three months against a basket of major currencies on Monday, with riskier currencies continuing to benefit from bets on a strong recovery in the global economy. The dollar index hovered around the 90 level, down 0.2% and close to its three-month low …

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  • 24 May 2021 5:09 pm

    US: Chicago Fed National Activity Index Drops to 0.24 in April

    The data published by the Federal Reserve Bank of Chicago showed on Monday that the National Activity Index (CFNAI) declined to 0.24 in April from 1.71 in March.

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  • 24 May 2021 4:27 pm

    Gold Stabilizing Near a Multi-Month High

    Gold stabilized today, Monday, consolidating near the peak of four and a half months, supported by the decline of the dollar and a wave of selling of cryptocurrencies, while investors await the release of important economic data this week. The spot price of gold was little changed at $1881.40 an …

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  • 24 May 2021 3:11 pm

    After a Sharp Sell-off, Bitcoin is Fighting Back

    Cryptocurrencies resisted today, Monday, and were able to offset some of the losses they suffered after a wave of selling at the weekend sparked by more indications that China is taking further scaling measures for the emerging sector. Bitcoin rose to $ 37,391, after falling 7.5% in the previous session. …

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  • 24 May 2021 2:35 pm

    Goldman Sachs Expects Oil to Reach $ 80 a Barrel

    Goldman Sachs signed that oil prices rise to $80 a barrel in the fourth quarter of this year, explaining that the market has not improved the estimate of recovery in demand, even despite the possible resumption of Iranian crude supplies. “The case for higher oil prices, therefore, remains intact given …

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  • 24 May 2021 1:52 pm

    Bitcoin Down About 50% From Its Highest Level in 2021

    Bitcoin fell 13% on Sunday, May 23, after the world’s largest and most popular cryptocurrency was subjected to further selling which led to a 50% drop from its highest level in a year. Bitcoin fell to levels of $32,601 during trading, and Ethereum, which is linked to the Ethereum blockchain, …

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  • 24 May 2021 1:25 pm

    Oil Prices Are Offsetting Some of Their Losses Due to a Potential Obstacle to the Iran Talks

    Oil and Gas oil (

    Oil prices today recovered some of last week’s losses, as a potential obstacle to reviving the 2015 nuclear deal with Iran loomed over the horizon, which could add more oil supplies, while indirect talks between Washington and Tehran are due to resume this week. Brent crude futures for March delivery …

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  • 24 May 2021 12:41 pm

    European Shares Hovering Near All-Time Highs

    European stocks hovered near all-time highs on Monday, as investors counted on the ongoing economic recovery and positive corporate business results to keep market momentum going. The pan-European STOXX 600 index rose 0.02% to 444.50 points, not far from its highest level ever at 446.19 points. Cineworld Group shares rose …

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  • 24 May 2021 12:20 pm

    Japanese Stocks Closed Higher on Hopes For Global Economic Growth

    Japan

    Japanese stocks closed higher on Monday, driven by a boost from stocks sensitive to global economic growth, as investors were optimistic about positive data on US factory activities that helped the Dow index to close, adding to an increase in the previous session. The benchmark Nikkei index advanced 0.17% to …

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