Breaking News

Market Analysis

May, 2021

  • 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 »
  • 24 May 2021 11:39 pm

    Gold Resumes Gains to Finish at Highest Level Since January

    XAU/USD

    Gold prices rose on Monday, supported by the decline of the U.S. Dollar (USD) and Treasury bond yields. An improved risk sentiment might have limited the yellow metal’s gains, as it failed to reach the $1,900 an ounce level. However, gold futures still managed to close at their highest level …

    Read More »
  • 24 May 2021 11:00 pm

    USD Declines and Nears Lowest Level in Four Months

    The U.S. Dollar (USD) declined on Monday, beginning the week with a relatively weak performance, following a rebound by the end of the previous week. An improved investors’ sentiment across global markets on expectations for economic recovery helped riskier assets and currencies rise, which weighed down on the greenback. The …

    Read More »
  • 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 …

    Read More »
  • 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 …

    Read More »