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According to Reuters, the German government is expected to revise its GDP forecast to 3.5% from 3% in January. The German government believes that the economy will expand by 3.6% in 2022, and the government reportedly believes that the better-than-expected growth dynamics seen in the fourth quarter of 2020 justify …
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April, 2021
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26 April 2021 3:16 pm
Bitcoin Jumps 8% And Heads to End a Series of 5 Sessions of Losses
On Monday, Bitcoin jumped by as much as 8% and is heading to end a five-session losing streak, but the cryptocurrency is about a fifth below the all-time high it reached earlier this month. Bitcoin was in the latest transactions, up 6.7% to 52,452 dollars, after touching its lowest level …
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26 April 2021 2:36 pm
Currencies Overview: Dollar Falling to 8-Week Low
The dollar fell to a nearly eight-week low against other major currencies on Monday, amid speculation that US Federal Reserve Chairman Jerome Powell will avoid talks on easing bond purchases at this week’s meeting. The dollar reached 107.71 yen, close to the lowest level since the fourth of March. The …
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26 April 2021 1:52 pm
Kremlin: Putin-Biden Meeting Dates And Place Yet to be Chosen
Kremlin said in a statement on Monday, dates and place are yet to be chosen when asked about a possible meeting between Russian President Vladimir Putin and his American counterpart Joe Biden.
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26 April 2021 1:43 pm
German IFO Index Drop to 99.5 in April
The headline German IFO Business Climate Index came a bit higher at 96.8 in April compared to last month’s 96.6, missing the expectations of 97.8.
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26 April 2021 1:22 pm
European Stocks Are Stable as Losses in Auto Stocks Erase Gains
European stocks were largely flat on Monday, as car maker losses erased the gains of mining companies, while investors awaited a week full of corporate results and economic data. The pan-European STOXX 600 index rose 0.02% n early trade, after recording its first weekly loss in eight weeks on Friday. …
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26 April 2021 1:02 pm
Japan Shares Closed Higher, Led by Travel Stocks
Japanese shares closed higher on Monday as travel-related stocks recovered from losses stemming from concerns over coronavirus restrictions, and after ANA forecast losses lower than expected for the full year. The Nikkei index rose 0.36% to close at 29,126.23 points, while the broader Topix index rose 0.17 to 1918.15 points. …
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26 April 2021 12:42 pm
Gold Rising as Virus Cases Increase And The Dollar’s Decline Reinforces Its Safe-Haven Appeal
Gold won today, Monday, as the increase in the incidence of Covid-19 cases strengthened its appeal as a safe haven, and this reinforced the weakness of the dollar before the meeting of the Federal Reserve (US Central Bank) this week, while the palladium, which is used in the auto industry …
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26 April 2021 12:31 pm
Oil Falls Amid Concerns About The Impact of Increased Covid-19 Cases in India on Fuel Demand
Oil prices fell on Monday, on the back of fears that the escalation of Covid-19 infections in India will lower the demand for fuel in the world’s third-largest oil importer, and with investors shifting positions ahead of a planned increase in OPEC+ oil production from May. Brent crude futures fell …
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25 April 2021 2:40 am
Weekly Recap: 19-23 April
In the third week of April, the main market movers were concerns about the resurgence of the coronavirus pandemic especially in Asia, as well as economic data, most of which signaled recovery from the negative impacts of the coronavirus in the United States, Eurozone, and China. In addition, media reports …
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24 April 2021 3:18 am
Wall Street Recovers from Most Weekly Losses
The New York Stock Exchange (NYSE) finished higher on Friday, amid increased optimism among Wall Street investors about the recovery from the impacts of the coronavirus pandemic, signaled by positive economic data. However, today’s gains did not erase weekly losses, which resulted from concerns about a new wave of the …
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24 April 2021 1:50 am
U.S. Treasury Bond Yields Rebound from Recent Lows
Treasury bond yields in the United States rose on Friday, amid an improvement in risk appetite among investors due to positive economic data signaling recovery from the negative impacts of the coronavirus pandemic in the U.S. and Europe. The benchmark 10-year Treasury bond yield increased by 1.2 basis points to …
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24 April 2021 1:45 am
Oil Futures Close Higher to Limit Weekly Decline
Oil prices rose on Friday, limiting their weekly decline that resulted mostly because of concerns about demand recovery amid a resurgence of the coronavirus with a rising number of new cases, especially in India. Brent crude futures for June delivery gained 71 cents, or 1.1%, to close at $66.11 per …
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