The United States Treasury Secretary Janet Yellen said on Wednesday that the proposals of President Joe Biden to raise corporate tax rates would be fair for the country and would push more companies to invest in the American economy, by abolishing incentives shifting investments and profit abroad. The new tax …
Read More »U.S. Stock Futures Rise Amid Trade Deal Optimism and Key Week Ahead for Earnings, Economic Data, and Central Bank Decisions
U.S. equity futures were higher on Monday, buoyed by a U.S.–EU trade deal, as investors braced for a…
European Shares Reach Four-Month High on Trade Deal Optimism
European stocks rose on Monday, marking a four-month high, as a U.S.–EU trade deal brought relief to…
Gold Prices Hold Steady Amid Trade Deal Optimism and Fed Rate Decision
Gold prices stabilized in Asian trade on Monday, following three consecutive days of declines, as op…
Bitcoin Rebounds Above $119,000 Amid U.S.-EU Trade Deal Optimism
Bitcoin prices edged higher on Monday, rebounding from two-week lows, buoyed by positive sentiment s…
Oil Prices Rise on Trade Deal Optimism and Future Demand Expectations
Oil prices inched higher on Monday after the U.S. and European Union (EU) reached a trade agreement …
Weekly Recap: Earnings, Trade Wins and Fed Talks Shape the Week
US President Donald Trump has announced that a trade deal has been struck between the US and the EU …
Will Cracks Emerge in US-Japan Trade Deal?
Discrepancies Over Investment and Profits:A seemingly triumphant announcement of a preliminary trade…
Gold Miner Shines: Earnings Soar as Precious Metal Prices Climb
Shares of a leading gold mining company surged on Friday, reaching their highest level in three year…
Political Firewalls Weaken: Are Powell’s Stance, Fed’s Independence Still Under Threat?
A significant shift is underway in the political landscape surrounding the Federal Reserve. While Pr…
Dow Jones Rebounds: Unexpected Durables Strength and Tariff Hopes Fuel Market Rally
The Dow Jones Industrial Average (DJIA) demonstrated a notable recovery on Friday, clawing back rece…
Market Analysis
April, 2021
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8 April 2021 12:30 am
Biden Says his Plans is Needed to Compete with China
U.S. President Joe Biden opened the door on Wednesday for negotiations about the tax increases necessary to finance his proposed $2.25 plan for developing infrastructure. However, Biden once again pointed to the competition between the United States and China on the global stage, urging support for what he says are …
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8 April 2021 12:07 am
Minutes Show Fed Maintains Policy with Possible Changes Sooner than Expected
The United States Federal Reserve Board remains committed to supporting the economy until it completes the recovery but it is still concerned about the risks resulting from the coronavirus pandemic, according to the minutes of its most recent meeting. Members of the Federal Open Market Committee (FOMC) agreed that the …
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7 April 2021 11:03 pm
Oil Finishes on Mixed Note
Oil prices showed a mixed performance on Wednesday, as the global benchmark crude futures rose amid positive expectations for economic recovery around the world, while the U.S. oil futures declined following a surge in fuel stockpiles. Brent crude futures for May delivery rose by 42 cents, or 0.67%, to $63.16 …
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7 April 2021 10:26 pm
European Stocks Finish Lower but FTSE100 Surges
European stocks closed marginally lower on Wednesday, a day after logging a new record high, as healthcare stocks led the declining sectors. The pan-European STOXX 600 index finished lower by 0.14%, with the healthcare sector declining by 0.9%, while the insurance sector rose by 0.6%. The German benchmark index (DAX) …
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7 April 2021 9:45 pm
Fed’s Evans Welcomes 3% Inflation Rate
President of the Federal Reserve Bank of Chicago, Charles Evans, on Wednesday expressed a positive sentiment towards a stronger economic growth in 2021. “I am optimistic that the economy is poised for strong growth later this year.” Evans said the U.S. Federal Reserve must witness sustainable progress in achieving its …
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7 April 2021 9:00 pm
U.S. Mortgage Applications Decline for Second Week
Applications for new loans to purchase houses in the United States declined by 4.6% last week, data by the Mortgage Bankers Association (MBA) showed on Wednesday. This is the second consecutive weekly decline for U.S. mortgage applications. The fixed-rate for the 30-year mortgage rose to its highest level in about …
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7 April 2021 8:23 pm
U.S. Oil Stockpiles Rise by 3.5 M Barrel in Week
Crude oil inventories in the United States declined by 3.5 million barrels last week, data by the Energy Information Administration (EIA) showed on Wednesday. Oil stockpiles reached 501.8 million barrels for the week ended on April 2, according to the EIA’s weekly report. Meanwhile, gasoline inventories increased by 4 million …
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7 April 2021 7:25 pm
U.S. Trade Deficit Hits New High in February
Trade in the United States rose to a new record high in February, data showed on Wednesday. The U.S. Department of Commerce reported that the balance of trade recorded a 4.8% surge in deficit to a new record level of $71.1 billion in February. American exports decreased by 2.6% to …
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7 April 2021 6:41 pm
Canada: International Trade Surplus Narrows to $1.04 Billion
Canada’s merchandise trade surplus with the world narrowed to $ 1,04 billion in February from $ 1.2 billion in January, the monthly data published by Statistics Canada revealed on Wednesday. This reading came in slightly better than analysts’ estimate for a surplus of $ 1 billion.
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7 April 2021 5:21 pm
US: Goods and services Trade Deficit Widens to $71.1 Billion
The goods and services deficit of the US widened by $3.3 billion to $71.1 billion in February, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis showed on Wednesday.
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7 April 2021 5:09 pm
Record Levels of Electric And Hybrid Vehicle Sales in The UK
In a sign of the accelerating shift towards electric cars in Britain, last March recorded sales of 13.9 percent of total car sales in the country, a record high compared to March 2020, when sector sales recorded only 7.3 percent According to the Association of Car Manufacturers and Dealers in …
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7 April 2021 4:38 pm
IMF: Global Economy to Grow by 6% in 2021
After the major economic challenges the world faced last year due to the Covid-19 pandemic, the International Monetary Fund (IMF) announced that the global economy recovery will be greater than expected in the years 2021 and 2022, driven by strong growth in the United States. The IMF is currently taking …
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