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Market Analysis

January, 2021

  • 28 January 2021 6:04 pm

    US: Weekly Initial Jobless Claims Decline to 847K

    There were 847,000 initial claims for unemployment benefits in the US during the week ending January 23, the data published by the US Department of Labor showed on Thursday. This reading followed the previous print of 914,000 and came in better than the market estimates of 875,000.

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  • 28 January 2021 5:42 pm

    US economy expands by in 4% in Q4

    The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 4% in the fourth quarter, the US Bureau of Economic Analysis’ advance estimate showed on Thursday. This reading followed the 33.4% growth recorded in the third quarter and came in line with analysts’ estimates.

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  • 28 January 2021 5:13 pm

    When is the US GDP Report And How Could it Affect Major

    The most prominent event on the US calendar today is the fourth-quarter GDP report due out at 13:30 GMT. Economists are expecting the preliminary figure to show 3.9% year-on-year growth in the October-December period, which indicates growth losing momentum by a large margin compared to the strong recovery in Q4 …

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  • 28 January 2021 4:55 pm

    Iqbal: Turkey’s Economy Has Slowed After Its Strength in Last Quarter

    Al Naji Iqbal, Governor of the Turkish Central Bank, said that Turkey’s economic growth recorded a strong trend at the end of 2020, but it slowed according to recent indicators, partly due to the tightening of monetary policy that began in August and the slowdown in credit growth. In the …

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  • 28 January 2021 4:27 pm

    China Likely to Avoid Setting 2021 GDP Target

    China is reportedly said to abandon its GDP growth target for 2021, Reuters reports, citing sources familiar with the matter. A government adviser, one of three sources saying the target will again be scrapped, noted: “We will not set an explicit target, but in reality, there will be a target. …

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  • 28 January 2021 3:16 pm

    European Stocks Hitting a Low of Almost a Month

    European stocks reached their lowest level in nearly a month after the worst-selling wave in Wall Street since October due to concerns about rising valuations, while investors grew concerned about an increase in infections with a new, more contagious strain of the Coronavirus. The European STOXX 600 index fell 1%, …

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  • 28 January 2021 2:23 pm

    Gold is Falling as The Safe-Haven Appeal Shifts to The Dollar

    Gold prices fell on Thursday as investors turned to the dollar in search of safety after the decline in global stock markets, while the Federal Reserve (US Central Bank) raised concerns about the pace of the economic recovery in the United States. Gold fell in immediate transactions 0.5% to $ …

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  • 28 January 2021 1:38 pm

    Oil Falling on Demand Concerns and US Dollar Strengthened

    Oil prices fell in morning trading in Asia despite a significant drop in US crude stocks, at a time when prices were under pressure due to the strengthening of the US dollar and new concerns about fuel demand due to travel restrictions and delays in the distribution of anti-Corona virus …

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  • 28 January 2021 12:32 pm

    Apple’s Q1 Revenue Exceeds $ 100 Billion For The First time

    Apple

    On the other hand, Apple stock fell 2% in extended trading after the close. Apple’s results for the December quarter were not only driven by iPhone 5G sales, but sales for each product category increased by more than twice. In detail, earnings per share and sales of Apple easily exceeded …

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  • 28 January 2021 12:27 pm

    Japan Shares Post The Biggest Drop in 6 Months

    Japan

    Japanese stocks suffered their biggest drop in six months today, Thursday, to track down on Wall Street, as they were pressured by technology companies that took advantage of the recent rise in shares. The benchmark Nikkei index fell 1.53% to 28,197.42 points, its biggest daily drop since July 31, while …

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  • 28 January 2021 12:06 am

    Democrats Could Move Unilaterally to Pass $1.9 Tr Biden Stimulus

    The United States Senate Majority Leader Chuck Schumer said on Tuesday that Democrats are ready to begin working to pass the new president rescue plan as early as next week without cooperation with the Republicans. The plan is being challenging by some Democrats as it will increase government debt. “In …

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  • 27 January 2021 11:27 pm

    Gold Prices Decline for Fifth Session in Row

    Gold prices continued their downward trend on Wednesday, falling for the fifth consecutive session, amid the rise of the U.S. Dollar (USD) ahead of the release of the United States Federal Reserve policy statement. The yellow metal futures for February delivery plunged by $6, or 0.3%, to close at the …

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  • 27 January 2021 11:02 pm

    U.S. Fed Maintains Interest Rates Unchanged

    The United States Federal Reserve’s Federal Open Market Committee (FOMC) has decided on Wednesday to maintain interest rates unchanged at a record low between 0% and 0.25%. The decision comes following a two-day meeting that concluded today. The Fed has reiterated its commitment to using its full range of tools …

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