Gold prices declined on Thursday, for the third consecutive session, amid a rise in treasury yields that reached their highest level in about a year. The yield on the benchmark 10-year Treasury bond in the United States exceeded the 1.5% psychological level earlier today, reaching 1.515%, which left its toll …
Read More »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…
Oil Under Pressure: Brent and WTI Drop as Supply Surges and Demand Outlook Clouds
Global oil markets are facing renewed pressure, with both West Texas Intermediate (WTI) and Brent cr…
US Treasury Yields Climb As Countdown For Fed’s Policy Meeting Begins
As financial markets gear up for the central bank’s pivotal meeting next week, the US 10-Year …
Market Analysis
February, 2021
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26 February 2021 1:10 am
European Stocks Decline as Treasury Yields Rise
European stocks closed lower on Thursday, amid rising treasury yields and a negative performance by most market sectors. The STOXX Europe 600 index dropped by 0.36% to close at 411.73 points. The chemicals sector led the losses as it fell by 1.8%. The French CAC40 index finished lower by 0.24%, …
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25 February 2021 9:31 pm
U.S. Natural Gas Stockpiles Decline
Natural gas inventories in the United States declined by 338 billion cubic feet (bcf) last week, data by the U.S. Energy Information Administration (EIA) showed on Thursday. The decline came a little higher than market expectations. Natural gas stockpiles reached 1.943 trillion cubic feet (tcf), decreasing by 298 bcf compared …
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25 February 2021 9:26 pm
Fed’s George: Rising Yields Reflect Optimism
President of the Federal Reserve of Kansas City, Esther George, said on Thursday that the rising treasury yields are a sign of optimism about economic recovery. This could further improve when vaccines are more widely distributed, she indicated. “Much of this increase likely reflects growing optimism in the strength of …
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25 February 2021 9:20 pm
Fed’s Bostic: Recovery is in Rough Patch
President of the Federal Reserve Bank of Atlanta Raphael Bostic said on Thursday that economic recovery and job creation will improve as Coronavirus vaccines are more widely distributed, Bloomberg reported. The Atlanta Fed President believes that the path of economic recovery depends on the development of the pandemic situation and …
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25 February 2021 8:57 pm
Fed’s Bullard Welcomes Rising Treasury Yields
President of the Federal Reserve Bank of St. Louis, James Bullard, said on Thursday that the rise in treasury yields is an adequate consequence to the expected economic recovery and rise in inflation, Reuters reported. “With growth prospects improving and inflation expectations rising, the concordant rise in the 10-year Treasury …
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25 February 2021 7:22 pm
U.S. Pending Home Sales Fall in January
Pending home sales in the United States declined in January, due to a shortage of supply, data by the National Association of Realtors (NAR) showed on Thursday. The NAR Pending Home Sales Index decreased by 2.8% in January to 122.8. The reading came against market expectations with a Reuters poll …
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25 February 2021 6:56 pm
Turkey: Economic Confidence Drops in February
Data from the Turkish Statistical Institute showed today, Thursday, that the index of economic confidence in Turkey decreased by 0.5% on a monthly basis in February to 95.8 points, with the repercussions of the epidemic continuing. The index hit a record low last year before recovering as coronavirus measures eased …
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25 February 2021 6:34 pm
US: Real GDP expands by 4.1% in Q4
The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 4.1% in Q4, the US Bureau of Economic Analysis’ second estimate showed on Thursday. This reading followed the initial estimate of 4% and came in line with the market expectation.
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25 February 2021 5:53 pm
US: Weekly Initial Jobless Claims Fall to 730K
The Labor Department said initial jobless claims fell to 730,000 last week, while the previous week’s figure was also revised down by 20,000 to 841,000. Analysts had expected a figure of 838,000 before the release. This reading followed the previous print of 841,000 (revised from 861,000) and came in better than …
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25 February 2021 5:52 pm
U.S: Durable Goods Orders Rise by 3.4% in January vs. 1.1% Expected
Durable Goods Orders in the United States rose by 3.4%, or $8.5 billion, in January to $25.6.6 billion, the data published by the US Census Bureau showed on Thursday. This print followed December’s increase of 1.2% and beat the analysts’ estimate of 1.1% by a wide margin.
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25 February 2021 5:07 pm
Japan to End State of Emergency in Several Prefectures
The Japanese government will end the state of emergency in Osaka, Kyoto, Hyogo, Aichi and Gifu prefectures at the end of the month, Reuters reported on Thursday, citing Kyodo News.
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25 February 2021 5:06 pm
Pfizer: No Evidence COVID-19 Variants Result in a Loss of Protection Provided by Vaccine
Pfizer announced on Thursday that they haven’t seen any evidence that circulating variants of the coronavirus result in a loss of the protection provided by the vaccine they developed with BioNTech, as reported by Reuters. “We haven’t observed changes to neutralizing antibody levels that would predict a significant reduction in protection …
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