The markets were optimistic after headlines from China which gave optimism to share, the rise of Asian shares, in turn, raised the S&P 500, which affects USD and the safe haven. Coronavirus cases continue to increase at an alarming rate in US. US: GS is not optimistic about the US …
Read More »Wall Street Futures Rise, Driven by Tech Rebound and Upbeat Corporate Outlook
U.S. stock index futures climbed on Wednesday, continuing a recovery in the tech sector, led by a su…
Oil Prices Edge Higher on Supply Concerns and Strong Demand Outlook
Oil prices continued their upward trajectory on Wednesday, approaching a two-month high, driven by e…
European Stocks Climb Amidst Anticipation for U.S. Inflation Data and French Elections
European shares advanced on Wednesday, fueled by gains in mining and technology stocks, as investors…
Asian Stocks Waver as U.S. Inflation Data Looms and Yen Nears Critical Level
Asian stock markets experienced a choppy trading session on Wednesday, as investors braced for a piv…
Will the Australian dollar resume its uptrend?
A report, by Credit Agricole Bank, contains expectations for the price movement of the Australian do…
Market Drivers; US Session, June 25
Along with a respectable increase in US rates, the US dollar recovered some of the ground it had los…
US Stocks Mixed as Nvidia Rebounds, Tech Leads Gains
Mixed performance was the expression that best describes Tuesday’s US stock market. The S&P 500 …
Fed Leans Hawkish, Rate Cuts in 2024 Uncertain
In 2024, the Federal Reserve changed its position on interest rates dramatically. The salient featur…
Tesla Tops Industry In Profit Per Vehicle Despite Faulty Cybertrucks
Tesla has topped the auto industry in profit per vehicle for the year through March, with Tesla̵…
Gold prices in red territory ahead of PCE data
Gold CFDs are -0.40% down, trading at $2323.40 and spot gold is -0.45% down, trading at $2323.97 at …
Market Analysis
July, 2020
-
6 July 2020 12:24 pm
UK govt: Considering The Impact of US Additional Sanctions Against Huawei on UK Networks
According to Reuters, US sanctions designed to restrict the ability of China’s Huawei to source advanced microchips for 5G equipment is likely to have a significant impact on the reliability of the supplier, citing Britain’s culture minister on Monday. A review released by the UK’s National Cyber Security Centre (NCSC) …
Read More » -
6 July 2020 11:31 am
IFO: German Companies See Their Survival Threatened by Covid-19 crisis
Germany’s influential IFO said on Monday, about one fifth (21%) of the German companies see their survival threatened by the coronavirus crisis. Quotes “Travel agents, hotels and restaurants are particularly concerned.” “We could see a wave of insolvencies in the coming months.”
Read More » -
6 July 2020 10:43 am
German Factory Orders Rebounded in May
German factory orders jumped 10.4% in May MoM, indicating that the contraction in Europe’s largest economy is slowing down.Data released by the Federal Statistics Office on Monday showed that contracts for goods “made in Germany” jumped 10.4% MoM compared to +15.0% expected and -25.8 previous. On an annualized basis, German …
Read More » -
6 July 2020 10:19 am
Asia Shares Jump to Five-Year Peak
Asian Shares reached a 4-month high on Monday as traders acted on the revival of Chinese activity to support the global economic growth, despite the high number of Covid-19 cases in US that had delayed the reopening of the economy. MSCI’s Asia Pacific Index outside Japan fell 1.5% to its highest …
Read More » -
4 July 2020 2:04 am
COVID-19 Updates: Cases Exceed 11 M
The number of coronavirus disease (COVID-19) cases has exceeded 11 million on Friday, Reuters reported. The disease has resulted in more than half a million fatalities in seven months. The US registered more than 55,400 new cases on Thursday, a new daily worldwide record. The World Health Organization (WHO) recently …
Read More » -
4 July 2020 1:05 am
Spain Sets New Deal for Reactivating Economy
The Spanish government signed an agreement with business leaders and unions on Friday to reactivate the economy and create job opportunities, local paper El Pais reported. The agreement includes a support plan of EUR 40 billion for business loans aimed at funding the digital transformation of Spanish companies and businesses. …
Read More » -
4 July 2020 12:08 am
Knot: COVID-19 Needs Fiscal Response
Monetary policy should not be the main line of defense for Europe against the economic impact of the coronavirus disease (COVID-19) pandemic, said Klaas Knot, the Governor of the Dutch Central Bank. Knot, who is a member of the European Central Bank (ECB) Governing Council, said that a strong fiscal …
Read More » -
3 July 2020 11:16 pm
Ripple Facing Lawsuits for Selling XRP in Securities Offering
Ripple is being sued for selling its XRP token in an unregistered securities offering, the Coin Telegraph reports. A number of class-action lawsuits have been reportedly filed against Ripple in recent months. In addition, former Chairman of the Commodity Futures Trading Commission (CFTC), Chris Giancarlo, is arguing in a recently …
Read More » -
3 July 2020 9:42 pm
French President Macron Names New PM
Jean Castex will lead a new French government, after being named by President Emmanuel Macron as prime minister. Macron, who was elected in 2017, promised a cabinet reshuffle in recent days to focus on recovery from the negative economic impacts of the COVID-19 pandemic. The new Prime Minister of France, …
Read More » -
3 July 2020 9:09 pm
European Stocks Post 1.8% Weekly Rise
European stocks declined on Friday, despite recent PMI data showing recovery signs in the Eurozone, as well as the in the US and China. The pan-European STOXX Europe 600 index closed down by 0.93% at 364.86, but up by 1.83% for the week, despite giving up some of its gains …
Read More » -
3 July 2020 8:45 pm
NZD Rises on Improved Risk Appetite
The New Zealand Dollar (NZD) is showing a strong performance against major currencies, supported by improved risk appetite. Positive indicators from European PMI reports showed that June saw the best economic activity since the beginning of the COVID-19 pandemic. Gains by Asian stock markets also helped push the risk appetite …
Read More » -
3 July 2020 8:29 pm
Calvino: COVID-19 EU Debts Must Be Repaid
All the debt issued by the European Union (EU) to help its member states in the fight against the coronavirus disease (COVID-19) pandemic will eventually be paid back, according to Spain’s Minister of Economy Nadia Calvino. “The long-term sustainability of the debt is guaranteed and we are making plans and …
Read More »