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Market Analysis

December, 2020

  • 7 December 2020 7:15 pm

    Nasdaq Hits New All-Time High

    The New York Stock Exchange (NYSE) opened the week on a mixed note, as the Nasdaq Composite index continued its positive performance and hit a new record high during Monday early trading. This comes amid renewed hopes for a new government stimulus package, as well as positive news about Coronavirus …

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  • 7 December 2020 6:23 pm

    US Dollar Near Its Lowest Level Since 2018

    The US dollar index settled near its lowest level in two and a half years during trading on Monday after weak US jobs data. while the British pound fell as Britain and the European Union made a final attempt to reach a trade deal. In the US, jobs data on …

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  • 7 December 2020 5:48 pm

    UK PM Johnson’s spokesman: There Will be No Negotiations in 2021

    British Prime Minister Boris Johnson’s spokesman told reporters on Monday that the UK is prepared to negotiate for as long as there is time and if they think a deal is possible, as reported by Reuters. “We will not extend the transition period, there will be no negotiations in 2021.” …

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  • 7 December 2020 4:41 pm

    EU’s Barnier: Negotiations to Continue Until Wednesday But no Further

    The European Union’s chief Brexit negotiator, Michel Barnier, has told the members of European Parliament that negotiations on a post-Brexit deal could continue until Wednesday but no further, RTE Europe Editor Tonny Connelly said on Monday.

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  • 7 December 2020 3:43 pm

    Hopes For a Vaccine Raise Investor Sentiment

    A survey reported that investor sentiment in the Eurozone rose more than expected in December, reaching its highest level since February, supporting expectations for an economic recovery thanks to the near availability of vaccines. Sentex Eurozone index rose to -2.7 from -10.0 in November. A Reuters poll had forecast a …

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  • 7 December 2020 2:53 pm

    UK: The Largest Annual Increase in UK Home Prices Since 2016

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    The monthly figures from Halifax Mortgage Lender showed UK home prices last month recorded their biggest annual increase since June 2016. Halifax said house prices increased 1.2% in November, and have risen 6.5% over the last five months, the largest increase since 2004.

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  • 7 December 2020 2:16 pm

    US Dollar Index Continues Moving Towards Its Two And a Half Year Low

    The US dollar index on Monday, December 7, remained near a two-and-a-half-year low it reached on Friday, as weak US job data boosted expectations for economic aid, while the British pound fell as Britain and the European Union embark on a final attempt to strike a trade deal. Fears are …

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  • 7 December 2020 1:27 pm

    Gold Rising as US Stimulus Tilts Over Vaccine Hopes

    Gold prices rose slightly on Monday, December 7, as weak US job data supported hopes for more fiscal stimulus, although optimism about the deployment of vaccines to prevent the Coronavirus curbed the gains. The spot price of gold rose 0.2% to $ 1841.93 an ounce by 05:54 GMT, while US …

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  • 7 December 2020 1:00 pm

    China Posted Its Largest Trade Surplus in 30 Years

    China’s exports jumped by 21.1% last November, the largest increase in two years, while imports rose 4.5% for the same period. This resulted in a trade surplus of $ 75.4 billion, and this surplus is the largest in 30 years. China’s trade balance with the United States reached a new …

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  • 7 December 2020 12:58 pm

    Oil Falling From Its Highest Level in Months Due to Covid-19 Measures

    Oil prices fell on Monday, December 7, from their highest levels in months, with the continuing increase in infections with the Coronavirus globally and renewed closure measures, the latest of which included the imposition of strict restrictions in southern California in the United States, the largest consumer of crude in …

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  • 7 December 2020 12:04 pm

    Japan’s Nikkei Index is Slipping From a 29-and-a-Half Year High

    Japanese stocks closed lower Monday, December 7, as the Nikkei benchmark retreated from its highest levels in more than 29 and a half years, as gains for five consecutive weeks raised some concerns from a frenzied market and prompted investors to sell for profit. Nikkei fell 0.76% to 26547.44 points, …

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  • 7 December 2020 9:42 am

    Weekly Recap – Dec 4

    Major economies overall are showing better numbers in the third quarter, but rising coronavirus cases and vaccine distribution obstacles continue to hamper economic growth. Nonfarm Payrolls (NFP) in the US rose by 245,000 in November, the data. This reading followed October’s increase of 610,000 (revised from 638,000) and missed the …

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  • 5 December 2020 3:18 am

    US Economy Awaiting Stimulus Package After Job Numbers

    The United States economy created a less than expected number of new jobs last month, as per data released on Friday. November saw the smallest increase in non-farm payrolls since in six months, or since the recovery from the Coronavirus crisis began. This comes amid an increase in the number …

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