A draft document by the German Economy Ministry and seen by Reuters stated that the German economy, the largest in Europe, is likely to reach pre-coronavirus levels in mid-2022. In its draft annual economic report, the ministry said that the state of the global economy, untapped production capabilities, and early …
Read More »Stock Futures Slide Amid Trade Uncertainty and Concerns Over Tariffs
U.S. stock index futures fell Monday, as growing uncertainty surrounding President Donald Trump’s tr…
Oil Prices Struggle as OPEC+ Hikes Output Amid Trade Concerns
Oil prices showed some resilience on Monday, recovering from earlier losses despite concerns surroun…
European Stocks Mixed as Investors Await U.S. Trade Deal Deadline
European stocks showed a mixed performance on Monday, with investors remaining cautious ahead of the…
German Industrial Production Surpasses Expectations in May Despite Recent Slowdowns
German industrial production showed a stronger-than-expected rebound in May, driven by the automotiv…
Gold Prices Fall as U.S. Tariff Threats and Strong Payrolls Data Weigh on Sentiment
Gold prices slipped in Asian trade on Monday, pressured by a steady U.S. dollar and the ongoing unce…
Weekly market wrap: FOMC minutes are looming amid trade fears
Three things dictated price action in financial markets last week, including reaching a trade deal b…
EUR/USD Holds Steady Amid Tariff Tensions, Eyes Turn to EU Economic Data
Modest Gains Amid Holiday-Thinned TradingThe EUR/USD pair edged up by 0.18% on Friday, trading at 1.…
Global Markets Wobble as Trump’s Tariff Deadline Draws Near
Global stock markets faltered on Friday, gripped by uncertainty as U.S. President Donald Trump’s Jul…
Sterling Falters Against Yen Amid Tariff Fears and UK Political Strife
The British Pound (GBP) weakened against the Japanese Yen (JPY), with GBP/JPY slipping below 197.61,…
WTI Crude Oil Stalls Near $65 as OPEC+ and Tariff Uncertainties Loom
West Texas Intermediate (WTI) Crude Oil prices hovered near $65.70, down 0.82%, reflecting cautious …
Market Analysis
January, 2021
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25 January 2021 4:24 pm
German Economy Ministry: The Economy May Return to The Level Before The Corona in Mid-2022
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25 January 2021 4:24 pm
UK PM: Will Look at Potential to Relax Some Measures Before February 15
British Prime Minister Boris Johnson said on Monday that they will look at the potential to relax some of the coronavirus-related restriction measures, as reported by Reuters. “Noone would want to lift restrictions when the infection rate is so high.”“We don’t want a surge in infections.”“We will be responsible and …
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25 January 2021 3:44 pm
Gold Rises as US Dollar Weakens And Focus on Biden’s Stimulus Plan
Gold prices rose in light of the continuing pressures on the dollar, as investors follow the massive stimulus package announced by US President Joe Biden’s administration. Spot gold rose 0.2% to $ 1855.40 an ounce during the session. And US gold futures fell 0.1% at about $ 1855. The US …
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25 January 2021 3:31 pm
WSJ: Trump Asked The Justice Department to go to the Supreme Court to Overturn Election
The Wall Street Journal reported Saturday that former President Donald Trump has considered replacing the acting attorney general with an official willing to pursue unfounded allegations of election fraud and pushing the Justice Department to demand the Supreme Court invalidate President Joe Biden’s victory. The newspaper added, citing people familiar …
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25 January 2021 2:47 pm
German IFO Business Climate Index Misses Estimates in January
The headline German IFO Business Climate Index drops sharply to 90.1 in January versus last month’s 92.2, missing the consensus estimates of 91.8 by a big margin. Meanwhile, the Current Economic Assessment arrived at 89.2 points in the reported month as compared to last month’s 91.3 and 90.6 expected.
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25 January 2021 2:44 pm
US Dollar Index Continues to Decline as Sentiment Improves in Global Markets
The recovery of sentiment in global markets led to the dollar’s decline, while riskier currencies strengthened after optimism about US President Joe Biden’s plans to stimulate the effects of Covid-19 outweighed. The market sentiment appeared more cautious at the end of last week, as European economic data revealed that the …
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25 January 2021 1:41 pm
Oil Prices Fall as Worries About Lockdown Prevail Over Demand Outlook
Oil prices fell for the second consecutive session, as renewed lockdown measures to combat COVID-19 raised new concerns about global fuel demand. Brent crude futures lost eight cents, or 0.1%, to $ 55.38 a barrel, while US West Texas Intermediate crude futures contracted $ 52.26 a barrel, down by a …
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25 January 2021 1:35 pm
Technology Stocks And Corporate Earnings Lift European Stocks
European stocks rose as gains in technology stocks and positive earnings reports helped investors bypass the possibility of extending lockdown measures at a time when many countries are fighting the emergence of new strains of the emerging coronavirus. The pan-European STOXX 600 index rose 0.4%. The benchmark index ended last …
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25 January 2021 12:31 pm
Japan Stocks Gaining Momentum, Tracking US Futures
Japanese stocks rose on Monday, erasing early losses, led by technology stocks and drugmakers as US futures rallied on hopes that lawmakers would soon pass a major economic stimulus to revive growth in the world’s largest economy. The Nikkei index on the Tokyo Stock Exchange gained 0.67% to 28,822.29 points, …
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25 January 2021 5:38 am
Weekly Recap: 18-23 January
The highlight of the week was the inauguration of Joe Biden as the 46th President of the United States. Biden is promising to better handle the Coronavirus crisis in the U.S. through a new plan for distributing vaccines, as well as increased stimulus to help businesses and households alike cope …
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23 January 2021 3:20 am
Oil Futures Shrug Off Most of Weekly Gains
Oil prices declined on Friday, as data showed a surprise increase in crude inventories in the United States, and amid the rise of the U.S. Dollar (USD). In addition, the resurgence of the Coronavirus pandemic in many parts across the world has spurred concerns about the recovery of the global …
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22 January 2021 11:58 pm
U.K. Warns New Coronavirus Variant Could be More Deadly
The Prime Minister of the United Kingdom (U.K.), Boris Johnson, said on Friday that the new variant of the novel Coronavirus, which caused a global pandemic, could be resulting in a higher mortality rate, Reuters reported. However, Johnson noted that studies have shown that the two vaccines that have been …
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22 January 2021 11:41 pm
Gold Records First Gains in Four Weeks
Gold prices declined on Friday, as the U.S. Dollar (USD) returned to the positive territory scoring some gains against major currencies. However, the yellow metal was able to register weekly gains, supported by the prospects of increased government stimulus spending the United States. Gold futures for February delivery declined by …
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