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Market Analysis

July, 2021

  • 21 July 2021 4:21 pm

    Oil Prices Turn Higher Despite Surprise Build in US inventories

    Oil prices reversed upwardly and continued achieving gains for the second session in light of the growing risk appetite, despite data showing a sudden increase in US crude stocks last week and a decrease in demand expectations due to the growing infection cases with the Covid-19 virus. Brent crude futures …

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  • 21 July 2021 3:34 pm

    Coca-Cola’s Earnings and Revenue Beat Expectations in Q2

    The Coca-Cola Company’s second-quarter earnings report released on Wednesday indicated that it beat analysts’ expectations; the company posted revenue that also beat expectations. Earnings per share were $0.68, while revenue was $10.1B. During the year, Coca-Cola shares traded 1% higher, underperforming the Dow Jones Industrial Average, which is up 12.76% …

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  • 21 July 2021 2:50 pm

    Gold Prices Fall as Dollar Rises

    Gold prices fell, heading for losses for the second session in a row, as the dollar’s gains and the recovery of US Treasury bond yields weighed on the metal’s safe-haven attractiveness amid fears of the rapidly spreading Delta variant of the Coronavirus. The spot price of gold fell 0.2 percent …

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  • 21 July 2021 1:44 pm

    A Jump in Japan’s Exports Thanks to Strong Demand From The United States and China

    Japan’s exports jumped in June, led by US demand for cars and shipments to China of chip-making equipment, raising hopes of an export-fueled recovery in the world’s third-largest economy. Exports increased 48.6% year on year in June, posting double-digit gains for the fourth consecutive month, but the rate was greatly …

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  • 21 July 2021 1:36 pm

    Japanese Stocks Rise After Five Sessions of Losses

    Japan

    Japanese stocks snapped a five-session losing streak as investors re-purchased shares whose prices fell amid cautious optimism about earnings ahead of a long weekend marking the start of the Tokyo Olympic Games. The Nikkei index closed up 0.58 percent at 27,548 points, rebounding from Tuesday’s six-month low, although it failed …

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  • 21 July 2021 1:01 pm

    Leading Stocks And Travel Companies Lead The Gains in Europe

    A series of strong results from European blue-chip companies helped the region’s stock index rise on Wednesday and continue to recover after Monday’s sharp losses, while travel stocks returned to their strong performance after weeks of declines. The pan-European Stoxx 600 index was up 0.7%, while leisure and travel stocks …

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  • 21 July 2021 12:22 pm

    Crude Oil Prices Fall on Unexpected Surge in US Stocks

    Oil prices fell after a sector report showed an unexpected increase in US crude stocks last week, stoking fears that a new surge in Covid-19 infections could reduce demand for fuel. Brent crude futures fell 36 cents, or 0.5 percent, to $ 68.98 a barrel at 0628 GMT, giving up …

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  • 21 July 2021 11:37 am

    The US Dollar Approaching Annual Peaks, ECB In Sight

    The dollar stood within shouting distance of new record annual peaks on Wednesday, as fears of rising covid-19 infections capped gains from interest rate hike expectations. Meanwhile, investors are waiting to get signs from the European Central Bank on their next move. On Tuesday, the euro touched its lowest level …

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  • 21 July 2021 10:56 am

    India Records Highest Daily Death Toll in a Month due to Covid-19

    India’s health ministry data showed that the country recorded 4,2015 new coronavirus cases in the last 24 hours, while the number of deaths jumped by 3,998, the highest daily toll since June 12. The data revealed that the total number of injuries reached 31.22 million cases, while the deaths amounted …

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  • 21 July 2021 10:25 am

    Germany Records 2,203 New Infections With Coronavirus

    Data from the Robert Koch Institute for Infectious Diseases showed on Wednesday that the number of confirmed cases of coronavirus in Germany rose by 2,203 to 3,748,613. The data revealed that the country recorded 19 new deaths from the disease, bringing the total to 91,416.

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  • 17 July 2021 7:04 am

    Weekly Recap: 12-16 July

    The second week of July was highlighted by the release of inflation data in many parts around the world led by the U.K., the U.S., and the European Union. The U.S. Consumer Price Index (CPI) jumped 5.4% in June, following a 5% increase in May, with core CPI also rising …

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  • 17 July 2021 2:19 am

    NYSE Snaps Three-Week Rising Streak

    The New York Stock Exchange (NYSE) closed lower on Friday, erasing earlier gains after data showed increased fears over inflation reflecting negatively on consumer confidence. All the major indices finished the week in losses, ending a three-week rising streak that saw multiple record-breaking levels. The Dow Jones Industrial Average lost …

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  • 17 July 2021 1:10 am

    Oil Edges Higher Recording Large Weekly Decline amid Uncertainty

    Oil prices saw a modest increase on Friday but to failed to recovery its large weekly losses, the biggest in about two months, which are mostly due to uncertainty about a new production policy agreement by the OPEC+ alliance, despite recent reports suggesting extending the current deal until the end …

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