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Market Analysis

January, 2021

  • 4 January 2021 1:57 pm

    UK Final Manufacturing PMI Beats Estimates in December

    The UK manufacturing sector activity improved more-than-expected in the month of December, the final report from IHS Markit confirmed on Monday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised higher to 57.5 in December versus 57.3 expected and 57.3 first readout.

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  • 4 January 2021 1:41 pm

    Oil Prices Touching Highest Level in Several Months

    Oil prices touched a multi-month high on Monday, thanks to expectations that OPEC and allied producers may restrict production at current levels in February as the coronavirus pandemic keeps first-half demand concerns high. Prices rose in line with the financial markets in general, while Brent crude reached $ 53.17 a …

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  • 4 January 2021 12:52 pm

    Gold at an 8-Week High Due to Concerns About More Restrictions Due to Coronavirus

    Gold prices began the new year at a high level and rose to a peak of eight weeks Monday, as gold’s appeal as a safe haven was strengthened by the increase in COVID-19 infections and the possibility of tighter restrictions imposed to contain the pandemic. And gold rose in the …

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  • 4 January 2021 12:34 pm

    Japan Stocks Start The Year With a Drop and Tokyo Awaiting The Declaration of a State of Emergency

    Japan shares closed lower on Monday after Prime Minister Yoshihide Suga said he was considering declaring a state of emergency in Tokyo and surrounding areas to contain the spike in coronavirus infections domestically. The Nikkei index fell 0.68% to 27,258.38 points on its first trading day in 2021, its biggest …

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  • 1 January 2021 1:56 am

    Gold Rises by 25% in 2020

    Gold futures rose on Thursday, finishing a year of strong gains that came on the back of increased demand for the safe haven amid the Coronavirus pandemic and the decline of the US Dollar (USD). Gold futures for February delivery rose by $1.70, or 0.1%, failing to close above $1,900, …

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December, 2020

  • 31 December 2020 11:57 pm

    NYSE Finishing 2020 with Mostly Large Gains

    The main indices of the New York Stock Exchange (NYSE) are ending 2020 on a positive note, supported by the recently approved government stimulus package as well as the rollout of Coronavirus vaccines. Investors are optimistic about the prospects of an economic recovery in 2021 and this has provided strong …

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  • 31 December 2020 11:43 pm

    US Treasury Yields Decline on Thursday

    Treasury yields in the United States declined on Thursday, the last trading session of 2020. The 10-year Treasury note yield decreased by one basis point to 0.916%. Return on the 30-year bond went down by 1.4 basis points to 1.648%. Meanwhile, the two-year note yield fell by 0.4 basis point …

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  • 31 December 2020 11:27 pm

    USD Ending Worst Year Since 2017

    The US Dollar (USD) is ending 2020 as its worst year since 2017, amid expectations that increased government stimulus and the easing policies of the United States Federal Reserve will further weaken the greenback in 2021. However, the USD is rising on Thursday supported by the decline in jobless claims. …

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  • 31 December 2020 10:46 pm

    Oil Closing the Year with 20% Losses

    Oil prices are declining on Thursday, the last session of 2020, a year in which crude futures lost more than 20% of their trading value. The Coronavirus pandemic has severely impacted the global oil industry, with crude prices hitting lows not seen in years amid a decline in demand for …

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  • 31 December 2020 9:19 pm

    European Stocks End 2020 in Red

    European stocks closed lower on Thursday, the last trading session of the year 2020 that was dominated by the Coronavirus pandemic. The STOXX Europe 600 index declined by 0.14% after a short trading session ahead of the New Year’s Holiday. The annual losses of the pan-European index have reached 3.8%. …

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  • 31 December 2020 6:45 pm

    FTSE100 Sees Worst Year Since 2008

    The benchmark index of the London Stock Exchange (LSE), FTSE100, declined by 1.5% to close the year at the level of 6,460 points. This means that annual losses for the index have reached 14%, registering its worst yearly performance since 2008. The last day of the year also marks the …

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  • 31 December 2020 6:05 pm

    US: Weekly Initial Jobless Claims Decline to 787K

    There were 787,000 initial claims for unemployment benefits in the US during the week ending December 26, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 806,000 and came in better than the estimate of 833,000.

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  • 31 December 2020 5:32 pm

    EU Commission Regrets US Decision to Extend Tariffs on EU products

    The European Commission said on Thursday that it regrets the United States’ decision to extend tariffs to further European products, as reported by Reuters. “The US action disrupts negotiations to find a settlement to aircraft subsidy dispute,” the EU Commission further noted

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