Chinese retail sales rose 4.6% year-on-year last month, while analysts’ expectations were higher at 5.5% growth, and compared to 5% growth in November. Fixed asset investment increased 2.9% in 2020, compared to expectations for a 3.2% growth and a 2.5% rise in the first eleven months of the year.
Read More »Will Cracks Emerge in US-Japan Trade Deal?
Discrepancies Over Investment and Profits:A seemingly triumphant announcement of a preliminary trade…
Gold Miner Shines: Earnings Soar as Precious Metal Prices Climb
Shares of a leading gold mining company surged on Friday, reaching their highest level in three year…
Political Firewalls Weaken: Are Powell’s Stance, Fed’s Independence Still Under Threat?
A significant shift is underway in the political landscape surrounding the Federal Reserve. While Pr…
Dow Jones Rebounds: Unexpected Durables Strength and Tariff Hopes Fuel Market Rally
The Dow Jones Industrial Average (DJIA) demonstrated a notable recovery on Friday, clawing back rece…
Oil Under Pressure: Brent and WTI Drop as Supply Surges and Demand Outlook Clouds
Global oil markets are facing renewed pressure, with both West Texas Intermediate (WTI) and Brent cr…
US Treasury Yields Climb As Countdown For Fed’s Policy Meeting Begins
As financial markets gear up for the central bank’s pivotal meeting next week, the US 10-Year …
Euro Stands Strong Amidst Global Trade Disputes
The Euro has demonstrated remarkable resilience in recent months, emerging as a top performer among …
Major Trade Breakthrough: EU and US Nearing Framework Agreement This Weekend
Optimism is building for a significant advancement in transatlantic trade relations, as officials fr…
U.S. Stock Futures Edge Higher as Investors Digest Earnings and Trade Deal Optimism
U.S. stock index futures were on the rise Friday, capping off a generally positive week as investors…
Bitcoin Drops Below $116,000 as Caution Mounts Ahead of U.S. Fed Meeting and Crypto Policy Report
Bitcoin faced a decline on Friday, dropping below $116,000 amidst growing caution in the market. The…
Market Analysis
January, 2021
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18 January 2021 12:32 pm
Chinese Industrial Output Grew by 7.3% in December
According to data released, China’s industrial output rose at a faster-than-expected rate of 7.3% in December compared to a year ago, to continue growth for the ninth month in a row in a continuation of the post-Covid recovery in the huge manufacturing sector, supported by strong exports. Analysts polled by …
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16 January 2021 2:46 am
A Closer Look at Biden’s $1.9 Tr Rescue Plan
The President-elect of the United States, Joe Biden, revealed late yesterday a new government stimulus plan worth $1.9 trillion to help the economy face the effects of the Coronavirus pandemic, under the name “The American Rescue Plan.” The plan will grant a monthly payment of $2,000 per household by adding …
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16 January 2021 2:30 am
NYSE Indices End the Week in Losses
The New York Stock Exchange (NYSE) closed Friday on a lower note, with the main indices ending the week with the biggest losses since the end of October. Weak economic data prompted concerns about the state of the economy, which still struggles with the Coronavirus pandemic. The Dow Jones Industrial …
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16 January 2021 2:24 am
U.S. Treasury Yields Decline for the Week
Treasury yields in the United States declined on Friday, after data showed that the American economy continues to suffer from the impact of the Coronavirus pandemic. Yield on the 10-year Treasury bonds went down by 3.1 basis points to 1.097%, declining by 0.8 basis point compared to its level by …
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16 January 2021 2:20 am
Oil Erases Weekly Gains and Turns to Losses
Oil prices declined on Friday, giving up most of their weekly gains in a correction wave that follows recent surges amid continuous concerns about the rising number of new Coronavirus cases. Brent crude futures for March delivery declined by $1.32, or 2.3%, to close at $55.10 per barrel. For the …
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15 January 2021 11:18 pm
U.S. Oil Rig Count Rises for Eight Week in Row
Active rigs drilling for oil in the United States increased by 12 to 287 this week, according to the weekly report released on Friday by Baker Hughes. This is the eight consecutive weekly rise for the U.S. oil rig count. The total rig count, representing the number of active rigs …
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15 January 2021 11:15 pm
Gold Closes Lower and Turns to Weekly Losses
Gold prices declined on Friday as the U.S. Dollar (USD) continued to show some rebound signs across the board. Gold futures for February delivery lost $26.30, or 1.4%, to close the week at the level of $1,825.10 per ounce. The most active yellow metal contracts have registered a weekly decline …
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15 January 2021 11:10 pm
U.S. Consumer Sentiment Declines: University of Michigan Survey
Consumer sentiment in the United States slightly declined during the first half of January after the attack of the U.S. Capitol sparked political uncertainty and as the number of new Coronavirus cases continues to surge with a slow rollout of vaccines. The University of Michigan’s consumer sentiment index fell to …
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15 January 2021 11:06 pm
European Stocks Turn to Weekly Losses
European stocks declined on Friday, closing lower after rising for three consecutive sessions, turning to weekly losses amid a rising number of new Coronavirus cases across the continent. The STOXX Europe 600 index finished lower by about 1%, turning to a weekly decline of 0.8%. In France, the CAC40 ended …
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15 January 2021 8:39 pm
U.S. Business Inventories Rise in November
Business inventories in the United States grew during November, data by the U.S. Department of Commerce showed on Friday. After registering an increase of 0.8% in October, business inventories increased by 0.5% in November. On an annual basis, business inventories declined by 3.2% during November 2020. Meanwhile, retail inventories went …
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15 January 2021 8:22 pm
IMF Urges Continuous Support for Economies amid Pandemic
The International Monetary Fund (IMF) has called upon countries to maintain support for economies amid the complications and risks resulting from the Coronavirus pandemic. “The global economy is at a critical juncture,” said the IMF spokesman Gerry Rice, Reuters reported.“There remains a great deal of uncertainty. The prospect for a …
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15 January 2021 7:26 pm
U.S. Industrial Production Rises in December
Industrial production in the United States grew during December for the eighth consecutive months, data showed on Friday. Factory output increased by 0.9% last month compared with a 0.8% rise in November, according to data by the U.S. Federal Reserve. Total industrial production surged by 1.6% in December, recording its …
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