Russian Energy Minister Alexander Novak said that it is “very important” that Russia and the rest of the oil producers quickly regain their market share or even raise it as soon as the demand for crude recovers. In order to ensure that it does not lose its share in the …
Read More »Jobless Claims Data Explainer: A Resilient US Labour Market, But for How Long?
The recent decline in US jobless claims, falling to an 11-month low, offers a seemingly positive sna…
The Fed’s Cautious Path: What to Expect from December’s FOMC Minutes
The Federal Reserve’s decision to cut interest rates in December, while welcomed by some, was …
China Anticipates Record Travel During Lunar New Year Amid Economic Struggles
China is bracing for an unprecedented travel surge during the upcoming Lunar New Year, with authorit…
Dollar Strengthens Amid Robust U.S. Data, Weighing on Global Currencies
The U.S. dollar advanced for the second consecutive day on Wednesday, buoyed by strong economic data…
Japan’s Consumer Sentiment Weakens, Casting Doubt on Central Bank’s Policy Outlook
Consumer sentiment in Japan took a hit in December, as per a government survey released on Wednesday…
European Shares Edge Higher Amid Strength in Healthcare and Financial Stocks
European stocks saw modest gains on Wednesday, driven by advances in heavyweight healthcare and fina…
Oil Prices Edge Higher Amid Tightening Supplies and Strong U.S. Economic Data
Oil prices gained on Wednesday, supported by tightening supplies from Russia and OPEC members, along…
Bitcoin Extends Losses Amid Rate Concerns, Wiping Out Recent Gains
Bitcoin continued its downward trajectory on Wednesday, erasing the entirety of its recent rebound a…
ISM Data Fueling Interest Rate-linked Fears Accounts For Stock Market Downturn
US stocks experienced slid on Tuesday, with the S&P 500 and Nasdaq Composite falling significan…
Canadian Dollar Faces Headwinds Amid Political Turmoil
The Canadian Dollar (CAD) has halted its recent bullish recovery, halting on the charts and cycling …
Market Analysis
September, 2020
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8 September 2020 1:30 pm
Novak: Russia Must Restore its Share in Oil Market as soon as Demand Recovers
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8 September 2020 12:33 pm
Oil Falls on Demand Concerns And The End of Holiday Season in US
Oil prices fell on Tuesday, September 8, amid concerns about fuel demand as the summer holiday season in the United States comes to an end, and a long Labor Day weekend has increased fears of an increase in coronavirus cases in more US states. US West Texas Intermediate crude futures …
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8 September 2020 12:29 pm
German Shares Rise And Brexit Tension is Pressing Europe
Stocks listed in Frankfurt rose on Tuesday, September 8th, while the rest of the European markets fell, as data showed that German exports increased in July, dispelling fears that the United Kingdom faces the risk of leaving the European Union without a trade deal. The European Stoxx600 index fell 0.1% …
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8 September 2020 11:33 am
Gold Retreating Due to Strength of Dollar, Eyes on Central Banks
Gold fell on Tuesday, September 8th, due to the rise of the dollar, but the losses were limited by doubts about economic recovery, while investors awaited the strategies of central banks’ policies in North America and Europe. Gold spot fell 0.2% to 1925.38 dollars an ounce by 05:10 GMT. And …
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8 September 2020 11:06 am
Japan’s Economy Contracted For The Third Consecutive Quarter
Japan’s economy contracted during Q2 of this year at a record annual rate of 28.1%, after adjusting from a preliminary figure of 27.8% that was estimated last month. The reading came in line with analysts’ expectations for a 28.4% contraction. This represents the third consecutive quarterly contraction, the largest decline …
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8 September 2020 11:02 am
Germany’s Exports Rose in July, But Below Pre-Pandemic Levels
Data showed that German exports increased 4.7% in July, indicating that Germany’s economic recovery from the Coronavirus crisis remains on track, although export shipments are still well below the pre-crisis level. The Federal Statistics Office said that imports rose only 1.1% on a monthly basis, bringing the trade surplus adjusted …
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8 September 2020 10:37 am
Trump Raises Prospect of “Decoupling” US Economy From China
US President Donald Trump raised the idea of the US economy decoupling from the Chinese economy, indicating that the United States will not lose money if business activities between the two countries ceased. “decoupling, it’s an interesting word,” Trump told during a news conference at the White House. “We will …
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8 September 2020 2:16 am
Dubai TV Interview, September 7, 2020
The main remarks by Mohamed Hashad, Director of Research and Development at Noor Capital, to Dubai TV on Monday, September 7, 2020. Wall Street Recent remarks by the Federal Reserve at the Jackson Hall annual conference and the review of its policy, allowing inflation to go above the long-term target …
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8 September 2020 1:14 am
The Main Challenges Facing Japan’s Next Prime Minister
Shortly after Japanese Prime Minister Shinzo Abe announced that he is stepping down due to health issues, the market reacted with anticipation for the one who will replace Japan’s longest serving PM. A recent report by CNBC explored the main challenges facing the next Prime Minister of Japan, noting that …
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7 September 2020 10:58 pm
UK Housing Prices Reach New Record High
House prices in the United Kingdom recorded a huge rise last month, reaching a new record level, according to data by IHS Markit. The Halifax House Price Index increased by 5.2% in August on an annual basis. This is the largest rise for the house-pricing index since late 2016. The …
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7 September 2020 10:32 pm
Wall Street Awaits Another Tech Bubble
The recent fall of tech stocks on Wall Street led to rising concerns regarding the outlook for the stock market, amid worries that recent surges and record-breaking activity went in the opposite direction of the troubled economy due to the Coronavirus (COVID-19) crisis. “I think we are certainly in bubble …
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7 September 2020 9:45 pm
Italian Competition Authority Investigates Google, Apple
Competition authorities in Italy are investigating the cloud storage services run by Apple, Dropbox, and Google, CNBC reported. The Italian Competition and Market Authority has reportedly launched a total of six investigations into Google Drive, the iCloud and DropBox, after several complaints for unfair practices. The complaints involve how the …
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7 September 2020 8:28 pm
European Stocks Finish with Strong Gains
The European stock markets showed a strong rebound on Monday, opening the week with high gains after two consecutive losses that were driven by a slump in the tech sector. The pan-continental STOXX Europe 600 index closed higher by 1.6%, while the UK’s FTSE100 surged by 2.39%. In Germany, the …
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