The seasonally adjusted IHS Markit final U.S. Manufacturing Purchasing Managers’ Index (PMI) rose in January to a reading of 59.2 up from 57.1 in December, data showed on Monday. The final reading comes in line with the earlier flash estimate of 59.1. The reading signals a substantial improvement in operating …
Read More »Fed’s Rate Cut Countdown: Treasury Yields Hint at Cautious Easing Ahead
Treasury yields have shown mixed performance, reflecting market uncertainty. The 10-year Treasury yi…
Oil Prices Swing Between Geopolitical Tensions and U.S. Demand Concerns
Global oil prices edged higher on Friday, buoyed by renewed supply risks from Russia, but gains were…
AI Hype vs. Reality: Why Adobe’s Stock Fell Despite Beating Earnings
Adobe’s stock is taking a hit despite the company reporting better-than-expected quarterly res…
Why Did the Dow Retreat from Record Highs?
The Dow Jones Industrial Average (DJIA) retreated from its record-setting run, slipping below 46,000…
Euro Fights Back as US Consumer Confidence Retreats
The Euro is attempting to stabilize against the US Dollar, hovering around 1.1720 after a sharp dip.…
Could a Faltering UK Job Market Sink GBP?
The British Pound has been trading cautiously, held back by persistent concerns over the health of t…
Dollar Steadies Ahead of Fed Rate Decision After Mixed U.S. Data
The U.S. dollar edged slightly higher on Friday, pausing its recent slide as investors digested a co…
U.S. Stock Futures Edge Lower as Fed Rate Cut Bets Remain Firm Ahead of Michigan Survey
Futures Pull Back After Record Highs U.S. stock futures slipped slightly on Friday, consolidating af…
U.K. Economy Stalls in July, Keeping Pressure on the Bank of England
The U.K. economy flatlined in July, marking a sharp slowdown from the previous month’s expansion and…
European Stocks Edge Higher as Investors Weigh Growth, Inflation, and Oil Weakness
European equity markets posted modest gains on Friday, consolidating after a generally upbeat week, …
Market Analysis
February, 2021
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1 February 2021 6:47 pm
Canada’s Manufacturing PMI Drops in January
The headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) declined in January to 54.4 from 57.9 in December, data showed on Monday. However, Canadian manufacturing businesses witnessed a solid expansion in business conditions, especially in the goods-producing sector. Production volumes increased solidly in January, extending the current …
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1 February 2021 5:39 pm
Factory Growth in Britain Has Slowed Due to Coronavirus And Brexit
A survey published Monday, February 1, showed that British manufacturers faced a double whammy last month due to global shipping disruptions due to the outbreak of a new wave of the Coronavirus, accompanied by new trade barriers with the European Union. Separate data from the Bank of England showed a …
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1 February 2021 4:46 pm
EU: Unemployment Rate Stays Unchanged at 8.3% in December as Expected
The seasonally adjusted Unemployment Rate in the euro area stayed unchanged at 8.3% in December, the data published by the Eurostat showed on Monday. This reading came in line with market expectation. Further details of the publication revealed that the EU Unemployment Rate in the same period was 7.5%.
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1 February 2021 4:00 pm
Turkish Lira Rose 1.5% to August Levels
The Turkish lira rose 1.5% on Monday, to its highest level since August, while a measure of risk retreated to near its lowest level in a year, supported by a tightening monetary tone from the central bank and data indicating a further recovery in manufacturing industries. The currency has outperformed …
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1 February 2021 3:28 pm
Silver Rises to a Peak of 6 Months Due to Retail Boom
Silver rose for the third session in a row on Monday, February 1, rising as much as 7.4% near a six-month peak after posts on social media last week called for retail investors to flood the market. Spot silver reached its highest level since August 11 at $ 29.7 an …
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1 February 2021 3:07 pm
Currencies Overview: Dollar Falls as Demand For Safe Haven Dwindles Due to The Rise in Asian Stocks
The safe-haven dollar weakened on Monday, February 1 st as risk sentiment improved thanks to hopes that retail investors who targeted hedge funds last week turned their sights elsewhere. The US currency fell against most of its counterparts, as Asian stocks rose after four-day losses. The Australian dollar offered the …
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1 February 2021 2:05 pm
European Stocks Rise and Mining Companies Leading Early Gains
European stocks rose on Monday, recovering from their worst weekly decline since October, backed by a rally in mining stocks after an ongoing flurry of retail interest shifted to silver. The European Stoxx600 index rose 0.8%, while mining stocks including Fresnelo, Polymetal International and Polydin led the early gains in …
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1 February 2021 1:45 pm
Chevron Turns Into a Loss in The Last Quarter Due to Weak Refining Activities
The US oil giant Chevron turned to incur losses in the fourth quarter of $ 11 million, as lower fuel margins, the costs of acquisitions and the effects of foreign currency overshadowed the improvement in the results of exploration activities. It is expected that oil companies will benefit from the …
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1 February 2021 1:04 pm
Oil Gains Despite Distribution of Vaccine And New Strains of Coronavirus Faltering
Oil prices rose Monday, February 1, after a weak start, to consolidate the gains it made over the past three months, despite the faltering operations of the distribution of anti-Coronavirus vaccines, new infections and the discovery of new strains casting shadows on demand expectations. Brent crude futures rose 36 cents, …
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1 February 2021 12:45 pm
Japan shares Closed Higher on Positive Earnings Outlook
Japanese shares closed higher on Monday, February 1, after falling for two sessions, as sentiment was boosted by positive earnings outlooks and gains made by shares of chipmakers that had previously been hit. The benchmark Nikkei index rose 1.55% to 2,8091.05 points, and the broader Topix index gained 1.16% to …
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1 February 2021 6:43 am
Weekly Recap: 22-26 January
The last week of January witnessed the first policy meeting for the United States Federal Reserve in 2021, one week following that of the European Central Bank (ECB). The Federal Open Market Committee (FOMC) decided to maintain interest rates and the pace of the asset-purchase program both unchanged following a …
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January, 2021
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30 January 2021 2:31 am
Fed’s Kaplan Expects Debates about Easy Policies
The President of the Federal Reserve Bank of Dallas, Robert Kaplan, said on Friday that he expects enthusiastic debates inside the United States Federal Reserve about the time when they will begin reducing the current pace of monetary easing policies. Kaplan did not offer his assumption on when could that …
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