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Market Analysis

August, 2021

  • 3 August 2021 5:19 pm

    The US Yields Near Six-Month Lows

    The yield on the benchmark 10-year Treasuries traded near 1.18% after dropping to 1.15%, the lowest in nearly 6 months amid weak data and as investors remain concerned about a spike in COVID-19 cases.

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  • 3 August 2021 4:09 pm

    Survey Shows US Employment Slowed in July

    UKG said employee growth within the US, across a wide range of industries, grew by 1.1% from mid-June to mid-July, coinciding with the period in which the Federal Government Employment Survey was conducted. That was about half of the 2% growth rate seen between May and June before the massive …

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  • 3 August 2021 3:05 pm

    Currencies Overview: New Zealand And Australian Dollars Jump on Central Banks

    New Zealand and Australian dollars made the biggest gains among the major currencies on Tuesday, supported by comments from the two countries’ central banks, while the US dollar fell against the Japanese yen and the Swiss franc amid some risk aversion in the markets. The Australian dollar rose strongly after …

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  • 3 August 2021 3:01 pm

    Tech Put Pressure on European Shares And BP Jumps

    Technology shares and concerns about the spread of a global delta dynasty continued to pressure European shares on Tuesday, despite encouraging results updates from companies including BP and automaker Stellantis. The pan-European Stoxx 600 index fell 0.1%, after hitting a record high in the previous session. Most Asian stocks also …

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  • 3 August 2021 1:28 pm

    Oil Prices Fall as Recovery Momentum Runs out on Demand Fears

    Crude oil prices reversed course after an early recovery, as concerns about coronavirus restrictions combined with slowing factory activities in key markets weighed on sentiment. Brent crude futures were down 26 cents, or 0.4%, at $72.63 a barrel by 0645 GMT. US West Texas Intermediate crude fell 16 cents, or …

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  • 3 August 2021 12:30 pm

    Nikkei Closes Lower as Coronavirus Cases Rise

    Japan’s Nikkei index closed lower on Tuesday, as rising COVID-19 cases pressured sentiment, while video-game companies slashed after Chinese media described online games as “spiritual opium”. The Nikkei fell 0.5%, while video-game production company Nixon plunged 6.51%. The rest of the game makers’ shares also pushed the index lower. DNA …

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  • 3 August 2021 11:38 am

    Societe Generale’s Quarterly Profit Beats Expectations

    Societe Generale

    France’s Societe Generale reported a net income of 1.44 billion euros (about $1.71 billion) for the second quarter of the year, buoyed by a recovery in retail banking in France. Analysts had expected a net profit of 704 million euros for the three-month period, according to Refinitiv data. The latest …

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  • 3 August 2021 11:15 am

    Italy Records a Surplus of 5.7 Billion Euros in July

    Italy

    Italy posted a public budget surplus of 5.7 billion euros ($6.77 billion) in July, compared to a deficit of 7.2 billion euros in the same month last year, the Treasury said in a statement on Monday. This difference is mainly due to an increase in tax revenue. The Treasury said …

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  • 3 August 2021 10:40 am

    Gold Falls in Limited Range Trading Ahead of US Jobs Data

    Gold prices fell, moving in a narrow range, as investors held off making big bets focusing on important US jobs data due later in the week, a key indicator of the US Federal Reserve’s stance on policies ahead. And gold fell in spot transactions 0.1 percent to $ 1810.92 an …

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  • 3 August 2021 7:36 am

    Yellen Lowers Borrowing Estimates as Debt Ceiling Expires

    U.S. Treasury Secretary Janet Yellen is working to avoid default after Congress failed to extend the suspension of the debt ceiling. Yellen told Congress that the department is taking extra steps to ensure this, expressing in a written letter to lawmakers that resolving the issue would be the better choice. …

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  • 3 August 2021 7:21 am

    Fed’s Waller Expects Tapering to Begin Next Month

    The United States Federal Reserve might begin cutting back the massive asset purchases as early as October, Governor Christopher Waller told CNBC in an interview on Monday. “In my opinion, that’s substantial progress and I think you could be ready to do an announcement in September.” Waller thinks it all …

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  • 3 August 2021 6:35 am

    Third of New COVID Cases in U.S. Come from TWO STATES!

    One out of every three new cases infected with the novel coronavirus (COVID-19) in the United States were in Florida and Texas last week, according to a Biden administration counselor. Jeff Zients, White House Coronavirus Response Coordinator, told reporters in a press briefing on Monday that 17% of cases were …

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  • 3 August 2021 5:48 am

    NYSE Finishes Lower Reversing Earlier Gains

    The New York Stock Exchange (NYSE) finished Monday mostly in losses, erasing earlier gains amid worries about recovery from the coronavirus pandemic, with the rising number of infections with the new Delta variant, especially after the PMI showed slower expansion in U.S. economic activity last month. The Dow Jones Industrial …

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