European stocks closed higher on Thursday, one day after the United States Federal Reserve vowed to maintain its policy in support of the economy in the face of the Coronavirus crisis. The pan-European STOXX 600 index finished higher by 0.4%, supported by a strong performance by the majority of market …
Read More »Gold Dips Below $3,300 as Strong U.S. Data Overshadows Fed Watch
Gold prices fell below $3,300 on July 30, 2025, shedding nearly 1% as robust U.S. economic data damp…
U.S. Economy Defies Tariff Fears with Robust Growth
The U.S. economy grew at a robust 3% annual rate in Q2 2025, surpassing the 2.3% forecast despite tr…
Bank of Canada Holds Rates Steady Amid U.S. Trade Uncertainty
The Bank of Canada opted to keep its policy interest rate unchanged at 2.75% on Wednesday, July 30, …
U.S. Economy Grows at a Strong 3% Annual Rate in Q2, Surpassing Expectations
The U.S. economy expanded at a 3% annualized rate in the second quarter of 2025, according to the Bu…
U.S. Private Sector Employment Surges in July, Indicating Economic Resilience
According to the latest data from Automatic Data Processing (ADP), private sector employment in the …
Eurozone Economic Growth Slows as Trade Tensions and U.S. Tariffs Weigh on Outlook
The eurozone economy grew slightly faster than expected in the second quarter, but the overall perfo…
Gold Prices Unchanged Amid U.S. Trade Uncertainty and Fed Decision
Gold prices remained largely stable on Wednesday as investors weighed ongoing U.S. trade uncertainty…
Oil Prices Steady Amid U.S. Inventory Build and Federal Reserve Meeting
Oil prices remained steady in Asian trade on Wednesday, after sharp gains earlier this week, as mark…
BoC Poised to Hold Rates Steady Amid Trade Tensions
As the Bank of Canada prepares to announce its interest rate decision on Wednesday, July 30, 2025, e…
Crude Oil Surges as Trump Issues Ultimatum to Russia
Crude oil prices soared on Tuesday, driven by heightened geopolitical tensions as the U.S. issued a …
Market Analysis
December, 2020
-
17 December 2020 8:00 pm
Employment in Canada Rises in November: ADP
Employment in Canada increased by 40,800 jobs in November up from its level in October, as shown by the November ADP Canada National Employment Report on Thursday.
Read More » -
17 December 2020 7:05 pm
US Housing Starts and Building Permits Increase
Housing starts and building permits in the United States increased during November, signaling the strength of the housing market, data by the US Department of Commerce showed on Thursday. Housing starts increased by 1.2% to a seasonally adjusted annual rate of 1.547 million units in November. On an annual basis, …
Read More » -
17 December 2020 5:44 pm
US: Weekly Initial Jobless Claims Rise to 885K
There were 885,000 initial claims for unemployment benefits in the US during the week ending December 12th, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed last week’s print of 862,000 and missed the market expectation of 800,000 by a wide margin.
Read More » -
17 December 2020 5:09 pm
BioNTech: About 140,000 Britons Have Received The Covid-19 Vaccine so Far
Ozlem Tureci, the chief physician at BioNTech, said that about 140,000 people in Britain had received the vaccine, which the company manufactured in cooperation with the American Pfizer, to prevent Covid-19 disease, adding that the evaluation of side effects and tolerance is reassuring. Britain was the first country to agree …
Read More » -
17 December 2020 4:17 pm
BoE Leaves Policy Rate And QE Unchanged in December as Expected
The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% at its December policy meeting and kept the Asset Purchase Facility steady at £895 billion.
Read More » -
17 December 2020 4:09 pm
Dollar Falls as Demand for safe-haven Weakened And Pound, Franc Drops After Touching Highest Level
The dollar hit its lowest level in two and a half years against major rival currencies on Thursday (December 17th), as risk appetite was boosted by progress towards agreement on a stimulus package in the United States and an accord linked to Britain’s exit from the European Union. On Wednesday, …
Read More » -
17 December 2020 3:12 pm
Investor Interest Raises in Bitcoin Above $23,000
Bitcoin rose to a record high one day after it crossed the $20,000 mark for the first time, amid growing interest in it from major investors. The world’s most prominent cryptocurrency jumped 10.5% to 23,655 dollars, to exceed its gains this year 220%, supported by a request from large investors …
Read More » -
17 December 2020 2:30 pm
European Stocks Rise For a Fourth Session on Optimism
European shares remained at their highest level in ten months Thursday, December 17th, as hopes for more stimulus in the United States and possible distribution of COVID-19 vaccines in Europe boosted expectations for a global economic recovery. The German DAX index rose 1.1% to reach its highest level since February, …
Read More » -
17 December 2020 1:52 pm
Gold Rising as US Dollar Was Negatively Affected by The Progress of The US Stimulus
Gold prices reached a week high on Thursday, December 14th, as progress in reaching an agreement on fiscal stimulus in the United States pressed the dollar, while the yellow metal received more support thanks to the US Federal Reserve’s pledge to keep interest rates low until the economy recovers. In …
Read More » -
17 December 2020 1:13 pm
SNB Leaves Key Rate Unchanged at -0.75%
The Swiss National Bank (SNB) board members announced a no change to their monetary policy settings after it concluded the December quarter monetary policy assessment on Thursday. The SNB kept the key sight deposit rate steady at -0.75% while maintaining the 3-Month Libor Target Range steady between -1.25% to -0.25%, …
Read More » -
17 December 2020 12:38 pm
Japan Stocks Closing Higher on Hopes of US Stimulus
Japanese stocks closed higher for a second session Thursday (December 17th) as sentiment received a boost from expectations of further economic stimulus in the US and pledges of support from the US Federal Reserve. The benchmark Nikkei index rose 0.18% to 26,806.67 points, offsetting losses incurred in morning trade. The …
Read More » -
17 December 2020 12:47 am
Fed Pledges Asset Purchases to Achieve Recovery
The United States Federal Reserve vowed in its last policy statement of 2020 to support the economy until it recovers from the Coronavirus crisis. The Fed is set to continue to buy at least $120 billion of bonds each month until substantial further progress has been made toward the Committee’s …
Read More »