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Market Analysis

November, 2020

  • 26 November 2020 1:59 pm

    Japan Stocks Closed at Highest Level in More Than 29 Years

    Japanese stocks rose Thursday, November 26, to close at the highest level in more than 29 and a half years, as technology stocks went on the path of their American counterparts on the Nasdaq index, but the gains were limited by concerns about the latest restrictions to combat the Coronavirus …

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  • 26 November 2020 1:30 pm

    Dollar Declining With Warnings of a Further Decline

    The dollar fell on Thursday, November 26, as negative US economic data and optimism about coronavirus vaccines prompted investors to turn to more risky currencies associated with global commodities and emerging markets. The British pound traded near its highest level in more than two months against the dollar, as investors …

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  • 26 November 2020 12:24 pm

    Gold Rises as Stimulus Hopes Increased on US Data and Virus Fears

    Gold prices rose Thursday, November 26, supported by the dollar’s decline, as investors bet that the disappointing US jobs data and the increase in Covid-19 cases around the world are prompting the authorities to announce more stimulus measures. Spot gold rose 0.2% to $ 1809.61 an ounce. US gold futures …

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  • 26 November 2020 12:11 pm

    Oil at Its Highest Level Since March as Eyes Heading Towards OPEC+ Meeting

    Oil continues the series of gains in recent days, which pushed it to its highest level since March, and the sector is looking forward to an OPEC+ meeting at the end of November to discuss increasing production by two million barrels from January.

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  • 26 November 2020 11:35 am

    British Car Production Down 18% in October

    The Society of Motor Manufacturers and Traders in Britain said that Britain’s production of cars fell at an annual rate of 18.2% in October, as the Coronavirus pandemic and lockdown measures continued to affect demand. October’s performance rounds off an “extremely tough” 10 months for UK carmakers and suppliers, with …

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  • 26 November 2020 10:39 am

    Australia’s Private Capex Misses Estimates With -3% in Q3

    Australia’s Private Capital Expenditure fell more-than-expected in the third quarter, the latest data published by the Australian Bureau of Statistics (ABS) showed on Thursday. Total new capital expenditure fell by 3% in the September quarter 2020 vs. -1.5% expectations and a 5.9% slump witnessed in the June quarter.

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  • 26 November 2020 10:10 am

    The Nikkei is Down 0.16% in Early Trading in Tokyo

    The Nikkei index fell in early trading in Tokyo on Thursday. The Nikkei slipped 0.16% to 26,255.47 points, while the broader Topix index fell 0.39% to 1760.86 points.

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  • 26 November 2020 3:27 am

    Minutes: Fed Could Expand Bond-Buying Program

    The United States Federal Reserve Board and the Federal Open Market Committee (FOMC) on Wednesday released the minutes of the committee meeting held on November 4-5. Policymakers have discussed in their most recent meeting potential adjustments to the asset purchase program, as shown by the minutes released on Wednesday. The …

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  • 26 November 2020 3:04 am

    Oil Maintains Gains at Highest Level Since Early March

    Oil prices continued to rise on Wednesday, reaching their highest level in about nine months. Brent crude futures for January delivery increased by 75 cents, or 1.6%, to finish at $48.61 per barrel. The West Texas Intermediate (WTI) crude futures for January delivery gained 80 cents, or 1.8%, to close …

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  • 26 November 2020 1:43 am

    Gold Attempts Recovery with Marginal Gains

    After consecutive declines this week, gold prices rose on Wednesday, but remain far from their level prior to the recent correction wave. Gold futures for December delivery gained 90 cents, or less than 0.1%, to close at $1,805.50 per ounce. Meanwhile, silver futures for December delivery added 6.2 cents, or …

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  • 26 November 2020 12:50 am

    US Home Prices Accelerate in September

    Home prices in the United States rose during September, according to recent data. The S&P CoreLogic Case-Shiller National Home Price Index surged by 7% during the fiscal year that ended in September, up from a 5.8% annual rate in August. This is the highest annual rise in the index since …

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  • 26 November 2020 12:20 am

    US Consumer Spending Rises While Incomes Decline

    Household spending in the United States increased more than what was expected during the month of October, data by the US Department of Commerce showed on Wednesday. Purchases increased by 0.5% on a monthly basis, after rising by 1.2% in September. Meanwhile, personal incomes declined by 0.7%.

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  • 25 November 2020 10:54 pm

    European Stocks Close Nearly Unchanged

    European stocks closed Wednesday nearly unchanged, after achieving recent gains on restored political certainty in the US and positive news about Coronavirus vaccines, despite the surge in new cases and lockdown measures across the continent. The STOXX Europe 600 index finished marginally lower by 0.056%. In the UK, the FTSE100 …

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