European stocks closed Thursday higher, supported by positive sentiments regarding economic recovery as markets across the continent continue to reopen and data from the US showing a surge in new jobs during June. The pan-European STOXX Europe 600 increased by 1.89% to settle at 368.03 points, its highest closing level …
Read More »US stocks climb on upbeat sentiment after labour data
Dow Jones Industrial Average climbs in NFP-fueled risk appetite recoveryNEWS | 10/04/2024 20:09:52 G…
Gold slides following US NFP
Gold prices erase their gains after the US NFP data, here is why teaser imageGold prices are back in…
US Dollar sees best trading week in two years following NFP print
The US Dollar jumps higher after a massive positive Nonfarm Payrolls print. Tensions in the Middle E…
Goolsbee Lauds September’s Jobs Report
Interviewed at Bloomberg, Chicago Fed President Austan Goolsbee said on Friday that he considered th…
EUR/USD dragged lower following upbeat US labour data
EUR/USD slides below 1.1000 after robust US labor market growth. The EUR/USD pair falls sharply belo…
European Shares Subdued as Middle East Tensions Loom, Oil Stocks Offer Resilience
European shares remained subdued on Friday as investors weighed the risks of an expanding conflict i…
Dollar Holds Near Six-Week High Ahead of U.S. Jobs Report, Yen Surges After Turbulent Week
The U.S. dollar hovered close to a six-week high on Friday, bolstered by safe-haven demand amid risi…
Oil Prices Hold Steady Amid Middle East Tensions, Heading for Weekly Gains
Oil prices were relatively unchanged on Friday but remained on track for significant weekly gains as…
What can investors expect from looming NFP data?
As on the first Friday of every month, investors await the fresh NFP figures, The US economy is expe…
After Major Crash, Bitcoin Remains Resilient
Bitcoin’s price has remained relatively stable despite the escalating Middle East crisis. Whil…
Market Analysis
July, 2020
-
2 July 2020 10:01 pm
Leading Cryptocurrencies Trading Lower on Thursday
The top cryptocurrencies showed a decline over the past 24 hours, despite an improved risk appetite across most global markets. Bitcoin is currently trading at $9,110, down by 1.81%, while Bitcoin Cash is down by 2.32% at $220.72. Ethereum decreased by 1.88%, trading at $227.36. Tether and XRP are down …
Read More » -
2 July 2020 8:46 pm
Wall Street Opens Thursday in Green
The New York Stock Exchange (NYSE) opened higher on Thursday, supported by positive economic data, with the Nasdaq reaching a new record high. The Dow Jones Industrial Index is now up by 0.84% at 25,952 points, the S&P 500 index is up by 0.89 at 3,143.6 points, while the Nasdaq …
Read More » -
2 July 2020 8:22 pm
Germany Calls EU Members for COVID-19 Recovery Fund
German Chancellor Angela Merkel said that members of the European Union (EU) must agree on a deal to help fund the recovery of the bloc’s economies from the effects of the coronavirus disease (COVID-19) pandemic. A deal must be reached before the end of summer, Merkel stressed in her remarks …
Read More » -
2 July 2020 7:54 pm
Brazil’s Industrial Production Posts Record Rise
Industrial production in Brazil increased by 7% during May, recording its biggest rise on record. This comes as economic activity in Brazil resumed after two months of lockdown due to the spread of the coronavirus disease (COVID-19). On an annual basis, industrial production decreased in Brazil by 21.9%.
Read More » -
2 July 2020 7:15 pm
New US Factory Orders Up 8% in May
New factory orders in the United States increased during May on a monthly basis by 8%, according to data by the US Commerce Department. This shows a sign of recovery, after orders for US-manufactured goods decreased by 13.5% in April, despite coming below the market expectations consensus of an 8.9% …
Read More » -
2 July 2020 6:36 pm
Trump: US Economy is Roaring Back
The President of the United States, Donald Trump, said that the most recent job data proves that the US economy is roaring back. The US Non-Farm Payrolls (NFP) report, released by the United States Bureau of Labor Statistics, showed an increase of 4.8 million jobs in June, beating market forecasts. …
Read More » -
2 July 2020 6:01 pm
Canadian Manufacturing PMI Jumps to 47.8 in June
Markit Manufacturing PMI for Canada recovered in june. The Canadian Manufacturing PMI reported a contraction of economic activity recording 47.8 in May, compared to 40.6 in June. “The latest Canada Manufacturing PMI highlights a vastly improved situation in comparison to that seen over the previous three months,” said Tim Moore, Economics …
Read More » -
2 July 2020 5:52 pm
Unemployment Claims in US at 1.24 M
Data released by the US Department of Labor (DOL) on Thursday reported 1,427,000 initial claims for unemployment benefits in the United States in the week ending June 27, and that reading was slightly worse than the market forecast of 1,355,000. The reaction was mild in the market with the dollar …
Read More » -
2 July 2020 5:10 pm
US NFP Surges by 4.8 M in June
The US Non-Farm Payrolls report (NFP) released by the United States Bureau of Labor Statistics on Thursday increased by 4,800,800 in June, compared to an increase of 2,699,00 for May. This number is better than the market forecast; the market expected 3,000,000. Other details of the release indicated that the …
Read More » -
2 July 2020 5:00 pm
US Trade Deficit Widens to $54.6 B in May
Data released by the US Census Bureau and the Office of Economic Analysis said on Thursday that the United States’ international trade deficit widened to $ 54.6 billion in May from $ 49.8 billion in April. That recording was worse than the market expected; the market expected a deficit of …
Read More » -
2 July 2020 4:50 pm
NFP Thursday: Second Increase is in Sight
Nonfarm Payrolls are expected to record a jump in June due to reopening operations and rehiring during the month. After an increase by 2.5m in May and a significant decrease in April, economists estimate a 4m gain in June. But as coronavirus hits back, the US job growth is likely …
Read More » -
2 July 2020 4:17 pm
Eurozone Producer Prices Fell by 0.6% in May
The Eurozone producer prices fell by 0.6% in May compared to April, not in line with analysts’ expectations. Analysts had expected Eurozone producer prices to be 0.4% in May. According to estimates from Eurostat, the statistical office of the European Union. In April 2020, prices decreased by 2.0% in the …
Read More »