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Market Analysis

April, 2021

  • 13 April 2021 11:00 pm

    European Stocks Return to Gains Approaching Record Highs

    European stocks closed higher on Tuesday, near their all-time highs, amid anticipation for major economic data and earnings reports. The STOXX Europe 600 index gained 0.13% to finish at 435.80 points. Retail stocks led the gains, adding 1.6%, while the banking sector topped the losses and fell by 0.6%. The …

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  • 13 April 2021 7:36 pm

    Wall Street Mixed Following Inflation Data and Vaccine News

    The New York Stock Exchange (NYSE) is showing a mixed performance on Tuesday, following the release of inflation data for March and halting the distribution of the Johnson & Johnson coronavirus single-dose vaccine. The Dow Jones Industrial Average gave up a record high ad decline by around 0.26% to 33,660 …

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  • 13 April 2021 6:02 pm

    U.S. to Halt Johnson & Johnson’s vaccine

    Health authorities in the United States on Tuesday recommended stopping the use of the Johnson & Johnson’s coronavirus vaccine, Reuters reported. Hopes were high for the single-dose vaccine, however, it was recently reported that six females under the age of 50 years developed rare blood clots after receiving the shot. …

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  • 13 April 2021 5:32 pm

    Dollar Drops Following Inflation Data

    The U.S. Dollar (USD) turned to the negative side on Tuesday, following the release of the consumer price index (CPI) March reading. The CPI increased by more than expected last month, rising by 0.6% on a monthly basis and by 2.6% on an annual level. A surge in gasoline prices …

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  • 13 April 2021 4:43 pm

    US Annual Core Inflation Rises to 1.6% in March

    Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 0.6% on a monthly basis in March from 0.4% in February. to be updated…

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  • 13 April 2021 4:41 pm

    OPEC Raises 2021 World Oil Demand Growth Forecast

    US Oil (

    In its latest monthly report, the Organization of the Petroleum Exporting Countries (OPEC) raised its forecast for global oil demand growth in 2021 to 5.95 million barrels per day from 5.89 million barrels per day in the previous report, per Reuters. “There have been sizeable drawdowns in global inventories since mid-2020 …

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  • 13 April 2021 3:48 pm

    Currencies Overview: Dollar Rises From Nearly Three-week Low as Trader Brace For Inflation Data

    The dollar rose from a nearly three-week low against the major rivals on Tuesday, buoyed by a surge in US Treasury bond yields, as investors awaited closely watched US inflation data, which is scheduled for release later on Tuesday. The dollar had retreated, as did US bond yields this month, …

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  • 13 April 2021 3:44 pm

    German ZEW Economic Sentiment Index Drops April

    The ZEW Institute for Economic Research said that investor sentiment in Germany recorded a sudden decline in April, pointing to growing concerns about the imposition of tougher isolation measures in Europe’s largest economy, reducing private consumption. The German ZEW headline numbers for April showed that the Economic Sentiment Index dropped …

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  • 13 April 2021 3:41 pm

    US Recommends Pause For Johnson & Johnson COVID-19 Vaccines Over Clot Reports

    FDA

    The US Food and Drug Administration said it is asking states to temporarily stop using Johnson & Johnson’s Covid-19 vaccine after 6 people in the United States developed a rare blood clotting disorder. The US Food and Drug Administration said the recommendation “results from an abundance of caution,” adding that …

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  • 13 April 2021 2:32 pm

    Bitcoin Hits Record Highs

    It reached an unprecedented peak at $ 62,575, to continue its series of gains in 2021 and reach a new peak. The price of the largest cryptocurrencies in the world has more than doubled this year amid the growing acceptance of the traditional financial sector as an investment tool and …

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  • 13 April 2021 2:15 pm

    Turkish Industrial Production Rose 8.8% in February, YoY

    Data showed that industrial production rose 8.8% on an annual basis in February, which is in line with expectations and indicates its growth for the ninth month in a row after it was affected last year as a result of measures to contain the Coronavirus pandemic. The Turkish Statistics Institute …

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  • 13 April 2021 1:58 pm

    Oil Rising Supported by Strong Chinese Data

    Oil prices rose on Tuesday, April 13th, as data from China showed an increase in the growth of imports of the second-largest consumer of oil in the world. Brent crude futures were up 31 cents, equivalent to 0.5%, to $63.59 a barrel, while U.S. crude futures increased 28 cents, or …

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  • 13 April 2021 1:35 pm

    Gold Settled as Market Awaits The US Inflation Data

    Gold prices stabilized on Tuesday, April 13th, as participants in market operations continued to refrain from trading ahead of the release of inflation data in the United States, which is expected to shed more light on the recovery in the world’s largest economies. Gold was little changed in spot transactions …

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