The world’s efforts for discovering a cure are going at full capacity, with Gilead’s remdeisivr being a potential cure. In the US, the number of cases reached 40,000 again, and epidemiologist Anthony Fauci warned that the US could see 100,000 cases per day. While testifying on Capitol Hill, he told …
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
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1 July 2020 2:39 pm
IFO Sees Europe’s Largest Economy Contracting by 6.7% in 2020
“Germany’s economy will gradually recover after a historic slump due to the coronavirus pandemic and will likely return to last year’s level at the end of 2021,” economic institute IFO said on Wednesday, according to Reuters. IFO sees GDP contracting by 11.9% in Q2 on a quarterly basis and to …
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1 July 2020 2:13 pm
Eurozone PMI Manufacturing Finalized at 47.4
Eurozone PMI Manufacturing was finalized at 47.4 in June, up from 39.4 in May a report by IHS Markit said. The index was in contraction below 50 for 17 consecutive months. and had fallen to 33.4 in April. The report stated: “Eurozone manufacturing sector continues to contract sharply,” “There was …
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1 July 2020 1:54 pm
UK Manufacturing Activity Picked Up in June
After the Great collapse due to COVID 19 pandemic, the UK manufacturing sector returned to recovery after it began to stabilize last June. IHS Markit’s Purchasing Managers Index (PMI) posted 50.1 compared to 40.7 in May, in line with economists’ expectations. PMIs are given on a scale of 0 to …
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1 July 2020 1:13 pm
Dubai’s Economy Shrank by 3.5% in Q1 Amid Coronavirus Pandemic
The government media office in UAE said in a statement issued on Tuesday that Dubai’s real GDP decreased by 3.5% in Q1 year-on-year as the country was hit by the Covid-19 pandemic, according to Reuters. The government said some sectors such as real estate and finance have maintained their strength …
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