A survey published Monday, February 1, showed that British manufacturers faced a double whammy last month due to global shipping disruptions due to the outbreak of a new wave of the Coronavirus, accompanied by new trade barriers with the European Union. Separate data from the Bank of England showed a …
Read More »Europe Opens Higher as Asia Rally Lifts Sentiment; Earnings Deluge Ahead
European equities started the week on the front foot, tracking gains in Asia and stabilizing after F…
China Q3 2025 growth beats forecasts but slows to one-year low as disinflation, trade risks bite
China’s economy expanded slightly faster than expected in the third quarter, even as momentum cooled…
Market weekly wrap: Government shutdown could have an end soon
Markets kicked off last week on a cautious note after President Donald Trump announced late Friday a…
Wall Street Bounces Back: Dow Surges as Trade Hopes and Fed Bets Lift Market Mood
After a turbulent week marked by financial sector jitters and political uncertainty, the Dow Jones I…
Gold Retreats from Record High as Trump Softens Stance on China
Gold’s meteoric rise hit a speed bump on Friday, slipping 2% from its all-time high after U.S. Presi…
Washington Stalemate Deepens: U.S. Government Shutdown Hits 17 Days With No End in Sight
The United States government shutdown entered its 17th day on Friday, making it the third-longest in…
Euro Holds Firm as France Restores Political Calm, While UK Faces Fiscal Strain
The euro remained stable on Friday, supported by renewed political calm in France after recent tensi…
Bitcoin’s October Slump Fuels Hope for a Major Comeback
Bitcoin’s price dropped again in October, stirring memories of past downturns that often came just b…
Washington Moves to Ease Capital Rules for Small Banks in Bid to Boost Lending
U.S. regulators are preparing a proposal aimed at giving community banks more room to lend by easing…
Swiss Franc Rises as Global Trade Worries and Rate Cut Bets Pressure the US Dollar
Trade Tensions and Rate Cut Bets Push the Dollar DownThe US Dollar is facing significant downward pr…
Market Analysis
February, 2021
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1 February 2021 4:46 pm
EU: Unemployment Rate Stays Unchanged at 8.3% in December as Expected
The seasonally adjusted Unemployment Rate in the euro area stayed unchanged at 8.3% in December, the data published by the Eurostat showed on Monday. This reading came in line with market expectation. Further details of the publication revealed that the EU Unemployment Rate in the same period was 7.5%.
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1 February 2021 4:00 pm
Turkish Lira Rose 1.5% to August Levels
The Turkish lira rose 1.5% on Monday, to its highest level since August, while a measure of risk retreated to near its lowest level in a year, supported by a tightening monetary tone from the central bank and data indicating a further recovery in manufacturing industries. The currency has outperformed …
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1 February 2021 3:28 pm
Silver Rises to a Peak of 6 Months Due to Retail Boom
Silver rose for the third session in a row on Monday, February 1, rising as much as 7.4% near a six-month peak after posts on social media last week called for retail investors to flood the market. Spot silver reached its highest level since August 11 at $ 29.7 an …
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1 February 2021 3:07 pm
Currencies Overview: Dollar Falls as Demand For Safe Haven Dwindles Due to The Rise in Asian Stocks
The safe-haven dollar weakened on Monday, February 1 st as risk sentiment improved thanks to hopes that retail investors who targeted hedge funds last week turned their sights elsewhere. The US currency fell against most of its counterparts, as Asian stocks rose after four-day losses. The Australian dollar offered the …
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1 February 2021 2:05 pm
European Stocks Rise and Mining Companies Leading Early Gains
European stocks rose on Monday, recovering from their worst weekly decline since October, backed by a rally in mining stocks after an ongoing flurry of retail interest shifted to silver. The European Stoxx600 index rose 0.8%, while mining stocks including Fresnelo, Polymetal International and Polydin led the early gains in …
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1 February 2021 1:45 pm
Chevron Turns Into a Loss in The Last Quarter Due to Weak Refining Activities
The US oil giant Chevron turned to incur losses in the fourth quarter of $ 11 million, as lower fuel margins, the costs of acquisitions and the effects of foreign currency overshadowed the improvement in the results of exploration activities. It is expected that oil companies will benefit from the …
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1 February 2021 1:04 pm
Oil Gains Despite Distribution of Vaccine And New Strains of Coronavirus Faltering
Oil prices rose Monday, February 1, after a weak start, to consolidate the gains it made over the past three months, despite the faltering operations of the distribution of anti-Coronavirus vaccines, new infections and the discovery of new strains casting shadows on demand expectations. Brent crude futures rose 36 cents, …
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1 February 2021 12:45 pm
Japan shares Closed Higher on Positive Earnings Outlook
Japanese shares closed higher on Monday, February 1, after falling for two sessions, as sentiment was boosted by positive earnings outlooks and gains made by shares of chipmakers that had previously been hit. The benchmark Nikkei index rose 1.55% to 2,8091.05 points, and the broader Topix index gained 1.16% to …
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1 February 2021 6:43 am
Weekly Recap: 22-26 January
The last week of January witnessed the first policy meeting for the United States Federal Reserve in 2021, one week following that of the European Central Bank (ECB). The Federal Open Market Committee (FOMC) decided to maintain interest rates and the pace of the asset-purchase program both unchanged following a …
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January, 2021
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30 January 2021 2:31 am
Fed’s Kaplan Expects Debates about Easy Policies
The President of the Federal Reserve Bank of Dallas, Robert Kaplan, said on Friday that he expects enthusiastic debates inside the United States Federal Reserve about the time when they will begin reducing the current pace of monetary easing policies. Kaplan did not offer his assumption on when could that …
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29 January 2021 11:59 pm
Oil Extends Weekly and Monthly Gains
Oil prices rose on, extending their monthly gains in the first month of the year, on the back of hopes for a recovery in the global demand for crude and amid some global supply disruptions. Brent crude futures for March delivery gained 35 cents, or 0.6%, to close at $55.88 …
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29 January 2021 11:45 pm
Gold Futures Logs First Gains in Seven Sessions
Gold prices rose on Friday, limiting their monthly losses during January, amid a fluctuating performance by the U.S. Dollar (USD) and concerns about the rollout of Coronavirus vaccines. This marked the first gains for the yellow metal most active contracts in seven sessions, after six consecutive declines. Gold futures for …
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