The President of the Federal Reserve Bank of San Francisco, Mary Daly, said on Tuesday that the United States Federal Reserve needs to maintain its monetary easing policy during the economic recovery from the Coronavirus crisis to achieve its targets, Reuters reported. “Hitting or exceeding 2% inflation for a few …
Read More »U.S. Stock Futures Rise Amid Trade Deal Optimism and Key Week Ahead for Earnings, Economic Data, and Central Bank Decisions
U.S. equity futures were higher on Monday, buoyed by a U.S.–EU trade deal, as investors braced for a…
European Shares Reach Four-Month High on Trade Deal Optimism
European stocks rose on Monday, marking a four-month high, as a U.S.–EU trade deal brought relief to…
Gold Prices Hold Steady Amid Trade Deal Optimism and Fed Rate Decision
Gold prices stabilized in Asian trade on Monday, following three consecutive days of declines, as op…
Bitcoin Rebounds Above $119,000 Amid U.S.-EU Trade Deal Optimism
Bitcoin prices edged higher on Monday, rebounding from two-week lows, buoyed by positive sentiment s…
Oil Prices Rise on Trade Deal Optimism and Future Demand Expectations
Oil prices inched higher on Monday after the U.S. and European Union (EU) reached a trade agreement …
Weekly Recap: Earnings, Trade Wins and Fed Talks Shape the Week
US President Donald Trump has announced that a trade deal has been struck between the US and the EU …
Will Cracks Emerge in US-Japan Trade Deal?
Discrepancies Over Investment and Profits:A seemingly triumphant announcement of a preliminary trade…
Gold Miner Shines: Earnings Soar as Precious Metal Prices Climb
Shares of a leading gold mining company surged on Friday, reaching their highest level in three year…
Political Firewalls Weaken: Are Powell’s Stance, Fed’s Independence Still Under Threat?
A significant shift is underway in the political landscape surrounding the Federal Reserve. While Pr…
Dow Jones Rebounds: Unexpected Durables Strength and Tariff Hopes Fuel Market Rally
The Dow Jones Industrial Average (DJIA) demonstrated a notable recovery on Friday, clawing back rece…
Market Analysis
December, 2020
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1 December 2020 10:48 pm
European Stocks Open December in Green
European stocks opened the month of December with a positive performance on Tuesday, as the STOXX Europe 600 index gained 0.65% and finished at 391.90. In the UK, the main index of the London Stock Exchange (LSE), FTSE100, surged by 1.89%. In France, the CAC40 index gained 1.14%. Meanwhile, the …
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1 December 2020 10:19 pm
ISM Manufacturing PMI Declines in November
Economic activity in the manufacturing sector in the United States expanded during November, with the overall economy notching a seventh consecutive month of growth, according to Tuesday’s data by ISM. The November Manufacturing Purchasing Managers’ Index (PMI) registered 57.5 percent, down 1.8% from the October reading of 59.3 percent. This …
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1 December 2020 10:14 pm
Canada’s Manufacturing Activity Expands in November
Manufacturing activity in Canada maintained a good expansion pace last month, data showed on Tuesday. The headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) registered 55.8 in November, up from 55.5 in October. The headline index has now posted above the 50.0 no-change threshold in each month …
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1 December 2020 9:29 pm
US Manufacturing PMI Surges in November
The IHS Markit United States Manufacturing Purchasing Managers’ Index (PMI) showed during November the biggest improvement in operating conditions since September 2014. This comes as the seasonally adjusted IHS Markit final U.S. Manufacturing PMI posted 56.7 last month, up from 53.4 in October. It was also the seventh successive monthly …
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1 December 2020 7:15 pm
British Consumer Confidence Improves on Vaccine Progress
Consumer confidence in the United Kingdom (UK) slightly rose during, data by YouGov showed on Tuesday, Reuters reported. This comes on the back of positive vaccine news. The YouGov index for consumer confidence in Britain increased to 102.3, up from 101.4 in the prior month.
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1 December 2020 7:04 pm
ISM Manufacturing PMI Retreats to 57.5
The ISM’s Manufacturing PMI in November declined to 57.5 in November from 59.3 and fell short of analysts’ estimate of 58.
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1 December 2020 6:54 pm
British Factories Recorded The Fastest Growth in Nearly 3 Years in November
A survey on Tuesday (December 1st) showed that British factories registered the fastest growth in nearly three years last month as they stockpiled raw materials and scrambled to complete work before new customs rules after Britain’s exit from the European Union came into effect on January 1. The IHS Markit …
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1 December 2020 5:47 pm
Canada: Real GDP Expands by 8.9% in Q3
Real Gross Domestic Product (GDP) in Canada grew by 8.9% on a quarterly basis in the third quarter after contraction by 11.3% in the second quarter, the data published by Statistics Canada showed on Tuesday. On a yearly basis, the economy expanded by 40.5% in Q3 and missed the market …
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1 December 2020 4:44 pm
The Turkish Lira Drops 1% After New Measures Regarding Coronavirus
The Turkish lira fell on Tuesday, December 1, by 1% against the dollar, after the government imposed new general isolation measures for the weekend and other measures to combat a record jump in infections and deaths from the Coronavirus. The currency fell to 7.91 by 08:30 GMT. The currency stabilized …
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1 December 2020 3:45 pm
Consumer Prices in The Eurozone Fell More Than Expected in November
A preliminary estimate from the European Union statistics office Eurostat showed that consumer prices in the euro area fell more than an expected year on year in November, weighed by a sharp drop in energy costs. Eurostat said that inflation in the 19 euro-zone countries registered -0.3% on an annual …
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1 December 2020 2:40 pm
The Dollar is Giving Back Some of Its Gains as Focus Shifts to The US Fed Meeting
The US dollar, under pressure on Tuesday, December 1, gave up some of the gains it had made by the end of the month, as investors expect a further monetary easing from the US Federal Reserve and rallying recovery elsewhere. The Australian and New Zealand dollars, which are highly risk-sensitive, …
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1 December 2020 1:48 pm
Industrial Activity in China Accelerated at The Fastest Pace in 10 Years, to 54.9 in November
A survey of businesses in China showed activity in the factory sector accelerated at the fastest pace in a decade in November, as the world’s second-largest economy recovers to pre-epidemic levels. The Caixin / Markit Manufacturing PMI rose to 54.9 from 53.6 in October, with the index staying above the …
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