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Market Analysis

May, 2021

  • 25 May 2021 11:00 pm

    U.S. House Prices Rise in Q1 – FHFA

    House prices in the United States rose by 12.6% in the first quarter (Q1) of 2021, compared with the Q1 of 2020, data showed on Tuesday. The Federal Housing Finance Agency (FHFA) House Price Index (HPI) rose by 3.5% compared to Q4 of 2020. Meanwhile, FHFA’s seasonally adjusted monthly index …

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  • 25 May 2021 10:34 pm

    U.S. Consumer Confidence Declines Marginally in May

    The U.S. consumer confidence held steady in May, after rising in April, data by the Conference Board showed on Tuesday. The Consumer Confidence Index reached 117.2, compared with 117.5 in April. Meanwhile, the Present Situation Index rose from 131.9 to 144.3. As for the Expectations Index, it registered a decline …

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  • 25 May 2021 10:34 pm

    European Stocks Settle with Marginal Gains

    European stocks showed a mixed performance on Tuesday, with markets yet to fully recover from reflation fears. The STOXX Europe 600 index closed marginally higher by about 0.03%, near its record high, as the technology sector surged by 1.3%, while the mining sector plunged by about 1.8%. The French CAC40 …

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  • 25 May 2021 9:16 pm

    Richmond Fed’s Fifth District Manufacturing Index Rises

    The Federal Reserve Bank of Richmond’s manufacturing index rose in May, according to the most recent survey results released on Tuesday. The fifth district manufacturing activity composite index rose to 18 from 17 in April. The component indexes, namely: shipments, new orders, and employment, reflected growth. “A majority of firms …

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  • 25 May 2021 6:56 pm

    U.S. New Home Sales Fall in April

    New home sales in the United States declined during April, dropping by 5.9% to a seasonally adjusted annual rate of 863,000 units, official data showed on Tuesday. Meanwhile, the reading of March was revised downwards to 917,000 units from the initially estimated 1.021 million units, according to the U.S. Department …

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  • 25 May 2021 6:02 pm

    US: Philly Fed Nonmanufacturing Index Improves to 36.9 in May

    The headline Regional Business Activity Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey improved to 36.9 in May from 36.3 in April.

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  • 25 May 2021 5:42 pm

    UK Retail Sales Are Falling Again After April Spree

    British retailers said sales were back to normal levels earlier this month after a surge in demand in April, as the easing of lockdown restrictions allowed unnecessary stores to reopen for the first time sinceMonths. The Confederation of British Industry said its monthly index of whether sales are more or …

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  • 25 May 2021 5:00 pm

    The Dollar is Dropping as Fed Officials Calm Inflation Concerns And the Turkish President Removes The Central Bank Governor From His Post

    The dollar floated to the bottom of its range recently today, Tuesday, following weaker than expected US data and the Fed officials’ insistence again that policy will not change to subside investor fears that inflation will lead the central bank to raise interest rates. The sterling rose to return to …

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  • 25 May 2021 4:31 pm

    Moderna: The Effectiveness of The Corona Vaccine in Children Between 12 and 17 Years Has Reached 100%

    Moderna said its vaccine for Covid-19 was 100% effective in a study of adolescents aged 12-17 years as the second vaccine after Pfizer to prove highly effective in younger age groups. The company is seeking FDA approval by next June.

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  • 25 May 2021 2:13 pm

    The German DAX index Reaches Its Highest Levels in History, Supported by IFO

    The German DAX index records its highest levels in history, supported by the IFO index, which recorded its highest reading in two years, and supported by news that the largest residential real estate group in Europe, Vonovia and , has agreed to acquire its rival Deutsche Wohnen for about 18 …

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  • 25 May 2021 1:25 pm

    German Business Sentiment Improved More Than Expected in May

    Germany

    Today’s survey showed that business confidence in Germany improved more than expected in May, with growing business optimism in light of the decline in coronavirus cases and cautious steps towards resuming activities of Europe’s largest economy. The IFO Institute said its business climate index rose to 99.2 from a revised …

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  • 25 May 2021 12:57 pm

    Germany Leads Europe’s Shares Jump to a Record High After a Mega Acquisition

    European stocks hit unprecedented levels on Tuesday, as investors were optimistic on the back of a $1 billion takeover that brought together two of Germany’s biggest real estate developers and comments that calmed inflation concerns. The pan-European STOXX 600 index rose 0.3% to 446.44 points, its highest level ever. The …

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  • 25 May 2021 12:35 pm

    The German Economy Contracted More Than Expected in Q1

    Data on Tuesday showed that the German economy contracted by more than expected 1.8% on a quarterly basis in the first three months of the year, as restrictions linked to the Coronavirus squandered private consumption in Europe’s largest economy. The Federal Statistics Office said gross domestic product shrank 3.1% year-on-year. …

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