Data from the Turkish Statistical Institute showed today, Friday, that Turkey’s economic sentiment index fell 3.5% on a monthly basis in November to 89.5 points, as an increase in the frequency of new cases of coronavirus pushed Ankara to impose partial restrictions. The index had risen for six consecutive months …
Read More »Weekly Recap: Earnings, Trade Wins and Fed Talks Shape the Week
Donald Trump has announced that a trade deal has been struck between the US and the EU following a p…
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…
Oil Under Pressure: Brent and WTI Drop as Supply Surges and Demand Outlook Clouds
Global oil markets are facing renewed pressure, with both West Texas Intermediate (WTI) and Brent cr…
US Treasury Yields Climb As Countdown For Fed’s Policy Meeting Begins
As financial markets gear up for the central bank’s pivotal meeting next week, the US 10-Year …
Euro Stands Strong Amidst Global Trade Disputes
The Euro has demonstrated remarkable resilience in recent months, emerging as a top performer among …
Major Trade Breakthrough: EU and US Nearing Framework Agreement This Weekend
Optimism is building for a significant advancement in transatlantic trade relations, as officials fr…
U.S. Stock Futures Edge Higher as Investors Digest Earnings and Trade Deal Optimism
U.S. stock index futures were on the rise Friday, capping off a generally positive week as investors…
Market Analysis
November, 2020
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27 November 2020 4:55 pm
Dollar Declining And Heading For Weekly losses. AUD and NZD Climbing
The dollar fell in early trading in London on Friday and is heading to suffer a weekly loss against a basket of currencies, even though the stock market lost momentum as sentiment hurt from doubts about the AstraZeneca vaccine for Covid-19. The dollar has lost more than 2.2% since the …
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27 November 2020 3:43 pm
European Stocks Heading For a Fourth Weekly Gain, But Vaccine Concerns Are High
European stocks rallied on Friday, as investors were cautious before the torrent of economic data expected to be released later today, while sentiment was also affected by doubts about the effectiveness of the AstraZeneca vaccine for Covid-19. The pan-European STOXX 600 index fell 0.1%, as the travel and energy sectors …
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27 November 2020 3:00 pm
Germany Planning New Debt of Around 180 Billion Euros in 2021
Germany intends to borrow 179.82 billion euros (214.36 billion dollars) next year, nearly double the 96 billion euros expected before that, lawmakers told Reuters on Friday, as Berlin is expanding aid measures to mitigate the impact of the Covid-19 pandemic on Europe’s largest economy. The German parliament’s budget committee of …
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27 November 2020 2:31 pm
Gold Heading For a Weekly Decline as Investors Focus on Vaccine Headlines
Gold fell on Friday and is heading to record its third consecutive weekly loss, as investors balance doubts about a Covid-19 vaccine that tops the nominations and optimism that the vaccines will arrive sooner than expected. Gold fell in immediate trading 0.1% to $ 1809.40 an ounce, with a weekly …
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27 November 2020 1:40 pm
The Number of Coronavirus Cases in Germany Exceeds One Million
Data from the Robert Koch Institute for Infectious Diseases showed today, Friday, that 22,806 new confirmed cases of Coronavirus were recorded in Germany, bringing the total to one million and 6,394 cases. The data revealed that 426 new deaths were recorded, bringing the total number to 15,586.
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27 November 2020 12:58 pm
Oil is Retreating as Rally Recedes But Heading For Weekly Gains
Oil prices fell today, Friday, in quiet trading due to the Thanksgiving holiday in the United States, as they fell amid fears of an increase in supply and doubts about the possibility of eliminating a vaccine against the Coronavirus pandemic. With the Japanese markets closed, Brent crude fell to $ …
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27 November 2020 12:30 pm
Japan’s Nikkei Rose For a Fourth Day And Closed at a 29-Year High
The Japanese benchmark Nikkei stock index closed today, Friday, at its highest level since April 1991, as it rose for the fourth consecutive session, supported by hopes for economic recovery and strong business results, after progress in developing the Covid-19 vaccine. The Nikkei rose 0.41% to close at 26,644.71 points. …
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27 November 2020 3:27 am
Germany Planning EUR 180 B Public Debt Next Year
The German government could increase its borrowing to around EUR 180 billion in 2021, as part of efforts to increase stimulus spending against the Coronavirus crisis, Bloomberg reported. The new debt value is yet to be approved by the German parliament, as it is nearly double the initial estimate of …
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27 November 2020 3:18 am
No-Deal Brexit Could Harm British Car Manufacturers
The British automobile industry could struggle in the case of a no-deal Brexit, according to a recent report by Reuters. A no deal Brexit could cut UK vehicle production by two million units over the next five years, as per the the Society of Motor Manufacturers and Traders (SMMT). In …
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27 November 2020 2:17 am
Sunak: UK Ready for Brexit Trade Deal but not at Any Cost
The United Kingdom (UK) is ready to reach a trade agreement with the European Union (EU) but not at any cost, the British finance minister said on Thursday. The transition period, during which the two parties are supposed to reach a trade deal for the post-Brexit era, expires in about …
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26 November 2020 11:47 pm
Consumer Confidence Falls in Germany and France
Consumer confidence in Germany and France declined this month, amid renewed lockdown measures to curb the spread of a new wave of the Coronavirus pandemic. In France, consumer confidence fell in November to its lowest level since December 2018, Reuters reported. The French consumer confidence index declined by four points …
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26 November 2020 10:28 pm
USD Trading Marginally Higher on Thanksgiving
The US Dollar (USD) is showing a relatively positive performance on Thursday, an official holiday in the United States on the occasion of Thanksgiving. The Dollar Index (DXY), which measures the performance of the USD against a basket of six international currencies, has been moving mostly in the positive territory …
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