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Market Analysis

October, 2020

  • 1 October 2020 2:38 pm

    French Manufacturing Sector Returns to Growth in September

    France’s manufacturing sector has returned to expansion despite the continuing effects of Coronavirus on the economy and has entered the expansion area on PMI. Data published by IHS Markit said its final purchasing managers’ index rose to 51.2 in September from 49.8 in August. slightly up from a preliminary reading …

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  • 1 October 2020 1:53 pm

    UK Manufacturing PMI Revised Down to 54.1 in September

    The UK manufacturing sector activity expanded less-than-expected in September, the final report from IHS Markit confirmed this Thursday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised lower to 54.1 in August from 54.1 preliminary estimates. Rob Dobson, Director at IHS Markit, which compiles thesurvey:“September saw …

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  • 1 October 2020 1:17 pm

    Oil Stable on US Stimulus Hopes But Demand Concerns Persist

    Oil received some support from renewed hopes about a US fiscal stimulus, but concerns about an increase in Corona Cases weighing on demand. West Texas Intermediate (WTI) crude oil futures slipped 1 cents to $ 40.21 a barrel after jumping 2.4% on Wednesday. Brent crude futures also rose to 42.32. …

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  • 1 October 2020 1:05 pm

    Gold Rises on Dollar’s Decline And Hopes for a US Stimulus

    Gold rose Thursday, October 1st after being boosted by the dollar’s decline and signs of progress in talks on new US stimulus measures. Gold Spot gained 0.4% to $1892.23/ounce, to start the month on the upside, after posting the largest monthly decline since September 2016. US gold futures rose 0.2% …

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  • 1 October 2020 12:32 pm

    RBA Commodity Index Rises in September

    The Reserve Bank of Australia (RBA) Commodity Price Index increased by 1.5% on a monthly basis, after rising by a revised reading of 0.2% in August, according to preliminary estimates released by the Australian central bank on Thursday. The non-rural, rural, and base metals sub-indices all increased in the month. …

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  • 1 October 2020 11:54 am

    Swiss Retail Sales Rise in August

    Retail sales in Switzerland increased on an annual basis by 1.6% during August, data showed on Thursday. Seasonally adjusted sales declined by 2.1% compared with the previous month, according to the provisional data by the Swiss Federal Statistical Office (FSO). Real turnover adjusted for sales days and holidays rose in …

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  • 1 October 2020 11:49 am

    Swiss CPI Stable in September

    The consumer price index (CPI) in Switzerland remained stable during September 2020 compared with its level in August. The index recorded a reading of 101.2 points. Meanwhile, the inflation rate declined by 0.8% on an annual basis.

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  • 1 October 2020 1:56 am

    NYSE Logs First Monthly Decline since March

    The New York Stock Exchange (NYSE) closed higher on Wednesday, as Wall Street investors seem to ignore the first Presidential debate, which took place last night. In addition, talks between the Treasury Secretary Steven Mnuchin and the Speaker of the House, Nancy Pelosi, renewed hopes for a new stimulus package …

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  • 1 October 2020 1:39 am

    Oil Prices Rise but Record Monthly Losses

    Oil prices ended Wednesday higher after data showed an unexpected decline in crude inventories in the United States. Brent crude futures for December delivery rose by 74 cents, or 1.8%, to finish at $42.30 per barrel. The global benchmark crude oil posted a 9.6% monthly decline, which is the first …

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  • 1 October 2020 1:26 am

    Gold Loses 4.2% in September

    Gold prices declined on Wednesday, expanding its monthly losses during September. The yellow metal futures for December delivery decreased by $7.70, or 0.4%, and finished at $1,895.50 per ounce. Gold’s monthly losses during the ending month amounted to 4.2%. However, gold registered a 5.2% increase during the third quarter (Q3) …

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September, 2020

  • 30 September 2020 11:14 pm

    German Oil Imports Decline 2% in Seven Months

    Germany’s crude oil imports declined by 1.9% on an annual basis during the first seven months of 2020, data showed on Wednesday, as reported by Reuters. German oil imports amounted to 48.8 million tons between the beginning of January and the end of July 2020, down from 49.7 million tons …

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  • 30 September 2020 10:58 pm

    GBP/USD Rises as Investors Adjust Positions

    The British Pound (GBP) rose on Wednesday against the US Dollar (USD) and mostly across the board, as investors adjust their position at the end of September and the third quarter (Q3) of the year. The GBP/USD pair is up by 0.31%, trading at 1.2903, after rising earlier today by …

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  • 30 September 2020 10:24 pm

    European Stocks Stabilize at Wednesday’s Close

    European stocks closed marginally higher on Wednesday, supported by the rise of Wall Street following the first Presidential Debate on Tuesday night. The pan-European STOXX 600 index added 0.16 points or 0.044% to close nearly unchanged at 361.65 points. The UK’s FTSE100 closed lower by 0.53%, while the French CAC40 …

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