Pfizer Inc said on Wednesday that the final efficacy analysis of phase 3 trial of the coronavirus vaccine it develops with BioNTech has shown to be 95% effective, as reported by Reuters. “Efficacy of COVID-19 vaccine was consistent across age, race and ethnicity demographics.”“Planning to file for US emergency use …
Read More »BoC Poised to Hold Rates Steady Amid Trade Tensions
As the Bank of Canada prepares to announce its interest rate decision on Wednesday, July 30, 2025, e…
Crude Oil Surges as Trump Issues Ultimatum to Russia
Crude oil prices soared on Tuesday, driven by heightened geopolitical tensions as the U.S. issued a …
Pound Slips Amid Risk-Off Sentiment and US-EU Trade Deal Concerns
The British pound faced modest losses on Tuesday, caught in the crosshairs of a resurgent US dollar …
Trade Talks Intensify as August 12 Tariff Deadline Looms
Global trade negotiations are heating up as the United States and China race against a looming Augus…
US Session Key Drivers: Markets Brace for Fed Decision as Dollar Surges
The US dollar charged to new multi-week peaks on Tuesday, fueled by growing uncertainties in global …
FOMC Faces Firestorm: Unprecedented Split, Trump Pressure Looming Over Rate Decision
As the Federal Reserve prepares for its July meeting on Tuesday, July 29, 2025, a volatile mix of po…
Boeing’s Q2 Performance Shows Improvement Amidst Ongoing Challenges
Boeing, the prominent aircraft manufacturer, reported a narrowed second-quarter loss and increased r…
Bitcoin Remains Rangebound Amid Trade Talks and Fed Decision
Bitcoin stayed steady near $119,000 on Tuesday as investors awaited further clarity on U.S. trade ne…
Visa and Mastercard to Report Strong Quarterly Profits Amid Consumer Resilience and Trade Uncertainty
Visa (NYSE:V) and Mastercard (NYSE:MA), the world’s largest payment processors, are expected to repo…
European Equities Edge Higher Amid Trade Deal Optimism and Corporate Results
European equities saw a modest uptick on Tuesday, lifted by corporate earnings reports, notably in E…
Market Analysis
November, 2020
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18 November 2020 4:22 pm
Pfizer and BioNTech: Vaccine 95% Effective in Final Efficacy Analysis of Phase 3 Trial
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18 November 2020 3:12 pm
Bitcoin Breaking $18,000 Mark And Nearing All-Time Highs
Bitcoin broke the $ 18,000 barrier today, Wednesday, reaching its highest level since December 2017, continuing its great rise in 2020, supported by demand for its nature, which is a hedge against inflation and expectations for a general trend to accept. The main and largest cryptocurrency jumped to $ 18,483, …
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18 November 2020 2:13 pm
Gold is Moving in a Limited Range Amid Vaccine Hopes And an Increase in Corona Cases
Gold rose on Wednesday, November 18th, moving within a narrow range, as investors assess the possibilities associated with the Covid-19 vaccine in the face of concerns about increasing cases of infection and the possibility of more economic support from the US Federal Reserve. Spot gold rose 0.1% to $ 1880.81 …
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18 November 2020 1:05 pm
Japan Shares Closed Lower as COVID-19 Cases Rose in Tokyo
Japanese stocks closed lower on Wednesday, November 18th, as the Nikkei index retreated from its highest close in more than 29 years, which it reached in the previous session, as the high incidence of Covid-19 in Tokyo caused the rally in the recent rally to subside, supporting optimism about The …
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18 November 2020 12:06 pm
UK Annualized CPI Beats Estimates With 0.7% in Sept
he UK Consumer Prices Index (CPI) 12-month rate came in at +0.7% in October when compared to +0.5% booked in September while beating expectations of a +0.6% print, the UK Office for National Statistics (ONS) reported on Wednesday. Meanwhile, the core inflation gauge (excluding volatile food and energy items) arrived …
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18 November 2020 5:51 am
What Does the New Budget Mean for Italy?
The Italian government approved on Monday its budget for next year, with a reduced level of targeted deficit, Reuters reported. The 2021 budget has set a target of a 7% fiscal deficit compared to the Italian gross domestic product (GDP), down from 10.8% in 2020. However, it is expected that …
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18 November 2020 5:34 am
API: US Oil Inventories Up 4.2 M Barrels
Crude oil inventories in the United States increased by 4.2 million barrels last week, according to data by the American Petroleum Institute (API) on Tuesday. Meanwhile, gasoline stockpiles rose by 256,000 barrels, while distillate inventories declined by 5 million barrels.
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18 November 2020 4:44 am
Oil Prices End on Mixed Note
Oil prices showed a mixed performance on Tuesday, as the market awaits a firm commitment from the OPEC+ alliance towards the output cuts. Brent crude futures for January delivery fell by 7 cents, or 0.2%, to finish at $43.75 per barrel. Meanwhile, the West Texas Intermediate (WTI) futures for December …
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18 November 2020 4:11 am
Gold Posts First Decline in Four Days
Gold prices closed lower on Tuesday, posting its first decline in four sessions, amid news about positive results by COVID-19 vaccines. Gold futures for December delivery declined by $2.70, or 0.1%, and settled at $1,885.10 per ounce. Meanwhile, silver futures for December delivery decreased by 15 cents, or 0.6%, and …
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18 November 2020 12:11 am
Fed’s Bostic Warns of Short-Term Risks to Recovery
President of the Federal Reserve Bank of Atlanta, Raphael Bostic, said on Tuesday that weak October retail sales are showing short-term risk to economic recovery in the United States from the impact of the Coronavirus pandemic, Reuters reported. “We have short-term and immediate-term concerns with the spike in the virus …
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17 November 2020 10:43 pm
Lagarde: Vaccine Will Not Change Our Projections
The President of the European Central Bank (ECB), Christine Lagarde, said on Tuesday that an effective Coronavirus vaccine will not change the bank’s economic projections. “I’m not sure that is going to be a major game-changer for our forecasts, simply because what we had anticipated in our baseline was that …
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17 November 2020 10:38 pm
Housing Starts in Canada Rise in October
Housing starts in Canada increased in October by 3% on a monthly basis, data showed on Tuesday. The seasonally adjusted annual rate of housing starts went up to 214,875 units from a revised reading of 208,715 units in September, according to the Canadian Mortgage and Housing Corporation (CMHC).
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17 November 2020 9:45 pm
Canadian Wholesale Sales Rise in September
Wholesale sales in Canada increased by 0.9% to $66.2 billion in September, data by Statistics Canada showed on Tuesday. Sales of food, beverage, and tobacco grew by 3.6% to $12.4 billion, with the food industry sales increasing by 4.2%. This is the best reading for the food, beverage, and tobacco …
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