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There were 885,000 initial claims for unemployment benefits in the US during the week ending December 12th, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed last week’s print of 862,000 and missed the market expectation of 800,000 by a wide margin.
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13 September, 2025 2:17 am
Fed’s Rate Cut Countdown: Treasury Yields Hint at Cautious Easing Ahead
Treasury yields have shown mixed performance, reflecting market uncertainty. The 10-year Treasury yi…
13 September, 2025 12:01 am
Oil Prices Swing Between Geopolitical Tensions and U.S. Demand Concerns
Global oil prices edged higher on Friday, buoyed by renewed supply risks from Russia, but gains were…
12 September, 2025 11:00 pm
AI Hype vs. Reality: Why Adobe’s Stock Fell Despite Beating Earnings
Adobe’s stock is taking a hit despite the company reporting better-than-expected quarterly res…
12 September, 2025 9:42 pm
Why Did the Dow Retreat from Record Highs?
The Dow Jones Industrial Average (DJIA) retreated from its record-setting run, slipping below 46,000…
12 September, 2025 8:41 pm
Euro Fights Back as US Consumer Confidence Retreats
The Euro is attempting to stabilize against the US Dollar, hovering around 1.1720 after a sharp dip.…
12 September, 2025 7:24 pm
Could a Faltering UK Job Market Sink GBP?
The British Pound has been trading cautiously, held back by persistent concerns over the health of t…
12 September, 2025 4:35 pm
Dollar Steadies Ahead of Fed Rate Decision After Mixed U.S. Data
The U.S. dollar edged slightly higher on Friday, pausing its recent slide as investors digested a co…
12 September, 2025 2:20 pm
U.S. Stock Futures Edge Lower as Fed Rate Cut Bets Remain Firm Ahead of Michigan Survey
Futures Pull Back After Record Highs U.S. stock futures slipped slightly on Friday, consolidating af…
12 September, 2025 1:03 pm
U.K. Economy Stalls in July, Keeping Pressure on the Bank of England
The U.K. economy flatlined in July, marking a sharp slowdown from the previous month’s expansion and…
12 September, 2025 11:52 am
European Stocks Edge Higher as Investors Weigh Growth, Inflation, and Oil Weakness
European equity markets posted modest gains on Friday, consolidating after a generally upbeat week, …
Market Analysis
December, 2020
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17 December 2020 5:09 pm
BioNTech: About 140,000 Britons Have Received The Covid-19 Vaccine so Far
Ozlem Tureci, the chief physician at BioNTech, said that about 140,000 people in Britain had received the vaccine, which the company manufactured in cooperation with the American Pfizer, to prevent Covid-19 disease, adding that the evaluation of side effects and tolerance is reassuring. Britain was the first country to agree …
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17 December 2020 4:17 pm
BoE Leaves Policy Rate And QE Unchanged in December as Expected
The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% at its December policy meeting and kept the Asset Purchase Facility steady at £895 billion.
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17 December 2020 4:09 pm
Dollar Falls as Demand for safe-haven Weakened And Pound, Franc Drops After Touching Highest Level
The dollar hit its lowest level in two and a half years against major rival currencies on Thursday (December 17th), as risk appetite was boosted by progress towards agreement on a stimulus package in the United States and an accord linked to Britain’s exit from the European Union. On Wednesday, …
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17 December 2020 3:12 pm
Investor Interest Raises in Bitcoin Above $23,000
Bitcoin rose to a record high one day after it crossed the $20,000 mark for the first time, amid growing interest in it from major investors. The world’s most prominent cryptocurrency jumped 10.5% to 23,655 dollars, to exceed its gains this year 220%, supported by a request from large investors …
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17 December 2020 2:30 pm
European Stocks Rise For a Fourth Session on Optimism
European shares remained at their highest level in ten months Thursday, December 17th, as hopes for more stimulus in the United States and possible distribution of COVID-19 vaccines in Europe boosted expectations for a global economic recovery. The German DAX index rose 1.1% to reach its highest level since February, …
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17 December 2020 1:52 pm
Gold Rising as US Dollar Was Negatively Affected by The Progress of The US Stimulus
Gold prices reached a week high on Thursday, December 14th, as progress in reaching an agreement on fiscal stimulus in the United States pressed the dollar, while the yellow metal received more support thanks to the US Federal Reserve’s pledge to keep interest rates low until the economy recovers. In …
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17 December 2020 1:13 pm
SNB Leaves Key Rate Unchanged at -0.75%
The Swiss National Bank (SNB) board members announced a no change to their monetary policy settings after it concluded the December quarter monetary policy assessment on Thursday. The SNB kept the key sight deposit rate steady at -0.75% while maintaining the 3-Month Libor Target Range steady between -1.25% to -0.25%, …
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17 December 2020 12:38 pm
Japan Stocks Closing Higher on Hopes of US Stimulus
Japanese stocks closed higher for a second session Thursday (December 17th) as sentiment received a boost from expectations of further economic stimulus in the US and pledges of support from the US Federal Reserve. The benchmark Nikkei index rose 0.18% to 26,806.67 points, offsetting losses incurred in morning trade. The …
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17 December 2020 12:47 am
Fed Pledges Asset Purchases to Achieve Recovery
The United States Federal Reserve vowed in its last policy statement of 2020 to support the economy until it recovers from the Coronavirus crisis. The Fed is set to continue to buy at least $120 billion of bonds each month until substantial further progress has been made toward the Committee’s …
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17 December 2020 12:30 am
Oil Closes Higher and Maintains Upward Trend
Oil prices closed higher on Wednesday, amid hopes for a new stimulus package in the United States, and after a decline in US crude inventories last week. Crude prices maintained their best levels since early March, as the global benchmark, Brent crude futures for February delivery gained 32 cents, or …
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16 December 2020 11:37 pm
Gold Settles Higher Amid Stimulus Hopes
Gold prices rose on Wednesday, amid anticipation for a new stimulus package in the United States. The yellow metal futures for February delivery rose by $3.80, or 0.2%, to close at $1,859.10 per ounce. This is the highest closing level for gold futures since December 8.
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16 December 2020 11:04 pm
Fed Maintains Interest Rates Unchanged
The United States Federal Reserve has decided as expected to maintain interest rates near 0% during its two-day meeting that concluded on Wednesday. The Fed policy statement noted that policymakers are committed to maintaining asset purchases at at least $120 billion per month.
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