The World Bank is reportedly calling for $25 billion in additional financing to combat the impact of the COVID-19 pandemic on the world’s poorest countries, Reuters reported. President of the World Bank, David Malpass, expressed this to finance ministers and central bank governors of the G20 group on Wednesday. According …
Read More »Bitcoin Prices Drop Amid Middle East Tensions and Risk-Off Sentiment
Bitcoin prices tumbled on Friday, as escalating tensions in the Middle East, following Israel’s larg…
European Stocks Drop as Israel Strikes Iran, Crude Prices Surge
European stocks took a sharp downturn on Thursday, while crude oil prices surged, following Israel’s…
Asian Equity Markets Fall as Israel-Iran Tensions Rise and Trade Concerns Persist
Asian equity markets saw sharp declines on Friday as escalating tensions in the Middle East, followi…
Oil Prices Surge as Israel Strikes Iran
Oil prices surged in Asian trading on Friday after Israel launched a major pre-emptive strike on Ira…
Euro Soars to Near Three-Year High as PPI Data and Trump’s Tariffs Sink US Dollar
The Euro surged against the US Dollar for the second consecutive day, nearing a three-year high, as …
Why Do U.S. Bond Yields Keep Declining?
U.S. bond yields experienced a significant setback on Thursday following the release of producer pri…
Silver Surges Above $36 as US Dollar Hits Three-Year Low
Silver (XAG/USD) has staged a strong recovery, climbing past $36.00 after hitting a five-day low of …
US Stocks Defy Geopolitical Tensions as Producer Prices Ease
US stock markets climbed on Thursday, shrugging off geopolitical uncertainties as softer-than-expect…
Gold Prices Aim At $3,400: Middle East Tensions and US Economic Signals Drive Rally
Gold prices surged to $3,386 on June 12, 2025, approaching the $3,400 mark as softer US economic dat…
Dollar Falls as Soft PPI Data Stokes Rate Cut Hopes
The U.S. Dollar tumbled on June 12, 2025, dropping to 98.00 on the U.S. Dollar Index after May’s U.S…
Market Analysis
October, 2020
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14 October 2020 8:28 pm
Banking Earnings And PPI Lift Sentiment
Bank of America (BoA) and Goldman Sachs (GS) both announce third-quarter earnings that beat estimates. Bank of America announced net income of $ 4.9 billion, or 0.51 per share (EPS), with consensus estimates at 0.49 Cents. In the same quarter last year, revenues were at $ 5.8 billion and $ …
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14 October 2020 6:45 pm
UK and EU Reach Progress in Trade Talks
Trade talks between the United Kingdom (UK) and the European Union (EU) are reportedly showing progress, according to the British Prime Minister’s spokesperson, Reuters reported. “Some progress has been made this week, primarily in technical areas of the negotiations, but there are still differences, with fisheries being the starkest.”
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14 October 2020 6:13 pm
WTI Advances to Fresh Tops Beyond $41.00
WTI crude prices rose to a 3-day high, surpassing $ 41.00 on Wednesday. Crude oil is adding to Tuesday’s gains, rising above $ 41.00 a barrel after upbeat comments from the International Energy Agency. Indeed, the agency expected a significant drop in global stocks in the last quarter of this …
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14 October 2020 6:12 pm
NYSE Opens Higher on Tech Gains
The New York Stock Exchange (NYSE) opened higher on Wednesday, supported by the gains of tech companies, and despite mixed financial results by large banks. The Dow Jones Industrial Average added 51.49 points, or 0.18%, to 28,731.30 points. The S&P 500 gained 3.54 points, or 0.10%, to reach 3,515.47 points. …
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14 October 2020 5:34 pm
Fed’s Clarida: Economic Data Since May Are Surprisingly Strong
Fed Vice Chairman Richard Clarida said on Wednesday that the US economy needs another year or maybe more to return to the levels of activity it was at before the outbreak of the pandemic. Clarida noted that policy moves by the Federal Reserve and Congress have helped spur activity such …
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14 October 2020 5:17 pm
US: Annual Core PPI Rises to 1.2% in September
The Producer Price Index (PPI) in the US for final demand ticked higher to 0.4% on a monthly basis in September from 0.3% in August, the data published by the US Bureau of Labor Statistics showed on Wednesday. On a yearly basis, the PPI rose to 0.4% from -0.2% and …
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14 October 2020 4:39 pm
Bank of America Profit Falls on Higher Provisions
Bank of America announced on Wednesday a 15.8% drop in quarterly profits, as it was hit by higher provisions for credit losses and declining performance in three of the four major sectors. The second-largest bank in the United States by assets set aside $ 1.4 billion in reserves to cover …
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14 October 2020 4:03 pm
UK PM Johnson: Let’s Try to Avoid Misery of Another National Lockdown
British Prime Minister Boris Johnson said on Wednesday that the advice he has today suggests that the regional approach to lockdowns can bring down the R-rate, as reported by Reuters. “The whole point is to seize this moment now to avoid the misery of another national lockdown,” Johnson added but …
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14 October 2020 3:22 pm
Russian Energy Minister: OPEC + is Committed to Plans to Reduce Production Cuts
Oil prices fell on Wednesday after US President Donald Trump dampened hopes for a fourth stimulus package to support the economy affected by the Coronavirus pandemic, in addition to an more than expected increase in US crude stocks. US West Texas Intermediate crude futures were down 42 cents, or 1 …
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14 October 2020 2:33 pm
Dollar Gains Halted And Risks Drive Speculators Away
The dollar held on to its gains against most currencies on Wednesday, with renewed doubts about the Corona virus vaccine and the absence of an agreement on an additional financial stimulus package in the United States, which pushed dealers towards safer assets. There was no significant change in the yuan’s …
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14 October 2020 1:10 pm
Oil Prices Falling on Demand Concerns
Oil prices fell on Wednesday, due to fears that the continued decline in fuel demand in light of the high cases of Coronavirus in Europe and the United States, the largest consumer of crude in the world, may impede economic growth. The monthly report of the Organization of Petroleum Exporting …
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14 October 2020 12:52 am
Wall Street Closes in Red
The New York Stock Exchange (NYSE) closed lower on Tuesday, amid worries for the second wave of the Coronavirus (COVID-19) pandemic and the effectiveness of its new remedies. The Dow Jones Industrial Average lost 157.7 points, or 0.55%, to close at 28,679.81 points. S&P 500 lost 22.3 points, or 0.63%, …
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