Chinese industrial profits rose at the fastest pace in two years, as the sector’s monthly profits rose 8.1% in July. The annual profits of Chinese industrial companies grew by 19.6% to exceed $ 85 billion. This data is an additional indication of the recovery of the second-largest economy in the …
Read More »Market Drivers – US Session: Dollar Wobbles as Economic Fears and Fed Caution Grip Markets
The US dollar is showing signs of vulnerability, lingering near the lower end of its recent trading …
Geopolitical Tensions and Economic Optimism Stir Oil Market
Oil prices experienced a modest increase on Monday, fueled by a confluence of geopolitical tensions …
Economic Uncertainty Grips Markets as Fed Faces a Tightrope Walk
A palpable unease has settled over investors, fueled by anxieties surrounding President Trump’…
Dow Roars Back: 600-Point Surge Amid Economic Uncertainty
Equities rebound from recent plunge, but trade tensions and soft retail data cast a long shadow.The …
Dollar Drifts as Geopolitical and Policy Storm Clouds Gather
A week of potentially historic significance opens with the US Dollar easing, as markets brace for a …
Gold Prices Still Soaring Above $ 3,000 Barrier
Gold prices have continued their upward trajectory since the start of trading on Monday, following t…
Consumer Caution: Retail Sales Underwhelm Amid Economic Uncertainty
A note of caution has sounded within the US economy as retail sales for February fell short of expec…
U.S. Stock Futures Decline Amid Trade Tariff Uncertainty
U.S. stock index futures dropped on Monday as investor concerns grew over the potential economic imp…
Oil Prices Rise Amid U.S. Strikes on Houthis and Strong Chinese Data
Oil prices traded higher on Monday as the U.S. vowed continued strikes on Yemen’s Houthis, while Chi…
European Stocks Gain Amid German Debt Deal, U.S.-EU Trade War Looms
European stock markets edged higher on Monday, supported by optimism over a historic German debt dea…
Market Analysis
August, 2020
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27 August 2020 11:04 am
Oil prices stable as Gulf of Mexico Braces For Laura
Oil prices stabilized Thursday (August 27th) as a massive hurricane in the Gulf of Mexico affecting US oil industry, forcing oil drilling rigs and refineries to stop production. Brent crude futures for October delivery, which expire on Friday, rose 13 cents, or 0.3%, to $ 45.77 a barrel, after falling …
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27 August 2020 1:16 am
NYSE Maintains Record-Breaking Rally
The New York Stock Exchange (NYSE) closed higher on Wednesday, supported by the tech stocks gains, positive economic data, and expectations that the US Federal Reserve will maintain its monetary policy for the near future. The Dow Jones Industrial Average added 83.48 points or 0.30% and closed at 28,331.92. The …
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27 August 2020 1:07 am
BoE’s Haldane: COVID Could be Catalyst for Social Change
The Chief Economist and the Executive Director of Monetary Analysis and Statistics at the Bank of England (BoE), Andy Haldane, said on Wednesday that the role of central banks against the COVID-19 pandemic is limited in tackling inequalities, Yahoo Finance UK reported. “Many of the yawning social, economic, and financial …
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27 August 2020 12:43 am
Fed’s Esther George: Recession Depends on Pandemic State
President of the Federal Reserve Bank of Kansas, Esther George, said on Wednesday that the COVID-19 recession in the United States could reoccur if the pandemic intensifies. “An important risk to that outlook is thinking about what happens as we come into the fall, whether we see any resurgence in …
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27 August 2020 12:35 am
Oil Prices Struggle for Direction
Oil prices showed a mixed performance on Wednesday, after support from data showing the fifth consecutive weekly draw in US crude stockpiles was offset by negative demand forecasts. Crude prices, especially in the United States, remain supported by output disruptions in the Gulf of Mexico due to Hurricane Laura. Brent …
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27 August 2020 12:29 am
Gold Prices Settle at Week High
Gold prices rose on Wednesday to their highest level since August 19, after trading lower for some time due to the rising US Treasury yields. The yellow metal futures for December delivery closed higher by $29.40, or 1.5%, at $1,952.50 per ounce. Meanwhile, silver futures for September delivery surged by …
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26 August 2020 11:12 pm
European Stocks Settle Higher
European stocks returned to gains on Wednesday, reversing their earlier losses today on the back of positive economic data. The STOXX Europe 600 index gained 0.8%, supported by the rising market sectors. The UK’s FTSE100 closed higher by 0.14%, while the French CAC40 and the German DAX indices increased by …
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26 August 2020 10:04 pm
Mexico’s Economy Contract by 18.7% in Q2
The Mexican economy has recorded its worst drop on record during the second quarter of 2020, due to the impact of the COVID-19 pandemic. Mexico’s gross domestic product (GDP) contracted by 17.1% on a quarterly basis during Q2 and by 18.7% on an annual basis. Mexican GDP is expected to …
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26 August 2020 9:31 pm
US Imposes New Sanctions over South China Sea
The United States has blacklisted 24 Chinese companies involved in construction and military activities in the South China Sea, Reuters reported. The sanctioned companies are playing a “role in helping the Chinese military construct and militarize the internationally condemned artificial islands in the South China Sea,” according to a statement …
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26 August 2020 9:12 pm
Trump Could Intervene to Help Airlines
The President of the United States, Donald Trump, is considering to issue an executive order to prevent layoffs at airline companies, Reuters reported. Congress is yet to pass a new COVID-19 stimulus package. “If Congress is not going to work, this president is going to get to work and solve …
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26 August 2020 8:15 pm
Davos Summit 2021 Set to Be Delayed
The 2021 Davos summit, which gathers world leaders and major business figures from around the globe, has been delayed, the World Economic Forum (WEF) announced on Wednesday. The annual summit will not be held in January as usual, due to the coronavirus (COVID-19) pandemic. The decision comes based on advice …
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26 August 2020 8:03 pm
EIA: US Crude Oil Inventories Down by 4.7 M Barrels
Crude oil inventories in the United States declined for the fifth consecutive week, according to data by the US Energy Information Administration (EIA) on Wednesday. Oil stockpiles decreased by 4.7 million barrels last week to a total of 507.8 million barrels. On Tuesday, Estimates by the American Petroleum Institute (API) …
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