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Market Analysis

June, 2021

  • 10 June 2021 4:40 pm

    US: Weekly Initial Jobless Claims Decline to 376K

    There were 376,000 initial claims for unemployment benefits in the US during the week ending June 5, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading came in weaker than the market expectation of 370,000 and followed the previous print of 385,000.

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  • 10 June 2021 4:15 pm

    Oil Rebounds After a Hit From US Travel Season Data

    Oil prices rose Thursday, June 10, a day after falling due to data indicating weak demand for fuel in the American driving season, while investors awaited upcoming US economic data. Brent crude futures rose 18 cents, or 0.25%, to $72.40 a barrel, close to a peak not seen since May …

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  • 10 June 2021 3:47 pm

    ECB Leaves Key Rates And PEPP Unchanged

    The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected. ECB will continue to conduct net asset purchases under PEPP with a total envelope of €1,850 billion …

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  • 10 June 2021 3:26 pm

    The Turkish Lira And US Data, What is to Come?

    For the second day in a row, the Turkish lira is trying to rise against the US dollar, after Turkey announced the discovery of a natural gas field. Natural gas discoveries raise the Turkish lira because they contribute to creating a balance in the balance of payments and reduce imports. …

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  • 10 June 2021 2:39 pm

    European Central Bank Meeting: Forecasts From 5 Major Banks

    The European Central Bank is expected to leave its PEPP unchanged at a total of EUR1.85 trillion. The ECB releases its decision at 11:45 GMT while ECB President Christine Lagarde begins her press conference at 12:30 GMT. Danske Bank “The ECB meeting will focus on the financing conditions, PEPP implementation …

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  • 10 June 2021 1:53 pm

    Markets Await ECB Decision And US Inflation Figures, What’s to Come?

    The European Central Bank will announce its decision at 11:45 GMT, and if it does not cut back on purchases, the Euro may fall. The press conference begins at 12:30 GMT, on the other hand, the US will release CPI data and unsurprising inflation numbers may lead to a rebound …

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  • 10 June 2021 1:17 pm

    ECB to Plot Next Phase of Pandemic Bond-Buying

    According to the economists surveyed by Bloomberg, the European Central Bank (ECB) is expected to maintain the current pace of the bond-buying programme while upgrading the outlook for growth and inflation.

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  • 10 June 2021 1:15 pm

    Car And Oil Companies Press on European Shares Before The ECB meeting

    European shares fell Thursday, June 10 as energy and auto stocks fell, as investors focused on the European Central Bank meeting later in the day. The European Stoxx600 index was down 0.1%, ending a four-day winning streak. Eurozone shares fell 0.2% ahead of the European Central Bank’s policy decision and …

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  • 10 June 2021 12:28 pm

    Oil Falls as The Start of The Flight Season in America Fails to Increase Fuel Demand

    Brent crude futures fell 36 cents, or 0.5%, to $71.86 a barrel, while US oil futures fell 35 cents, or 0.5%, to $69.61 a barrel. The US Energy Information Administration said on Wednesday that US crude oil stocks, which include strategic petroleum reserves, fell for the eleventh consecutive week as …

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  • 10 June 2021 6:19 am

    U.S. Inflation Likely to Register Highest Rise Since 2008

    Markets are anticipating the release of the U.S. consumer price index (CPI) reading for May on Thursday, with expectations of a surge in the inflation rate. Data by the United States Bureau of Labor Statistics are likely to show that an inflation reading of 4.7% last month, with core inflation …

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  • 10 June 2021 4:03 am

    Wall Street Declines Ahead of Inflation Data

    The main indices of the New York Stock (NYSE) closed lower on Wednesday, to erase earlier gains, with Wall Street investors anxiously awaiting the release of inflation data and reacting to the drop in Treasury bond yields. The Dow Jones Industrial Average lost 152.68, or 0.44%, to close at 34,447.14 …

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  • 10 June 2021 3:56 am

    Oil Prices Stabilize Following U.S. Inventory Report

    Oil prices showed a mixed performance on Wednesday, after the weekly inventories report in the U.S. showed a huge surge in gasoline stockpiles. The U.S. crude benchmark futures declined, while the global benchmark settled nearly unchanged, despite a decline in crude inventories in the United States. The rise in gasoline …

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  • 10 June 2021 3:25 am

    Gold Closes Higher as Treasury Yields Retreat

    Gold prices finished higher on Wednesday with small gains, amid a decline by the U.S. Dollar (USD) and Treasury bond yields. Nevertheless, the yellow metal’s most active contracts failed to regain the $1,900 key level. Gold futures for August delivery gained $1.1 to close at $1,895.50 per ounce. Markets are …

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