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Market Analysis

September, 2020

  • 25 September 2020 3:01 pm

    European Stocks Mixed Performance With The Increase in COVID-19 Cases

    Telecom companies pushed European shares up slightly, but the main indicators are heading towards a sharp weekly decline as the continent suffers a new wave of Covid-19 infections. The pan-European STOXX 600 index rose 0.2%, while telecom shares jumped 0.8%, topping the sectors’ gains. Shares in Spanish telecoms operator Massmoville …

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  • 25 September 2020 1:58 pm

    Gold Rising as US Dollar’s Rally Receded

    Gold prices rose, as the dollar fell and hopes for more stimulus measures in the United States re-emerged, but the yellow metal is on the path to post its biggest weekly decline since August. Spot gold rose 0.3% to $ 1873.83 an ounce. But prices are down about 4% a …

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  • 25 September 2020 12:51 pm

    Oil Heading For a Weekly Decline on Growing Concerns

    Oil prices have retreated, and are heading towards a weekly decline due to growing concerns that fuel demand will be affected by a new large-scale rise in cases of coronavirus, as well as some concern about a possible return of exports from Libya. Brent crude fell four cents to $ …

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  • 25 September 2020 12:28 pm

    German Export Expectations Hit Highest Level Since October 2018

    IFO Institute said that optimism among German exporters, who have been affected by the Coronavirus crisis, reached its highest level in September since October 2018. IFO said its index of export expectations rose to 10.4 in September from 5.5. it said more companies in the chemical and electrical equipment sectors …

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  • 25 September 2020 11:40 am

    Japan Shares Closing Higher And Awaits More US Stimulus

    Japanese stocks rose, tracking the rally in Wall Street yesterday, as hopes for more US stimulus overtook some concerns about the strength of the global economy. The Nikkei index closed up 0.51% at 23,204.62 points. The broader TOPIX index gained 0.48% to 1634.23. But for the week, the benchmark fell …

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  • 25 September 2020 10:50 am

    Powell Warns of Delay in Reaching an Additional Stimulus Package

    Federal Reserve Chairman Jerome Powell has warned that failure to provide more government aid to families threatens a wave of mortgage defaults and evictions of Americans from their homes. During his testimony before the Senate Banking Committee, Powell said that American household spending currently may depend on the use of …

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  • 25 September 2020 12:42 am

    NYSE Closes in Modest Gains

    The New York Stock Exchange (NYSE) closed higher on Thursday, despite uncertainties about the rising number of COVID-19 cases. The Dow Jones Industrial Average Index   gained 52.31, or 0.20%, to close at 26,815.44 points. S&P 500 increased by 9.67, or 0.30%, and finished at the level of 3,246.59 points. Meanwhile, …

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  • 25 September 2020 12:30 am

    Oil Maintains Rising Rally on Inventories Draw

    Oil prices closed higher on Thursday, following a decline in US crude inventories, as shown by recent data. Brent futures for November delivery increased by 17 cents, or 0.4%, and finished at $41.94 per barrel. Meanwhile, the West Texas Intermediate (WTI) futures for November delivery settled higher by 38 cents, …

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  • 25 September 2020 12:23 am

    Gold Rises For First Time This Week

    Gold prices rose on Thursday after three consecutive declines, amid higher demand for safe havens in light of uncertainties. In addition, the US Dollar (USD) is reversing a portion of its recent gains, moving in the negative territory. Gold futures for December delivery closed higher by $8.50, or 0.5%, at …

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  • 24 September 2020 11:53 pm

    Bullard Sees No Downturn in Case of COVID-19 New Wave

    A second wave of COVID-19 infections should not harm the recovery of the United States economy, considering that the death toll from the infectious virus is decreasing, President of the Federal Reserve Bank of St. Louis, James Bullard, said on Thursday, Reuters reported. Meanwhile, President of the Federal Reserve Bank …

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  • 24 September 2020 11:44 pm

    Fed’s Evans Calls for More Stimulus and Support

    President of the Federal Reserve Bank of Chicago, Charles Evans, said on Thursday that more support is needed for people amid the COVID-19 crisis. “We are taking a very serious and unnecessary risk if we do not extend federal assistance to out-of-work households.”“The longer the dual challenges of the pandemic …

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  • 24 September 2020 11:26 pm

    Fed’s Barkin Comfortable With 1.5-2.5% Inflation

    President of the Federal Reserve Bank of Richmond, Tom Barkin, said on Thursday that the new policy framework could help boost inflation expectations, noting that the risk of sudden rises in inflation in the future is low, Reuters reported. “While inflation has run below our 2 percent target, as I …

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  • 24 September 2020 11:06 pm

    European Stocks Return to Losses

    European stocks returned to losses on Thursday, closing lower for the day amid concerns about a second wave of COVID-19 infections. The STOXX Europe 600 index lost 1.05%, while the UK’s FTSE100 dropped by 1.30%. The French CAC40 index plunged by 0.89% and the German DAX index finished lower by …

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