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Market Analysis

March, 2021

  • 11 March 2021 5:45 pm

    US: Weekly Initial Jobless Claims Decline to 712K

    There were 712,000 initial claims for unemployment benefits in the US during the week ending March 4, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 754,000 (revised from 745,000) and came in better than the market expectation of …

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  • 11 March 2021 5:44 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.

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  • 11 March 2021 4:43 pm

    IWH lowers Germany’s GDP forecast this year

    The German IWH Institute for Economic Research cut its 2021 growth forecast for Europe’s largest economy to 3.7% from the 4.4% it had forecast in December as the country faces the risk of a third wave of the Coronavirus pandemic. “For Germany in particular, there is a risk that the …

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  • 11 March 2021 4:02 pm

    Rolls Royce Says That The Worst is Over After Incurring Record Losses

    Rolls Royce

    The CEO of British engine manufacturer Rolls Royce predicted that the worst is over in the Covid-19 crisis, after the company recorded a record basic loss of four billion pounds, equivalent to $5.6 billion, in 2020 after its customers stopped operating flights. The company said that the rate of capital …

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  • 11 March 2021 3:21 pm

    ECB Set to Leave Policy Unchanged: Forecast from 14 major banks

    The European Central Bank will announce its policy decision at 12:45 GMT, followed by the ECB President Christine Lagarde’s conference at 1330 GMT. here are the forecasts by the economists and researchers of 14 major banks. Danske Bank “We do not expect new policy decisions, but a reiteration of all …

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  • 11 March 2021 2:45 pm

    The Turkish Lira Rises For The Third Day in Light of an Imminent Decision on Interest

    The Turkish lira rose about 1%, to offset some of the recent losses it incurred for the third day in a row with growing expectations that the central bank will raise interest rates from 17% next week. The lira was steady at 7.44 against the US dollar, rising from Wednesday’s …

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  • 11 March 2021 1:57 pm

    High Oil Prices Thanks to Economic Outlook and a Decline in Inventories

    Oil prices rose Thursday, March 11th, as the distribution of vaccines to prevent Covid-19 boosted expectations for economic recovery, and US fuel stocks fell sharply, but a rise in crude stocks after a storm in Texas last month limited the gains. Brent crude futures for May delivery rose 20 cents, …

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  • 11 March 2021 12:49 pm

    The US House of Representatives Passes the $1.9 trillion Corona Relief Bill And Sends it to Biden For Signature

    Democratic House of Representatives passed a $1.9 trillion coronavirus relief bill Wednesday, sending one of the largest stimulus plans in US history to President Joe Biden’s office for signature. The president hopes to sign the bill on Friday after Congress formally sends it to the White House, which could take …

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  • 11 March 2021 12:40 pm

    Gold Reaches Its Highest Level in a Week as Yields And US Dollar Decline

    Gold prices rose Thursday, March 11th, to their highest in more than a week, after weaker inflation data in the United States halted the advance of Treasury and dollar yields. And gold profit in spot transactions 0.4% to 1733.46 dollars per ounce, after reaching its highest level since the third …

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  • 11 March 2021 12:20 pm

    Japan Shares Closed Higher on Rise of Business Cycle Companies

    Japan

    Japanese shares closed higher on Thursday, March 11th, as investors snapped up shares related to the economic cycle that fell earlier, but the gains were capped by investors who lowered their positions in some heavyweight stocks. The Nikkei index rose 0.6% to 29,211.64 points, while the broader Topix index rose …

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  • 11 March 2021 2:55 am

    NYSE Indices Mixed at Wednesday’s Close

    The New York Stock Exchange (NYSE) closed Wednesday’s trading session on a mixed note, as inflation data helped ease reflation fears and pushed Treasury bond yields further down. The Dow Jones Industrial Average gained 464.28 points, or 1.46%, and finished at 32,297.02 points. The S&P 500 index closed at 3,898.81 …

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  • 11 March 2021 1:03 am

    Oil Settles Higher Following Fluctuations

    Oil prices rose on Wednesday, after fluctuating throughout the session as data showed another large increase in crude inventories in the United States, alongside huge drops in gasoline and distillate stockpiles. Brent crude futures for May delivery finished higher by 38 cents, or 0.6%, at $67.90 per barrel. Meanwhile, the …

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  • 11 March 2021 12:49 am

    U.S. Budget Deficit Hits All-Time High in February

    The United States public budget deficit hit an all-time high in the five months to February at $1.05 trillion, the Associated Press (AP) reported. The surge in budget deficit is attributed to the increase in governmental stimulus spending to help the economy recover from the impact of the coronavirus pandemic. …

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