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“Germany’s economy will gradually recover after a historic slump due to the coronavirus pandemic and will likely return to last year’s level at the end of 2021,” economic institute IFO said on Wednesday, according to Reuters. IFO sees GDP contracting by 11.9% in Q2 on a quarterly basis and to …
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11 February, 2025 1:38 am
US Dollar and Gold Surge After Trump’s Comments on New Tariffs
The US dollar continued to rise alongside gold, amidst significant market fluctuations triggered by …
11 February, 2025 12:30 am
McDonald reveals Q4 mixed performance, Eyes 2025 Rebound
McDonald’s Q4 results showed mixed performance, with revenue slightly below expectations and a…
10 February, 2025 11:17 pm
US Stocks Remain Resilient Amid Tariff Threats, Inflation Concerns
US stock market demonstrated resilience this week, navigating a landscape of renewed tariff threats …
10 February, 2025 9:59 pm
Bitcoin Price Recovers Slightly, But Concerns on Fresh Tariffs, Inflation Persist
The price of bitcoin has somewhat recovered, but inflation and new tariff worries are still present.…
10 February, 2025 9:09 pm
Lagarde Reaffirms ECB’s Recovery Outlook Despite Inflation Uncertainties
In her speech on Monday, Christine Lagarde, the president of the European Central Bank, reiterated t…
10 February, 2025 8:04 pm
EUR/USD appreciates as investors grow alarmed by fresh tariff threats
Although the EUR/USD recovers some of its intraday losses and closes to 1.0300, the picture remains …
10 February, 2025 7:07 pm
Trump’s Looming Tariffs and BoE Shift Weigh on Pound Sterling
The Pound Sterling weakened against the US Dollar on Monday, falling below the 1.2400 level to 1.238…
10 February, 2025 2:14 pm
Dollar Strengthens as Trump Announces New Tariffs
The U.S. dollar edged higher on Monday as investors reacted to President Donald Trump’s announcement…
10 February, 2025 12:52 pm
European Stocks Edge Higher Despite Trade Uncertainty
European stock markets opened on a positive note Monday, showing resilience despite fresh U.S. trade…
10 February, 2025 11:27 am
Gold Surges to Record Highs Amid Trade Tariff Uncertainty
Gold prices climbed to all-time highs on Monday, as escalating trade tensions and global economic un…
Market Analysis
July, 2020
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1 July 2020 2:13 pm
Eurozone PMI Manufacturing Finalized at 47.4
Eurozone PMI Manufacturing was finalized at 47.4 in June, up from 39.4 in May a report by IHS Markit said. The index was in contraction below 50 for 17 consecutive months. and had fallen to 33.4 in April. The report stated: “Eurozone manufacturing sector continues to contract sharply,” “There was …
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1 July 2020 1:54 pm
UK Manufacturing Activity Picked Up in June
After the Great collapse due to COVID 19 pandemic, the UK manufacturing sector returned to recovery after it began to stabilize last June. IHS Markit’s Purchasing Managers Index (PMI) posted 50.1 compared to 40.7 in May, in line with economists’ expectations. PMIs are given on a scale of 0 to …
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1 July 2020 1:13 pm
Dubai’s Economy Shrank by 3.5% in Q1 Amid Coronavirus Pandemic
The government media office in UAE said in a statement issued on Tuesday that Dubai’s real GDP decreased by 3.5% in Q1 year-on-year as the country was hit by the Covid-19 pandemic, according to Reuters. The government said some sectors such as real estate and finance have maintained their strength …
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