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Market Analysis

December, 2020

  • 8 December 2020 1:12 pm

    Japan Stocks Declining for The Third Day, All Eyes on the US Stimulus Debate

    Japanese stocks fell for the third session in a row on Tuesday, 8 December, as a month-long rally was exhausted, as investors awaited the decision of US lawmakers on a new package to mitigate the repercussions of the Covid-19 pandemic. The Nikkei index declined by 0.3% to close at 26,467.08 …

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  • 8 December 2020 12:29 pm

    UK Vaccination Programme Getting Under Way

    The process of vaccination against the Coronavirus officially began in Britain, after the authorities allowed the use of Pfizer and Biontech vaccine a week ago, thus becoming the first in-country in Europe to start mass vaccination of the people in what was called a critical turning point in eliminating the …

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  • 8 December 2020 12:28 pm

    PBOC Sets Yuan Reference Rate at 6.5320

    The People’s Bank of China (PBOC) has set the yuan reference rate at 6.5320 versus Monday’s fix at 6.5362.

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  • 8 December 2020 3:54 am

    UK and EU Pushing for Post-Brexit Trade Deal

    The British government and the European Union (EU) are holding what could be the latest round of talks to reach a trade agreement for the post-Brexit stage. Significant differences reportedly still remain, CNBC reported citing sources in the United Kingdom (UK). Disagreements are mainly within three issues, namely: fisheries, competition …

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  • 8 December 2020 1:44 am

    G7 Finance Ministers Call for Regulating Cryptocurrencies

    The G7 Group is calling for regulating digital currencies, according to a statement by the U.S. Department of the Treasury on Monday, Reuters reported. This comes following a virtual meeting that gathered finance ministers and central bank governors from the group. The German Ministry of Finance issued another statement after …

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  • 8 December 2020 1:07 am

    Oil Finishes Lower Amid COVID-19 Fears

    Oil prices closed lower on Monday, beginning the week with a negative performance, amid concerns about the rising number of Coronavirus cases in many countries. Lockdowns and the fear of more preventive measures are prompting concerns about the recovery of the demand for energy worldwide. Brent crude futures for February …

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  • 8 December 2020 12:03 am

    GBP/USD Recovers Some of its Earlier Losses

    The British Pound (GBP) is showing a negative performance on Monday, however, it was able to cut its losses in half showing some recovery signs amid anticipation for what could be the latest round of trade talks between the United Kingdom (UK) and the European Union (EU) about the post-Brexit …

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  • 7 December 2020 11:15 pm

    Gold Closes Higher as USD Declines

    Gold prices rose on Monday, opening the week with a positive performance as the US Dollar (USD) declined near its lowest level since 2018. The rise of the yellow metal also comes amid renewed hopes for a new government stimulus package in the United States. Gold futures for February delivery …

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  • 7 December 2020 9:33 pm

    European Stocks Close Lower Awaiting Brexit Talks

    European stocks opened the week with a negative performance, amid anticipation for the outcome of the Brexit trade talks. The STOXX Europe 600 index finished lower by 0.3%. Meanwhile, the UK’s FTSE100 rose marginally by 0.08%. The French index CAC40 leveled down by 0.64%, while the German index closed lower …

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  • 7 December 2020 7:15 pm

    Nasdaq Hits New All-Time High

    The New York Stock Exchange (NYSE) opened the week on a mixed note, as the Nasdaq Composite index continued its positive performance and hit a new record high during Monday early trading. This comes amid renewed hopes for a new government stimulus package, as well as positive news about Coronavirus …

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  • 7 December 2020 6:23 pm

    US Dollar Near Its Lowest Level Since 2018

    The US dollar index settled near its lowest level in two and a half years during trading on Monday after weak US jobs data. while the British pound fell as Britain and the European Union made a final attempt to reach a trade deal. In the US, jobs data on …

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  • 7 December 2020 5:48 pm

    UK PM Johnson’s spokesman: There Will be No Negotiations in 2021

    British Prime Minister Boris Johnson’s spokesman told reporters on Monday that the UK is prepared to negotiate for as long as there is time and if they think a deal is possible, as reported by Reuters. “We will not extend the transition period, there will be no negotiations in 2021.” …

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  • 7 December 2020 4:41 pm

    EU’s Barnier: Negotiations to Continue Until Wednesday But no Further

    The European Union’s chief Brexit negotiator, Michel Barnier, has told the members of European Parliament that negotiations on a post-Brexit deal could continue until Wednesday but no further, RTE Europe Editor Tonny Connelly said on Monday.

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