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Market Analysis

September, 2020

  • 22 September 2020 1:57 pm

    European Stocks Rising After Yesterday’s Losses

    European stocks rose Tuesday 22 September after falling sharply yesterday as technology and healthcare stocks rose, but concerns about new restrictions due to the Coronavirus in Britain and elsewhere continued to put pressure on travel sector stocks. The European Stoxx600 index rose 0.5% by 0716 GMT, maintaining its gains after …

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  • 22 September 2020 1:04 pm

    Oil Settles But Recovery Concerns Persist

    There was little change in oil futures on Tuesday (September 22nd) after heavy losses overnight, as the latest hurricane receded in the Gulf of Mexico, but concerns about fuel demand continued due to an increase in coronavirus cases around the world. By 0637 GMT, Brent crude futures were down 3 …

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  • 22 September 2020 12:34 pm

    Lira Hits a Fresh Low, Ahead of CBRT

    The Turkish lira hit a record low against the dollar, as investors assess the possibility of a central bank raising interest rate during its meeting this week to limit the currency’s decline. The lira recorded 7.6440 against the dollar at 06:00 GMT, the lowest level ever after it recorded 7.6365 …

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  • 22 September 2020 12:23 pm

    Bailey: BoE’s Latest Statement Was no Negative Rate Hint

    Governor Andrew Bailey said the Bank of England’s latest policy statement did not imply it would necessarily use negative interest rates, and that observers should not read too much into it. “It doesn’t imply anything about the possibility of us using negative instruments,” Bailey told an online talk hosted by …

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  • 22 September 2020 12:15 pm

    BOE’s Bailey: UK Economy Can be Viewed as Glass Half Full or Half Empty

    “The UK economy can be viewed as a glass half full or half empty,” the Bank of England (BOE) Governor Andrew Bailey said while speaking at a webinar hosted by the British Chamber of Commerce on Tuesday. Quotes“UK recovery has been quite rapid and quite substantial.““Below the surface recovery is …

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  • 22 September 2020 10:58 am

    PBOC Sets Yuan Reference Rate at 6.7872

    The People’s Bank of China (PBOC) has set the yuan reference rate at 6.7872 versus Monday’s fix at 6.7595.

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  • 22 September 2020 10:57 am

    Powell: Fed is Committed to Use All the Tools to Help The Recovery

    Federal Reserve Chairman Jerome Powell said Monday that the US central bank remains committed to using all the tools at its disposal to help the world’s largest economy recover from the blow it took from the coronavirus pandemic. “We remain committed to using our tools to do what we can, …

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  • 22 September 2020 10:51 am

    British Newspapers: Johnson Will Ask Britons to Return to Work From Home

    The British Telegraph newspaper reported that Prime Minister Boris Johnson will encourage Britons to return to work from home if possible to help contain the outbreak of the Coronavirus. The newspaper’s chief political correspondent said in a tweet on Twitter, citing sources, that Johnson told lawmakers that “moving now means …

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  • 22 September 2020 10:45 am

    Gold Rises And New Isolation Measures Overshadow The Dollar’s Strength

    Gold rose within a narrow range Tuesday, September 22nd, as fears of a surge in COVID-19 cases across Europe addressed the pressure of the dollar’s strength on the precious metal, ahead of words for decision-makers in the US Federal Reserve this week. Gold rose in the spot market 0.1% to …

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  • 22 September 2020 1:59 am

    Dow Closes Lower by 510 Points

    The New York Stock Exchange (NYSE) closed Monday lower, amid risk aversion by investors and selling pressures. The Dow Jones Industrial Average plunged by about 510 points, or 1.84%, and closed at 27,147.70 points. The S&P 500 index closed lower by 38.41 points, or 1.16%, at 3,281.06 points. Meanwhile, the …

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  • 22 September 2020 1:50 am

    US Treasury Yields Decline Amid Increased Demand

    US Treasury yields declined on Monday, as risk aversion and selling pressures in stock markets led more investors towards safe havens, thus, increasing demand. Return on the 10-year Treasury notes decreased by 2.4 basis points to 0.670%. The yield on the 30-year bond plunged by 2.7 basis points to 1.426%. …

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  • 22 September 2020 12:43 am

    Oil Prices Close Lower by 4%

    Oil prices declined on Monday, amid a negative outlook for global and European demand with the rising number of COVID-19 cases, as well as anticipation for the resumption of crude production and exporting in Libya. Brent crude futures for November delivery dropped by $1.71, or 4%, and closed at $41.44 …

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  • 22 September 2020 12:35 am

    Gold Closes at Lowest Level in Two Months

    Despite a decline in risk appetite among investors, gold prices plunged on Monday as the US Dollar (USD) registered large gains. Gold futures for December delivery decreased by $51.50, or 2.6%, and settled at $1,910.60 per ounce. Earlier today, the yellow metal futures were trading below $1,889 an ounce. This …

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