Nonfarm worker productivity in the United States grew during the third quarter (Q3) of the year, data by the US Department of Labor showed on Tuesday. This comes as the US economy, and especially the services sector, is recovering from the impacts of the Coronavirus crisis. Hourly output per worker …
Read More »Why the Fed Is Keeping Its Guard Up in 2026
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Inflation Holds Its Breath: What the Latest U.S. CPI and PPI Mean to Fed, the Dollar, and the Economy
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Deregulation: Miran Signals a Path to Lower Prices
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Europe in Focus: Greenland Talks and Poland’s Rate Decision Keep FX Markets on Edge
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U.S. Retail Sales Beat Expectations, Signaling Resilient Consumer Demand
U.S. retail sales grew more than expected in November, rebounding from a contraction in the previous…
U.S. Futures Slip as Investors Eye Bank Earnings and Producer Inflation Data
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Bitcoin Jumps as Strategy Makes $1.3 Billion Purchase, But U.S. Retail Demand Remains Weak
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Dollar Holds Steady Ahead of U.S. Data as Yen Slides to 18-Month Low
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Oil Prices Ease After Surge as Traders Weigh Iran Risks Against U.S. Stockpiles
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Market Analysis
December, 2020
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8 December 2020 10:18 pm
Germany Suspends Debt Ceiling Again
The German parliament on Tuesday suspended, once again, the debt limits in the constitution to allow for increased government borrowing of up to EUR 180 billion in 2021, Reuters reported. The increased government debt aims at funding stimulus spending to help Europe’s largest economy face the economic consequences of the …
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8 December 2020 9:52 pm
USD Fluctuates with Moves in Positive Territory
The US Dollar (USD) is showing some signs of recovery on Tuesday, after declining yesterday near its lowest level since 2018. The American currency is showing some fluctuations against major currencies but mostly moving in the positive direction as shown by the performance of the Dollar index (DXY). The DXY, …
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8 December 2020 8:00 pm
European Stocks End Mostly Higher Amid Optimism
European stocks closed higher on Tuesday, supported by an improved sentiment regarding Coronavirus vaccines and trade talks between the European Union (EU) and the United Kingdom (UK). The Stoxx Europe 600 index closed higher by 0.2% recovering most of its losses on the first session of the week. The UK’s …
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8 December 2020 5:26 pm
Consumer Spending And Exports Drive Growth in Eurozone to a Record High
The European Union’s statistics office said that the euro zone economy recorded the highest quarterly growth rate in the summer, recovering from a record contraction due to the Covid-19 pandemic, amid a significant increase in consumer spending and exports. Eurostat said gross domestic product (GDP) in the 19-nation bloc increased …
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8 December 2020 4:58 pm
British Pound Falling on Brexit Headlines
The British pound recorded the biggest move in quiet trading in the currencies of the Group of Ten major countries today, Tuesday, and declined in general with the growing state of caution among investors awaiting the outcome of trade talks with Britain, which approached their last moments without reaching an …
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8 December 2020 3:59 pm
Germany’s ZEW Survey Improves in December
The recently published Germany’s ZEW Survey showed a large improvement in the Economic Sentiment to 55.0 vs 46.0 expected and from 39 in November. The expectations component is what really shines in the report, as ZEW said in its publication: “The announcement of imminent vaccine approvals makes financial market experts …
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8 December 2020 3:50 pm
Annual GDP in Eurozone Contracts by 4.3% in Q3
The seasonally adjusted Gross Domestic Product (GDP) expanded by 12.5% in the third quarter in the euro area, the data published by the Eurostat showed on Tuesday. On a yearly basis, the euro area GDP contracted by 4.3% in Q3 and came in slightly better than the market expectation for …
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8 December 2020 3:49 pm
EU Commission: Brexit Talks Can Continue After Transition Period Ends
A spokesperson for the European Commission said on Tuesday that they are not excluding that Brexit talks can continue after the transition period ends, as reported by Reuters.
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8 December 2020 3:26 pm
Oil Continues Its Losses With Increasing Pessimism
Oil prices fell on Tuesday, December 8, continuing the losses incurred in the previous session, at a time when California tightened general isolation measures to confront the Coronavirus pandemic during Christmas. Brent crude futures were down 51 cents, or 1.1%, to $ 48.28 a barrel by 07:44 GMT. US West …
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8 December 2020 2:43 pm
Japan’s Economy Grew by 22.9% in Q3
The annual Japanese GDP grew better than expected in the third quarter, recording an increase of 22.9%, while expectations indicated a growth of 21.5%. On a quarterly basis, the Japanese economy grew during the same quarter more than expectations to record 5.3%. Household spending in Japan rose for the first …
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8 December 2020 2:05 pm
Gold at a Peak of Two Weeks on Stimulus Headlines
Gold prices rose to a two-week high on Tuesday, December 8th, thanks to hopes that US lawmakers will reach an agreement on a financial stimulus package to ease the economic consequences of the growing infection with the Coronavirus. Gold rose in the spot market 0.3% to $ 1869.06 an ounce …
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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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