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Market Analysis

October, 2020

  • 13 October 2020 1:26 am

    Oil Prices Decline as End of Norway Strike Looms

    Oil prices declined on Monday as news circulated that a large strike in Norway will be ended and no longer affecting crude production capacities, however, losses were limited due to output disruptions resulting from Hurricane Delta. Brent crude futures for December delivery decreased by 49 cents, or 1.1%, to finish …

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  • 13 October 2020 1:09 am

    Gold Opens Week with Gains

    Gold prices rose on Monday amid increased demand for safe havens, as a new stimulus package in the United States remains uncertain ahead of the next elections. Gold futures for December delivery added $2.70, or 0.1%, and closed at $1,928.90 per ounce. Meanwhile, Silver futures for December delivery rose by …

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  • 12 October 2020 8:24 pm

    European Stocks Finish Higher

    European stocks rose on Monday, opening the week with a positive performance that copied that of Asian markets earlier today. Hopes for a stimulus package in the United States supported risk appetite. The pan-European STOXX 600 index rose by 0.77% to close at 373.19 points. The French CAC40 index rose …

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  • 12 October 2020 7:15 pm

    London Sets New Lockdown Measures

    The British government has introduced some lockdown measures to face the second wave of the Coronavirus (COVID-19) pandemic. Prime Minister Boris Johnson spoke in front of the House of Commons on Monday, laying out a three-level alert system in England.

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  • 12 October 2020 6:37 pm

    Kuroda: BoJ not Out of Tools

    The Bank of Japan (BoJ) is ready to take extra measurements to face the impact of the COVID-19 crisis, according to Governor Haruhiko Kuroda, Reuters reported. “We will closely monitor the impact of COVID-19 and not hesitate to take additional easing measures as necessary.” The BoJ is not out of …

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  • 12 October 2020 6:26 pm

    London Exchange to Move Some Operations to Amsterdam

    The London Stock Exchange (LSE) is moving some trading operations related to shares listed in the European Union countries to the Netherlands. A Dutch platform by LST will see the movement of trading the said shares starting November, according to media reports. This comes as London tries to avoid its …

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  • 12 October 2020 6:19 pm

    Mexican Exchange Resumes Trading

    The Mexican Stock Exchange (Mexican Bolsa) has resumed trading activities on Monday, Reuters reported. This comes after the exchange saw operations being halted on Friday due to system problems.

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  • 12 October 2020 6:18 pm

    Wall Street Gains at Open on Tech And Stimulus Optimism

    The main indexes on Wall Street opened higher on Monday, while the Nasdaq index, teeming with tech companies, jumped more than 1% as sentiment was boosted by optimism about an agreement in Washington on more financial support ahead of the start of the quarterly earnings announcement season. The Dow Jones …

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  • 12 October 2020 5:37 pm

    The Dollar Settling Near 3-Week Low as Markets Bet on a US Stimulus

    The dollar settled near a three-week low on Monday amid optimism about the fiscal stimulus in the United States, while the yuan fell after the Chinese central bank changed its policy on currency reserves. The dollar index stabilized after it witnessed the biggest loss in six weeks on Friday, when …

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  • 12 October 2020 4:53 pm

    Oil Prices Drop 1% as US Companies Resume Production

    Oil prices fell 1% for the second consecutive session Monday, as US producers began to resume work after Hurricane Delta and the end of a workers’ strike that affected production in Norway. Brent crude for December delivery fell 41 cents to $ 42.44 a barrel, and U.S. West Texas Intermediate …

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  • 12 October 2020 4:03 pm

    The Unemployment Rate in Turkey Stays at 13.4% in 3 Months

    Monday’s data showed that the unemployment rate in Turkey stabilized at 13.4% in the period from June to August compared to the previous three months, with a high rate of participation in the workforce, while the repercussions of Covid-19 continued to affect employment. Separate data today showed that the current …

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  • 12 October 2020 2:51 pm

    Core Machinery Orders in Japan Rose 0.2% in August

    The rate of core machinery orders in Japan increased by 0.2% in August compared to the previous month, more than expected. On an annual basis, basic orders decreased by 15.2% in the same month. Better than expected. The producer price index unexpectedly declined by -0.2% in September on a monthly …

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  • 12 October 2020 1:40 pm

    Gold Dropping From a 3-Week High as Dollar Stabilizes

    Gold fell from its highest level in three weeks, as the dollar recouped some of its losses after a new US relief package to ease the repercussions of Corona faced opposition. Spot gold fell 0.1% to $ 1927.11 an ounce, after reaching its highest level since September 21 at $ …

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