Data from the American Petroleum Institute (API) showed that crude oil inventories declined in the United States last week, while gasoline inventories rose. Crude inventories fell by 831 thousand barrels in the week ending September 25 to about 494.4 million barrels, while analysts’ expectations indicated an increase of 1.6 million …
Read More »China Q3 2025 growth beats forecasts but slows to one-year low as disinflation, trade risks bite
China’s economy expanded slightly faster than expected in the third quarter, even as momentum cooled…
Market weekly wrap: Government shutdown could have an end soon
Markets kicked off last week on a cautious note after President Donald Trump announced late Friday a…
Wall Street Bounces Back: Dow Surges as Trade Hopes and Fed Bets Lift Market Mood
After a turbulent week marked by financial sector jitters and political uncertainty, the Dow Jones I…
Gold Retreats from Record High as Trump Softens Stance on China
Gold’s meteoric rise hit a speed bump on Friday, slipping 2% from its all-time high after U.S. Presi…
Washington Stalemate Deepens: U.S. Government Shutdown Hits 17 Days With No End in Sight
The United States government shutdown entered its 17th day on Friday, making it the third-longest in…
Euro Holds Firm as France Restores Political Calm, While UK Faces Fiscal Strain
The euro remained stable on Friday, supported by renewed political calm in France after recent tensi…
Bitcoin’s October Slump Fuels Hope for a Major Comeback
Bitcoin’s price dropped again in October, stirring memories of past downturns that often came just b…
Washington Moves to Ease Capital Rules for Small Banks in Bid to Boost Lending
U.S. regulators are preparing a proposal aimed at giving community banks more room to lend by easing…
Swiss Franc Rises as Global Trade Worries and Rate Cut Bets Pressure the US Dollar
Trade Tensions and Rate Cut Bets Push the Dollar DownThe US Dollar is facing significant downward pr…
U.S. Futures Extend Losses as Regional Bank Worries and Geopolitical Tensions Weigh
U.S. stock index futures slipped further on Friday, extending the previous session’s selloff as rene…
Market Analysis
September, 2020
-
30 September 2020 11:28 am
German Retail Sales Soar in August Rising Hopes of Recovery
Data showed that German retail sales rose much more than expected in August, reviving hopes that household spending in Europe’s largest economy will lead to a strong recovery in Q3 from the coronavirus shock. Data from the Federal Statistics Office revealed that retail sales jumped 3.1% on a monthly basis …
Read More » -
30 September 2020 11:21 am
Odds of Trump Winning US Elections Drop After the First Debate
According to Reuters, Trump’s chances of continuing to hold the presidency after the November 3 election have fallen to 40% after the main debate with Biden on Wednesday morning. The likelihood of Trump winning the election was 42% before the debate.Trump and Biden had argued over the economy, climate change, …
Read More » -
30 September 2020 10:26 am
UK Final GDP Revised up to-19.8% QoQ in Q2
The final reading of Q2 UK GDP came in at -19.8% QoQ vs. -20.4% expected and -20.4% last while on an annualized basis the figure stood at -21.5% vs. -21.7% expected and -21.7% seen previously. The Current Account numbers for Q2 came in at GBP-2.8 B versus GBP-0.4 B expected …
Read More » -
30 September 2020 10:23 am
PBOC Sets Yuan Reference Rate at 6.8101
The People’s Bank of China (PBOC) has set the yuan reference rate at 6.8101 versus Tuesday’s 6.8171.
Read More » -
30 September 2020 10:23 am
FX Option Expiries For Sept 30 NY Cut
EUR/USD1.1600 919m EUR amount1.1650 1.0bn1.1725 640mUSD/JPY104.50 754m USD amount104.85 563m105.00 469m105.10 1.1bn105.62 444m105.70 450m106.00 445mGBP/USD1.2800 244m GBPNZD/USD0.6580 348m NZD amount0.6675 240m
Read More » -
30 September 2020 6:36 am
Trump and Biden Exchange Attacks at First Debate
The first US presidential debate was held on Tuesday night in Cleveland, Ohio, between the incumbent Republican President Donald Trump, and Former Vice President and the Democratic nominee Joe Biden, with a limited number of attendees in accordance with social distancing rules and preventive measures against COVID-19. At the beginning …
Read More » -
30 September 2020 12:51 am
Wall Street Closes in Red ahead of Presidential Debate
The New York Stock Exchange (NYSE) closed lower on Tuesday, after two consecutive rises, amid concerns about the rising number of COVID-19 cases and ahead of the first of three presidential debates. Three debates between incumbent President Donald Trump and the Democratic Party nominee Joe Biden will be held before …
Read More » -
30 September 2020 12:38 am
Oil Prices Down by More than 3%
After rising for the first session of the week, oil prices returned to losses on Tuesday. The Brent crude futures for November delivery dropped by $1.40, or 3.3%, and closed at $41.03 per barrel. Meanwhile, the US West Texas Intermediate (WTI) crude futures for November delivery closed lower by $1.31, …
Read More » -
30 September 2020 12:33 am
Gold Settles Above $1,900 an Ounce
Gold prices increased on Tuesday for the second consecutive session, restoring the $1,900 per ounce mark. The yellow metal gains were supported by the US Dollar (USD) decline. Gold futures for December delivery gained $20, or 1.1%, and settled at the level of $1,903.20 per ounce.
Read More » -
30 September 2020 12:04 am
Fed’s Williams Expects Recovery in Three Years
President of the Federal Reserve Bank of New York, John Williams, said on Tuesday that recovery from the Coronavirus (COVID-19) crisis has been better than expected, expecting the economy to return to its pre-pandemic levels in about three years. “We want to get back to maximum employment as soon as …
Read More » -
29 September 2020 11:26 pm
Fed’s Kaplan Calls for Keeping Interest Rates for Two or Three Years
The United States Federal Reserve needs to maintain interest close to 0% until economic recovery is achieved, which is expected by the end of 2022 or in 2023, according to the President of the Federal Reserve Bank of Dallas, Robert Kaplan. “I believe there are real costs to keeping rates …
Read More » -
29 September 2020 10:01 pm
European Stocks Close Lower
European stocks closed lower on Tuesday amid increasing concerns for the rising number of COVID-19 cases in many countries across the continent. The STOXX Europe 600 index closed lower by 0.46%, while the UK’s FTSE100 index fell by 0.51%. Meanwhile, the German DAX index declined by 0.35% and the French …
Read More »