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European stocks closed higher on Wednesday, as the market remains optimistic about the positive results shown by the COVID-19 vaccine being developed by Pfizer and BionTech. The STOXX Europe 600 index closed higher by 1.2%, while the UK’s FTSE100 added 1.56%. The French index CAC40 rose by 0.67%, while the …
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17 January, 2026 2:36 am
Trump’s Return to Davos Puts Global Economy and Trade Order Under the Spotlight
The annual World Economic Forum in Davos is set to unfold against a backdrop of heightened economic …
17 January, 2026 1:56 am
Gold Pauses After Record Run as Markets Lock in Profits
Gold prices eased slightly at the end of the trading session, closing near $4,596 per ounce, as inve…
17 January, 2026 12:44 am
Oil Prices End Higher as Holiday Trading and Geopolitical Risks Support the Market
Oil prices closed higher as traders positioned ahead of the U.S. holiday weekend, with lingering geo…
16 January, 2026 11:16 pm
Trump’s Reluctance Shakes Up the Fed Chair Race
President Donald Trump signaled fresh uncertainty over the future leadership of the Federal Reserve …
16 January, 2026 9:57 pm
Inflation Takes Center Stage as Markets Brace for a Crucial Week Ahead
The US dollar struggled to find clear direction over the past week, caught between geopolitical tens…
16 January, 2026 8:54 pm
Markets Edge Lower as Bank Earnings Raise Caution Ahead of a Pivotal Week
U.S. equity futures traded tentatively ahead of the opening bell, reflecting investor unease as fres…
16 January, 2026 7:42 pm
Yen Gains on Intervention Fears While Dollar Holds Strong
The Japanese yen strengthened on Friday, with USD/JPY slipping to 158.02, down 0.35%, as markets rea…
16 January, 2026 4:49 pm
Dollar Set for Third Weekly Gain as Strong U.S. Data Pushes Back Rate Cut Expectations
The U.S. dollar edged slightly lower on Friday, but remained on track for another weekly gain as str…
16 January, 2026 3:45 pm
Bitcoin Slips After U.S. Lawmakers Delay Crypto Regulation Bill
Bitcoin edged lower in Asian trading on Friday, trimming part of this week’s rebound after U.S. lawm…
16 January, 2026 2:48 pm
Oil Prices Edge Higher as Supply Risks Linger Despite Easing Iran Tensions
Oil prices inched higher on Friday, supported by lingering supply concerns, even as the immediate th…
Market Analysis
November, 2020
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11 November 2020 8:39 pm
Georgia to Manually Recount Presidential Election Ballots
The state of Georgia will hold a statewide recount of ballots cast in the recent presidential elections between President Donald Trump and President-elect Joe Biden, Secretary of State Brad Raffensperger announced Wednesday, CNBC reported. “With the margin being so close, it will require a full, by-hand recount in each county.” …
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11 November 2020 8:31 pm
EU Approves New Trade Deal with US
The European Union (EU) supported a small trade agreement with the United States that will see the removal of tariffs on American lobsters, as the US awaits a new administration, Reuters reported. The agreement, which was reached in August, will remove 8% to 12% tariffs on the imports of lobsters, …
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11 November 2020 7:35 pm
Dollar Rises across the Board
The US Dollar (USD) continues to show a positive performance on Wenesday, supported by an improved investors’ sentiment. The Dollar Index (DXY), which measures the performance of the USD against a basket of six major international currencies, is up by 0.45% at 93.17 earlier in the American session. The index …
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11 November 2020 5:53 pm
Christine Lagarde’s Speech Summary
Christine Lagarde, President of the European Central Bank, is delivering her remarks at the ECB Forum on Central Banking 2020. “Developments in the exchange rate may have a negative impact on the path of inflation.”“If this second wave of the virus proves to be less intense than the first, it …
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11 November 2020 5:23 pm
US: Mortgage Applications Fall For The First Time in Three Weeks
Data released by the Mortgage Bankers Association showed that mortgage applications in the United States fell 0.5% in the week ending November 6th.It marked the first drop in three weeks, after an increase of 3.8% in the previous period. The average contract interest rate for 30-year fixed-rate mortgages with conforming …
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11 November 2020 4:48 pm
Oil Rises to $45 For The First Time Since August!
Oil rose to $45 a barrel during Europen session for the first time in 10 weeks. Where the apparent decline in US crude inventories reinforced the rise in oil prices, which was mainly supported by Pfizer’s vaccine. The American Petroleum Institute (API) reported that crude inventories fell 5.15 million barrels …
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11 November 2020 3:55 pm
Pfizer And BioNTech Reach Agreement With EU to Supply 200 Million Doses of Coronavirus Vaccine
Pfizer and BioNTech have reached an agreement with the European Union (EU) to supply the EU with 200 million doses of their coronavirus vaccine, as reported by Reuters. “Agreement provides a supply of 200 million doses and an option to request additional 100 million doses.”“Deliveries anticipated to start by end of 2020, …
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11 November 2020 3:50 pm
Gold Rises as US Dollar Weakens And Covid-19 Cases Mount
Gold rose on Wednesday, November 11th, thanks to a weak dollar as investors study the logistical challenges surrounding the massive production of a potential Covid-19 vaccine in light of the increase in new virus infections, which strengthens the bet on greater economic support. And gold rose in the spot market …
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11 November 2020 2:31 pm
US Dollar Down on Covid-19 Concern
The dollar incurred losses on Wednesday, November 11, as concerns about how the Covid-19 vaccine would be distributed over optimism about it, as well as the growing number of infections with the Coronavirus that causes the disease in the United States. The New Zealand dollar recovered from initial losses to …
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11 November 2020 1:43 pm
Auto Sales in China Climbed 12.5% in October
Car sales in China rose 12.5% in October compared to the same month a year ago, marking an increase for the seventh month in a row as the world’s largest auto market continues to lead the global auto industry’s recovery from its lows with the Covid-19 pandemic. The data from …
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11 November 2020 1:28 pm
Nikkei Closed at a 29-Year High as Poll Hopes Continued to Rise
The Japanese Nikkei Index rose to close at a new high in 29 years, as investors still hoped for a rapid global recovery from the Covid-19 pandemic, supported by developments related to the vaccine. The benchmark Nikkei Index closed 1.78% higher at 25,349.6 points, its highest close since June 1991. …
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11 November 2020 12:34 pm
API: A Sharp Decline in Crude And Gasoline Inventories in the United States Last Week
Data from the American Petroleum Institute on Tuesday showed that crude oil inventories in the United States fell sharply last week. Crude stocks fell by 5.1 million barrels in the week ending on the sixth of November to about 482 million barrels, while analysts polled by Reuters had expected a …
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