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Market Analysis

December, 2020

  • 1 December 2020 1:48 pm

    Industrial Activity in China Accelerated at The Fastest Pace in 10 Years, to 54.9 in November

    A survey of businesses in China showed activity in the factory sector accelerated at the fastest pace in a decade in November, as the world’s second-largest economy recovers to pre-epidemic levels. The Caixin / Markit Manufacturing PMI rose to 54.9 from 53.6 in October, with the index staying above the …

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  • 1 December 2020 1:20 pm

    Gold Recovering From a 5-Month Low as The Spread of Covid-19 Threatens Economic Recovery

    Gold prices rose on Tuesday, December 1, after heavy selling that pushed it to its lowest level in nearly five months in the previous session, to renewed interest in the yellow metal, which represents a safe haven in light of the high number of cases of Covid-19, which blurred the …

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  • 1 December 2020 12:29 pm

    Nikkei Index Closes Near Its 29-And-a-Half Year High Thanks to Vaccine Hopes And Stimulus

    Japan’s Nikkei index closed Tuesday, December 1, near its 29-and-a-half-year high, tracking gains in US equity futures thanks to growing optimism that major pharmaceutical companies will introduce a coronavirus vaccine before the end of the year. The benchmark Nikkei Index rose 1.34% to close at 26,787.54 points, near its highest …

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  • 1 December 2020 3:29 am

    UK and EU Exchange Warnings as Time Runs Out on Brexit Deal

    The United Kingdom (UK) and the European Union (EU) have reportedly exchanged warnings on Monday that time is passing by without reaching a deal for the post-Brexit stage, as the transitional period expires by the end of the year, Reuters reported. Recent negotiations that tool place in London over the …

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  • 1 December 2020 2:31 am

    Oil Gains 27% in November

    Oil prices closed lower on Monday, awaiting the OPEC+ decision regarding output cuts. A decision is expected on Tuesday, although it was reported that the meeting could be delayed to Thursday. Brent crude futures for February delivery declined by 37 cents, or 0.8%, and settled at $47.88 per barrel. Meanwhile, …

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November, 2020

  • 30 November 2020 11:36 pm

    Gold Ends Fourth Month in Decline

    Gold prices fell on Monday, expanding its fourth consecutive monthly decline during November. The ending month saw a decreased demand for safe havens, especially the yellow metal, prompted by positive news about Coronavirus vaccines. Gold futures for February delivery declined by $7.20, or 0.4%, and closed at $1,780.90 per ounce, …

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  • 30 November 2020 11:07 pm

    Fed’s Barkin Recent Remarks

    The President of the Federal Reserve Bank of Richmond, Thomas Barkin, spoke to reporters earlier today, before a speech to a virtual event. ‘’It’s hard to find a huge drop in the real-time data.”“I’m thinking about credit-card spending which I get to see every week. It really hasn’t taken a …

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  • 30 November 2020 11:03 pm

    European Stocks Log Historic Performance in November

    European stocks ended their best month on record, which began in 1986, supported by positive news about Coronavirus vaccine candidates. The aviation sector alone made gains of about 45% during the ending month. The STOXX Europe 600 index closed lower on Monday by 0.6%, but rose by more than 14% …

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  • 30 November 2020 10:45 pm

    Dollar Moving to Marginal Gains Following Mixed Data

    The US Dollar (USD) is showing a mixed performance at the beginning of the week, following the release of housing and manufacturing data on Monday. The Dollar Index (DXY), which measures the USD performance in front of six major international currencies, is moving to the positive territory, after spending the …

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  • 30 November 2020 8:56 pm

    Dallas Fed Manufacturing Activity Index Declines

    Factory activity in the state of Texas expanded during November for the sixth consecutive month, according to data by the Federal Reserve Bank of Dallas. The production index declined from 25.5 to 7.2, indicating a deceleration in output growth. Other measures of manufacturing activity also point to slower growth this …

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  • 30 November 2020 8:42 pm

    US Pending Home Sales Falls in October

    The United States Pending Home Sales Index decreased by 1.1% to 128.9 in October, according to data released by the National Association of Realtors on Monday. On an annual basis, pending homes sales surged by 20.2% last month.

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  • 30 November 2020 7:21 pm

    US: Pending Home Sales Decline by 1.1% in October

    Pending Home Sales in the US fell by 1.1% on a monthly basis in October following September’s decline of 2%, the data published by the US National Association of Realtors showed on Monday. This reading came in worse than the market expectation for an increase of 1%.

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  • 30 November 2020 6:41 pm

    Germany’s Merkel: Economic Consequences of Pandemic to Stay With Us For Years

    The economic consequences of the coronavirus pandemic will be felt for years to come, German Chancellor Angela Merkel said on Monday, as reported by Reuters. “I hope we can find a solution to ensure the passing of the recovery fund and the EU budget,” Merkel added

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