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Market Analysis

January, 2021

  • 26 January 2021 3:41 pm

    German Health Ministry: Can’t Confirm Reports on AstraZeneca Vaccine’s Lower Efficacy

    Responding to the media reports on the efficacy of AstraZeneca’s coronavirus vaccine, Germany’s Health Ministry said that they can’t confirm the local reports. “Data doesn’t suggest the efficacy of just 8% for older people.”

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  • 26 January 2021 2:54 pm

    IEA: Global Demand for Natural Gas May Grow by About 3% this year

    An analyst from the International Energy Agency announced that global gas demand is expected to grow by 2.8% this year, equivalent to about 110 billion cubic meters, to recover towards 2019 levels. The expected recovery will not be significant and that the more mature markets will only see a gradual …

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  • 26 January 2021 2:19 pm

    Oil Falls Amid a Row Over US Stimulus And a Spike in Covid-19 Cases

    Oil prices plunged on Tuesday, January 26th, as the chances for rapid approval of a new economic stimulus receded in the United States, while a surge in coronavirus cases raised doubts about the pace of any recovery in demand. Brent crude fell 28 cents, equivalent to 0.5%, to more than …

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  • 26 January 2021 1:34 pm

    Japan Stock Closed Lower Due to Vaccine Delay And Caution Ahead of Earnings Season

    Japan

    Japanese stocks closed lower on Tuesday, January 26, as they witnessed profit-taking sales due to concerns about delays in the distribution of anti-coronavirus vaccines, as well as in an American stimulus package and a state of tension before the start of the corporate earnings announcement season. The Nikkei index fell …

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  • 26 January 2021 1:16 pm

    European Shares Rise as UBS Rise

    European stocks rose on Tuesday, January 26th, after a two-session decline, as Swiss Wealth Management UBS announced a rise in quarterly net profit, but the gains were curbed by concerns about extending the lockdown and US stimulus measures. The European Stoxx600 index rose 0.2%, after closing at its lowest level …

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  • 26 January 2021 12:40 pm

    Gold Rising on US stimulus Hopes

    Gold rose on Tuesday, January 26th, as the yellow metal’s appeal was strengthened as a hedge against inflation thanks to expectations of eventually passing a large US stimulus package, despite the strong dollar curbing the gains. This rose in spot transactions 0.1% to 1856.33 dollars an ounce and US gold …

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  • 26 January 2021 4:23 am

    Italian PM Conte to Resign Aiming to Form New Coalition

    The Prime Minister of Italy, Giuseppe Conte, is set to resign from his post on Tuesday, his office announced on Monday. The Prime Minister is looking forward to being re-appointed by President Sergio Mattarella to form a new coalition government. The current government lost its majority in the Italian Senate …

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  • 26 January 2021 2:16 am

    BoE Governor Questions Stability of Cryptocurrencies

    The Governor of the Bank of England (BoE), Andrew Bailey, said on Monday that cryptocurrencies are providing a modern way of payment, but not as currencies, Reuters reported. Bailey’s remarks came during an online event organized by the World Economic Forum’s Davos summit on Monday. “Have we landed on what …

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  • 26 January 2021 2:08 am

    Bitcoin Shows Recovery Signs and Ether Gives Up Record High

    Bitcoin rose on Monday, reducing its recent losses that came amid a strong correction wave and selling pressures that brought the price of the world’s largest digital currency below $30,000. Over the past 24 hours, Bitcoin rose by about 3% to near $32,600, cutting its losses over the past seven …

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  • 26 January 2021 1:55 am

    Oil Finishes Higher Amid Supply Disruptions

    Oil prices rose on Monday amid concerns about global supplies, with Iraq planning to cut output and Libya seeing production disruptions. In addition, crude prices continue to be supported by the prospect of increased government stimulus in the United States by the new administration. Brent crude futures for March delivery …

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  • 26 January 2021 12:11 am

    Takeaways from ECB’s Lagarde Comments

    The President of the European Central Bank (ECB), Christine Lagarde, expressed a positive sentiment towards this year being one of economic recovery from the impact of the Coronavirus pandemic. Lagarde’s remarks came during a panel discussion during the Davos Agenda summit on Monday, CNBC reported. “Our hope is that still …

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  • 25 January 2021 11:40 pm

    Gold Down for Third Session in Row

    Gold prices declined on Monday, as the U.S. Dollar (USD) showed some rebound signs and rose across the board. This is the third consecutive decline for the yellow metal futures. Gold futures for February delivery lost $1, or 0.1%, to close at the level of $1,855.20 per ounce. Last week, …

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  • 25 January 2021 9:56 pm

    USD Rises Amid Reduced Risk Appetite

    The U.S. Dollar (USD) has switched its losses earlier in the first session of the week to show a mostly positive performance on Monday. In the absence of major economic data in the United States, the market continues to be dominated by concerns about the Coronavirus pandemic, which is curbing …

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