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Market Analysis

November, 2020

  • 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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  • 30 November 2020 6:05 pm

    Germany: Annual HICP declines to -0.7% in November

    Inflation in Germany, as measured by the Consumer Price Index (CPI), was -0.8% November, Destatis reported in its flash estimate on Monday. This reading followed the 0.1% increase seen in October and missed the market expectation of -0.7%. Further details of the publication revealed that theHarmonized Index of Consumer Prices …

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  • 30 November 2020 5:39 pm

    S&P Global Buys IHS Markit in $44bn Deal

    S&P Global Inc. has agreed to buy IHS Markit Ltd. for about $44bn in stock, a deal that accelerates the wave of consolidation among the finance industry’s biggest data providers. The mega transaction, which IHS Markit CEO Lance Uggla told employees in a note that has been in the works …

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  • 30 November 2020 4:57 pm

    Huawei no Longer Allowed to be Added to UK 5G Network From September

    Britain has laid out detailed plans to ban Huawei from its 5G networks, and has set a deadline in September 2021 for telecom operators to stop installing the Chinese company’s equipment. The UK government decided to ban Huawei’s 5G equipment over the summer, and reverse course after mounting pressure from …

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  • 30 November 2020 4:13 pm

    Oil prices decline 2% Before OPEC+ Meeting Results

    Crude oil prices fell on Monday, November 30, as investors awaited the decision of the OPEC+ producers’ group on whether to extend large production cuts to balance global markets, but the hopes of the vaccine helped keep the two benchmarks on a path of more than a fifth since the …

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  • 30 November 2020 3:01 pm

    Turkey’s Economy Grows 6.7% in Q3

    Data showed that Turkey’s economy grew more than expected at 6.7% in the third quarter, to recover after shrinking about 10% in the previous quarter due to the general isolation measures that were imposed to reduce infections during the first wave of the outbreak of the Coronavirus. This sudden growth, …

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  • 30 November 2020 2:11 pm

    Turkey’s Trade Deficit Rose by 34% in October

    Data from the Turkish Statistical Institute showed that the country’s foreign trade deficit rose 34.4% year-on-year in October to $ 2.37 billion under the general trade system. The institute stated that Turkey’s exports increased by 5.6% and imports rose 8.4% compared to October 2019. In the first ten months of …

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  • 30 November 2020 1:41 pm

    European Shares Fall at The End of a Glorious Month

    The benchmark index of European stocks opened lower on Monday, November 30, amid a focus on negotiations over the Brexit deal, but it is still on track to record its best monthly performance ever thanks to the prospect of easing coronavirus restrictions and the hopes of a Covid-19 vaccine. After …

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