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Market Analysis

November, 2020

  • 26 November 2020 4:53 pm

    Turkey Net Foreign Exchange Reserves Rose to $18.4 Billion Last Week From $16.4 Billion

    Data showed that the net foreign reserves of the Turkish Central Bank amounted to 18.45 billion dollars on November 20, up from 16.43 billion dollars a week earlier when it reached its lowest level since March 2004. The exchange rate used by Reuters today is 7.6699 compared to 7.7896 the …

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  • 26 November 2020 4:02 pm

    Oil Stops Rising Due to Signs of Growing Supplies

    Oil fell from its highest level in seven months Thursday, November 26, as signs of growing supplies helped halt a rise led by optimism that demand for fuel would recover thanks to coronavirus vaccines. Brent crude futures rose to about $ 50 a barrel this week, after three major pharmaceutical …

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  • 26 November 2020 3:10 pm

    China Achieves 26% of Its 2020 Target For US Energy Imports Under The Trade Agreement

    China has ramped up imports of crude oil, propane and LNG from the United States since July, but total purchases of energy products through October are still well below the targets set for 2020 included in the Phase 1 trade agreement with Washington. According to Reuters calculations, which was based …

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  • 26 November 2020 2:40 pm

    European Stocks Rising on Tech But Virus Fears Capped Gains

    European stocks rose in early trade Thursday, November 26, but the gains were limited after sentiment was undermined by the extension of coronavirus-related restrictions in Germany and frustrating economic growth prospects for Britain. The European Stoxx600 index rose 0.1%, as technology and healthcare sectors led gains. The benchmark halted a …

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  • 26 November 2020 1:59 pm

    Japan Stocks Closed at Highest Level in More Than 29 Years

    Japanese stocks rose Thursday, November 26, to close at the highest level in more than 29 and a half years, as technology stocks went on the path of their American counterparts on the Nasdaq index, but the gains were limited by concerns about the latest restrictions to combat the Coronavirus …

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  • 26 November 2020 1:30 pm

    Dollar Declining With Warnings of a Further Decline

    The dollar fell on Thursday, November 26, as negative US economic data and optimism about coronavirus vaccines prompted investors to turn to more risky currencies associated with global commodities and emerging markets. The British pound traded near its highest level in more than two months against the dollar, as investors …

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  • 26 November 2020 12:24 pm

    Gold Rises as Stimulus Hopes Increased on US Data and Virus Fears

    Gold prices rose Thursday, November 26, supported by the dollar’s decline, as investors bet that the disappointing US jobs data and the increase in Covid-19 cases around the world are prompting the authorities to announce more stimulus measures. Spot gold rose 0.2% to $ 1809.61 an ounce. US gold futures …

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  • 26 November 2020 12:11 pm

    Oil at Its Highest Level Since March as Eyes Heading Towards OPEC+ Meeting

    Oil continues the series of gains in recent days, which pushed it to its highest level since March, and the sector is looking forward to an OPEC+ meeting at the end of November to discuss increasing production by two million barrels from January.

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  • 26 November 2020 11:35 am

    British Car Production Down 18% in October

    The Society of Motor Manufacturers and Traders in Britain said that Britain’s production of cars fell at an annual rate of 18.2% in October, as the Coronavirus pandemic and lockdown measures continued to affect demand. October’s performance rounds off an “extremely tough” 10 months for UK carmakers and suppliers, with …

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  • 26 November 2020 10:39 am

    Australia’s Private Capex Misses Estimates With -3% in Q3

    Australia’s Private Capital Expenditure fell more-than-expected in the third quarter, the latest data published by the Australian Bureau of Statistics (ABS) showed on Thursday. Total new capital expenditure fell by 3% in the September quarter 2020 vs. -1.5% expectations and a 5.9% slump witnessed in the June quarter.

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  • 26 November 2020 10:10 am

    The Nikkei is Down 0.16% in Early Trading in Tokyo

    The Nikkei index fell in early trading in Tokyo on Thursday. The Nikkei slipped 0.16% to 26,255.47 points, while the broader Topix index fell 0.39% to 1760.86 points.

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  • 26 November 2020 3:27 am

    Minutes: Fed Could Expand Bond-Buying Program

    The United States Federal Reserve Board and the Federal Open Market Committee (FOMC) on Wednesday released the minutes of the committee meeting held on November 4-5. Policymakers have discussed in their most recent meeting potential adjustments to the asset purchase program, as shown by the minutes released on Wednesday. The …

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  • 26 November 2020 3:04 am

    Oil Maintains Gains at Highest Level Since Early March

    Oil prices continued to rise on Wednesday, reaching their highest level in about nine months. Brent crude futures for January delivery increased by 75 cents, or 1.6%, to finish at $48.61 per barrel. The West Texas Intermediate (WTI) crude futures for January delivery gained 80 cents, or 1.8%, to close …

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