The world’s efforts for discovering a cure are going at full capacity, with Gilead’s remdeisivr being a potential cure. In the US, the number of cases reached 40,000 again, and epidemiologist Anthony Fauci warned that the US could see 100,000 cases per day. While testifying on Capitol Hill, he told …
Read More »Oil Prices Hold Steady Amid OPEC+ Pause and Global Market Uncertainty
Crude oil prices remained largely stable on Monday as markets digested the latest moves by OPEC+ and…
AI Boom and Mega Mergers Spark a Wave of Optimism on Wall Street
U.S. stock markets posted solid gains as a new trading week began, lifted by dovish remarks from the…
US Session – Market Drivers: Dollar Climbs as Markets Await Central Bank Moves and Key Economic Signals
The U.S. dollar extended its rally, reaching fresh three-month highs as global investors assessed th…
Supreme Court Faces Crucial Test as Trump’s Tariff Power Redefines U.S. Trade Policy
The U.S. Supreme Court is preparing to decide one of the most pivotal trade cases in decades — a rul…
Pound Holds Steady as Markets Await Bank of England’s Pivotal Rate Decision
The British Pound began the week on a cautious note, hovering near the 1.31 mark as traders awaited …
Trump’s Fed Pick Could Reshape the Dollar, Yields, and Wall Street’s Future
As President Donald Trump narrows his shortlist for the next Federal Reserve chair, the implications…
Fed’s Goolsbee Urges Caution on Rate Cuts, Says Inflation Still a Concern
Federal Reserve Bank of Chicago President Austan Goolsbee struck a cautious tone on Monday, signalin…
Dollar hovers near three-month high as data drought keeps Fed cautious
The U.S. dollar steadied near a three-month peak on Monday, with traders bracing for a thin slate of…
Europe stocks muted ahead of PMI prints; October outperformance in focus, select earnings in the spotlight
European equities started the week on a cautious note Monday as investors looked to a fresh round of…
France Manufacturing Softens Again in October Despite Slight PMI Upgrade
France’s factory sector remained in contraction at the start of the fourth quarter, even as the fina…
Market Analysis
July, 2020
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								1 July 2020 2:39 pm
IFO Sees Europe’s Largest Economy Contracting by 6.7% in 2020
“Germany’s economy will gradually recover after a historic slump due to the coronavirus pandemic and will likely return to last year’s level at the end of 2021,” economic institute IFO said on Wednesday, according to Reuters. IFO sees GDP contracting by 11.9% in Q2 on a quarterly basis and to …
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								1 July 2020 2:13 pm
Eurozone PMI Manufacturing Finalized at 47.4
Eurozone PMI Manufacturing was finalized at 47.4 in June, up from 39.4 in May a report by IHS Markit said. The index was in contraction below 50 for 17 consecutive months. and had fallen to 33.4 in April. The report stated: “Eurozone manufacturing sector continues to contract sharply,” “There was …
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								1 July 2020 1:54 pm
UK Manufacturing Activity Picked Up in June
After the Great collapse due to COVID 19 pandemic, the UK manufacturing sector returned to recovery after it began to stabilize last June. IHS Markit’s Purchasing Managers Index (PMI) posted 50.1 compared to 40.7 in May, in line with economists’ expectations. PMIs are given on a scale of 0 to …
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								1 July 2020 1:13 pm
Dubai’s Economy Shrank by 3.5% in Q1 Amid Coronavirus Pandemic
The government media office in UAE said in a statement issued on Tuesday that Dubai’s real GDP decreased by 3.5% in Q1 year-on-year as the country was hit by the Covid-19 pandemic, according to Reuters. The government said some sectors such as real estate and finance have maintained their strength …
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