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 »Gold Holds Steady Ahead of Key U.S. Data and Fed Meeting as Rate-Cut Bets Strengthen
Gold prices were little changed in Asian trade on Wednesday as investors remained cautious ahead of …
Oil Slips as Markets Weigh U.S.–Russia Peace Talks and Ongoing Supply Risks
Oil prices edged lower in Asian trading on Wednesday, extending losses from the previous session as …
U.S. Bond Yields Surge Amid Global Sell-Off and Easing Financial Conditions
U.S. Treasury yields climbed noticeably at the start of December, driven by a broad global sell-off …
AI Cloud Challenger Surges Ahead as Dividend Season Looms
In the fast-evolving world of artificial intelligence and cloud computing, a new contender has quiet…
Wall Street Rebounds as Risk Appetite Returns to Markets
U.S. stocks regained momentum after the previous day’s pullback, closing higher as investor sentimen…
Markets Steady as Investors Await Key US and Global Economic Signals
Currency and commodity markets moved cautiously on Tuesday as investors positioned themselves ahead …
Euro Holds Its Ground as Markets Await Key Economic Signals
The euro held steady against the US dollar on Tuesday, pausing after a strong multi-day rally that r…
Global Growth Holds Steady Despite Tariff Pressures
The global economy is showing unexpected strength this year, proving more resilient than many antici…
Bitcoin Rises as Powell’s Silence Fuels Hopes of Policy Easing
Bitcoin regained momentum after U.S. Federal Reserve Chair Jerome Powell refrained from offering any…
Gold Rebounds as Markets Bet on Looming Fed Rate Cut
Gold prices recovered part of their earlier losses on Tuesday, lifted by growing expectations that t…
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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