“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 …
Read More »Bitcoin Rises Ahead of Key Fed Decision as Rate-Cut Bets Hold Firm
Bitcoin climbed on Monday, recovering from last week’s pullback as traders maintained strong expecta…
Oil Falls as Traders Weigh Ukraine Peace Efforts and Imminent Fed Rate Cut
Oil prices moved lower on Monday as traders tracked slow-moving efforts to end the war in Ukraine an…
European Stocks Steady as Markets Await Key Federal Reserve Decision
European equities traded without clear direction on Monday, with investors opting for caution ahead …
Gold Rises Modestly as Markets Brace for Fed Rate Cut This Week
Gold prices moved slightly higher in Asian trading on Monday, supported by a softer U.S. dollar trad…
Weekly market wrap: The U.S. Dollar Suffers Heavy Losses amid anticipation of Fed’s Decision
The US dollar ended last week lower, pressured by a mix of economic data and political developments.…
Dollar Slips Slightly as Rate-Cut Expectations Weigh on Sentiment
The US dollar edged lower on Friday, losing less than 0.1%, though it remained comfortably above the…
Wall Street Cheers Cooling Inflation as Dow Rises 150 Points
The Dow Jones Industrial Average closed higher on Friday, adding around 150 points as investors welc…
Gold Holds Steady Above $4,200 as Markets Brace for the Fed’s Decision
Gold prices remained firm above the important $4,200 mark on Thursday, reflecting a calm but watchfu…
Crude Rises as Peace Talks Collapse and Macron’s Warning Rekindles Geopolitical Risk
Oil prices climbed on Friday, lifted by geopolitical shocks that overshadowed otherwise bearish supp…
Soft landing in sight as PCE cools and markets firm ahead of the December decision
The delayed September U.S. Personal Consumption Expenditures (PCE) report landed with the calmer inf…
Market Analysis
July, 2020
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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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