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 Climb as Geopolitical Flashpoints Rekindle Supply Fears
Global energy markets saw a noticeable uptick in oil prices as rising geopolitical tensions fueled f…
Markets Brace for First Inflation Reading After Historic Shutdown
Investors are closely watching the release of the November inflation report, which marks the first o…
Gold Surges Past $4,330 as Global Tensions and Economic Uncertainty Drive Safe-Haven Demand
Gold prices climbed sharply, breaking above the $4,330 level as investors sought safety amid a mix o…
Japan’s Record Budget Sparks Yen Concerns Despite Strong Economic Signals
The Japanese yen weakened in Wednesday’s trading, with the dollar/yen pair rising by around 0.7%, as…
Strategic Shift in Frankfurt: 5 Key Themes Redefining the ECB’s Policy Path
As the European Central Bank (ECB) prepares for its pivotal meeting tomorrow, Thursday, December 18,…
Sterling Slumps as “Triple Threat” of Data Sets Stage for BoE’s Pre-Christmas Rate Cut
The British Pound faced a sharp decline on Wednesday, retreating against the U.S. Dollar as a wave o…
US Equities Mixed as Energy Sector Rallies on Venezuela Sanctions
Wall Street saw a fragmented performance on Wednesday as geopolitical tensions bolstered energy and …
Solid Ground: Bostic Forecasts Strong Economic Growth Through 2026
Atlanta Federal Reserve President Raphael Bostic offered a confident outlook for the American econom…
U.S. Stock Futures Edge Higher Ahead of Fed’s Waller as Soft Data Shapes Rate-Cut Debate
U.S. stock index futures ticked higher on Wednesday as investors weighed a run of softer economic in…
European Stocks Edge Higher Ahead of Key Central Bank Meetings
European equity markets traded modestly higher on Wednesday, as investors positioned themselves ahea…
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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