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 »Silver Breaks Records as Investors Flock to Precious Metals
Silver prices surged to fresh all-time highs this week, underscoring a powerful rally that continues…
Markets Look Ahead to 2026 as Currencies, Gold, and Crypto Close a Turbulent Year
Global financial markets are heading into the final stretch of the year with a mix of cautious optim…
U.S. Inflation Data Unlikely to Shift Federal Reserve’s Near-Term Course
The latest U.S. inflation figures are not expected to significantly alter the Federal Reserve’s poli…
Gold Caught in a Tight Range as Dollar Strength Tempers Inflation Optimism
Gold prices ended the week moving sideways near the $4,350 level, reflecting a market caught between…
US Inflation Nears the Finish Line, but Questions Remain
Inflation in the United States appears to be cooling and edging closer to the Federal Reserve’s long…
Tech Rally Powers Wall Street Gains
U.S. stocks closed higher on Friday, fueled by a surge in technology shares for the second consecuti…
Dollar Finishes the Week on Stronger Ground as Markets Weigh Inflation Signals
The U.S. dollar closed the week with renewed strength, advancing against all major currencies as glo…
U.S. Stock Futures Advance on Softer Inflation, but Weekly Losses Still Loom
U.S. stock index futures edged higher on Friday, extending gains from the previous session after sof…
European Stocks Take a Breather, But Weekly Gains Hold After Central Bank Blitz
European equities were largely flat on Friday as investors stepped back after a dense week of centra…
Bitcoin Stuck Below $90,000 as Soft U.S. Inflation Fails to Spark Breakout
Bitcoin traded in a narrow range on Friday, hovering near the $87,000 level, as investors continued …
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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