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 »Wall Street Under Pressure: Economic Worries Send U.S. Stocks to Three-Month Lows
U.S. stocks came under heavy pressure as rising oil prices and fresh economic concerns rattled inves…
What to Watch Next Week: War Shock and Jobs Slump Shake Markets, Oil Surges as Dollar Faces Fresh Pressure
Global financial markets are entering a volatile phase as escalating conflict in the Middle East col…
Iran-US Turmoil: Key Economic Repercussions (First Week)
In the first seven days of the Iran–US turmoil, the most immediate economic repercussions have been …
Oil Surge and Weak U.S. Jobs Data Push Canadian Dollar Higher
The Canadian Dollar strengthened against the U.S. Dollar on Friday as disappointing U.S. employment …
U.S. Unemployment Rises as Job Growth Falters in February
The U.S. labor market showed unexpected weakness in February, with rising unemployment highlighting …
US Retail Sales Slip in January Amid Economic Uncertainty
Retail sales in the United States cooled slightly in January, recording a 0.2% month-on-month declin…
U.S. Job Growth Disappoints: Labor Market Shows Clear Slowdown
U.S. employment data for February came in far below expectations, sparking renewed debate over the s…
Fed Signals Gas Price Spike Unlikely to Trigger Sustained Inflation
Federal Reserve officials have indicated that recent spikes in gas prices are unlikely to cause last…
U.S. Stock Futures Fall as Middle East Tensions and Oil Surge Weigh on Markets
U.S. stock index futures moved lower on Friday, extending recent losses as escalating tensions in th…
Bitcoin Slips but Holds Above $70K as Middle East Tensions Cloud Market Outlook
Bitcoin declined in Asian trading on Friday but remained above the key $70,000 level, as investors s…
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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