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Market Analysis

September, 2020

  • 4 September 2020 6:57 pm

    French Economy Could Do Better than Expected

    The French Minister of Finance, Bruno Le Maire, said on Friday that he expects France’s economy to perform better than initially expected. “I think we will do better in 2020 than the 11% recession forecast at the moment,” said the French minister in a TV interview as cited by Reuters. …

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  • 4 September 2020 6:40 pm

    USD Rises on Positive Employment Data

    A better than expected decline in the unemployment rate in the United States and a higher than expected labor force participation rate are providing a much needed support for the US Dollar (USD) to maintain its recent rising trend on Friday. The Dollar index (DXY), which measures the performance of …

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  • 4 September 2020 6:10 pm

    S& P 500 Open Higher as Unemployment Fell More Than Expected

    The S&P 500 Index rose shortly after the open, following sharp sales in the last session as data showed that the unemployment rate in the United States fell more-than-expected in August. The S&P 500 Index opened down 1.46 points, or 0.04%, to 3,453.60 points, while the Dow Jones Industrial Average …

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  • 4 September 2020 5:52 pm

    Russia: Demand for Oil May Decrease by 10 M Barrels Per Day in 2020

    Russian Energy Minister Alexander Novak said that the global demand for oil may decrease by between nine and ten million barrels per day due to the negative impact of the Coronavirus. Novak also said in an online conference that oil prices may rise to around $ 65 a barrel next …

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  • 4 September 2020 5:00 pm

    Canada Unemployment Rate Edges lower to 10.2%

    Net Change in Employment in Canada rose by 245,800, compared to analysts’ estimate of 275,000, in August and brought the Unemployment Rate down from 10.2% in August from 10.9% in July, Statistics Canada reported on Friday. “The number of Canadians who were employed but worked less than half their usual …

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  • 4 September 2020 4:44 pm

    US NFP Surges by 1.37 M in August

    The US Non-Farm Payrolls report (NFP) released by the United States Bureau of Labor Statistics on Thursday increased by 1,371,000 in August. This reading fell short of the market expectation of 1.4 million and followed July’s print of 1,734,000 (revised from 1,763,000). Other details of the release indicated that the …

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  • 4 September 2020 3:15 pm

    Weak Increase in German Industrial Orders Dashed Hopes For a Strong Recovery

    Data showed that German industrial goods orders increased less than expected at 2.8% on a monthly basis in July, further hampering hopes that Europe’s largest economy could recover strongly in the third quarter from the coronavirus crisis. The increase comes compared with a Reuters forecast of a 5% rise and …

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  • 4 September 2020 2:32 pm

    US Dollar heading Towards biggest Weekly Rise in 4 Months

    The US dollar extended its gains, and heading towards its largest weekly gain in nearly four months as an overnight drop in US tech stocks, which rose significantly, fueled a bout of risk aversion in global markets. Nasdaq index decline, as it fell nearly 5% during the session after closing …

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  • 4 September 2020 1:50 pm

    Japan Shares Closing Lower But Nikkei is up 1.4%

    Japanese stocks closed lower, after a wave of selling in technology shares that rose a lot on Wall Street pushed the market to its biggest drop in nearly three months. However, Tokyo markets closed the week higher. The benchmark Nikkei index closed 1.1% down at 23,205.43 points, shy of its …

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  • 4 September 2020 1:16 pm

    European Shares Opened Lower on Weak Technology Sector

    European stocks opened lower, as turmoil continued, fueled by technology stocks from the previous session, while banking stocks were supported by merger talks between two major banks in Spain. The pan-European STOXX 600 index fell 0.9% in early trade after having seen its worst session in more than a month …

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  • 4 September 2020 12:35 pm

    Gold Rises as Stocks Decline

    Gold prices rose, as US Treasury bond yields and global stocks declined, which boosted demand for the precious metal, which is considered a safe haven ahead of job data in the non-agricultural sectors in the United States, but the strong dollar puts gold on a weekly decline path. In spot …

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  • 4 September 2020 11:48 am

    Nikkei Down 1.43% in Early Trading in Tokyo

    The Nikkei benchmark fell in early trading on the Tokyo Stock Exchange on Friday, September 4th. Nikkei fell 1.43% to 23130.32 points, while the broader TOPIX index fell 1.22% to 1611.33 points.

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  • 4 September 2020 10:58 am

    Dow Jones Down About 1,000 Points

    Wall Street’s main indexes closed sharply lower Thursday, September 3, marking the worst daily drop since June, as investors sold technology stocks that were making big gains, while economic data highlighted concerns about the length and difficulty of the recovery. The Dow Jones Industrial Average fell 807.77 points, or 2.78%, …

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