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 Opens Strong: Stocks Rally Amid Falling Bond Yields and Rising Oil Prices
U.S. stocks climbed on Tuesday, driven by signs of a slowing labor market and easing bond yields. Th…
Pound Gains as Investors Watch Looming Fed and BoE Decisions
The British Pound rose on Tuesday, trading near 1.3350, as investors prepared for important central …
Euro Climbs as Swiss Franc Pullback, Safe-Haven Bounce Fades, Traders Eye Central Bank Moves
The Euro gained ground against the Swiss Franc on Tuesday, with EUR/CHF edging higher to around 0.90…
U.S. Futures Slip as Oil Surge and Hormuz Tensions Keep Markets on Edge
U.S. stock futures edged lower on Tuesday, pausing after a strong rally in the previous session, as …
Dollar Edges Higher as Oil Surge and Hormuz Tensions Fuel Inflation Concerns
The U.S. dollar strengthened modestly on Tuesday, supported by elevated oil prices and ongoing geopo…
European Stocks Mixed as Oil Rises After Allies Reject Hormuz Mission
European stock markets traded without a clear direction at the start of Tuesday’s session, as rising…
Gold Reclaims $5,000 as Oil Eases, Focus Turns to Central Bank Decisions
Gold prices climbed in Asian trading on Tuesday, moving back above key levels as easing oil prices p…
RBA Raises Rates to 4.1% as Inflation Risks and Iran Conflict Cloud Outlook
The Reserve Bank of Australia (RBA) raised interest rates by 25 basis points on Tuesday, as expected…
Oil Rebounds Above $100 as Iran Conflict Keeps Supply Risks in Focus
Oil prices surged in Asian trading on Tuesday, recovering from the previous session’s sharp losses a…
Looming Policy Turning Point: Can Central Banks Rescue the Global Economy?
The global economy stands at a critical crossroads. While growth is slowing in several major economi…
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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