“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 …
Read More »Wall Street Opens Higher as Iran De-Escalation Hopes Lift Risk Sentiment
U.S. equities opened firmly higher on Tuesday, as investor sentiment improved following reports that…
UK Regulator Targets Microsoft in Major Antitrust Probe into Business Software Dominance
Britain’s competition watchdog has announced plans to investigate whether Microsoft holds excessive …
Bitcoin Holds Steady as Geopolitical Risks Keep March Performance Subdued
Bitcoin traded largely unchanged on Tuesday, capping a muted performance for March as persistent ris…
U.S. Futures Rise on Potential Iran De-Escalation Despite Ongoing Hormuz Disruption
U.S. stock futures moved higher on Tuesday, supported by reports that Donald Trump is considering en…
European Stocks Hold Near Flat as Oil Surge and Iran Strategy Shift Shape Outlook
European equities traded in a tight range on Tuesday, as investors balanced surging oil prices again…
Gold Edges Higher on Bargain Buying, but Faces Pressure from Rates and Energy-Driven Inflation
Gold prices inched higher on Monday, supported by bargain hunting and slightly softer expectations f…
Oil Slips as Trump Weighs De-Escalation, but Hormuz Closure Caps Losses
Oil prices edged lower in Asian trading on Tuesday, reversing earlier gains as reports suggested tha…
Yen Surge Pushes EUR/JPY Lower as Market Tensions Rise
The EUR/JPY currency pair moved lower at the start of the week, falling below the 184 level as the J…
Earnings Season Under Pressure: How Middle East Conflict Is Shaking Global Markets and Corporate Profits
As the first quarter of 2026 comes to an end, companies worldwide are preparing to report earnings a…
Jerome Powell Flags Inflation Risks as Energy Shock Tests Global Economy
Global financial markets remain highly sensitive to shifting economic signals as Jerome Powell warne…
Market Analysis
July, 2020
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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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