“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 »Fed’s Williams Flags a Deepening Community Crisis Beyond Inflation
The US economy is navigating an increasingly fragile balance between monetary stability and geopolit…
Gold Stuck in a Tight Range as Iran Talks and Oil Risks Cloud the Outlook
Gold prices are moving sideways, caught in a narrow range as investors hold back from making strong …
Stephen Miran Signals Up to Four Rate Cuts as Fed Balances Inflation Risks
Stephen Miran has signaled that the Federal Reserve may move toward cutting interest rates later thi…
ECB’s Waiting Game in Frankfurt: Markets Left Guessing on Interest Rate Path
With the next policy meeting fast approaching, the European Central Bank finds itself walking a tigh…
Dollar Steadies Near March Lows as U.S.-Iran Peace Hopes Ignite Global Risk Appetite
Key Takeaways: Greenback stabilizes: The U.S. Dollar Index ticked up fractionally but remains near i…
Wall Street Wavers at Record Highs as S&P 500 Breaches 7,000 Amid Geopolitical Optimism and Earnings Beats
Key Takeaways: Record-breaking rally: The S&P 500 closed above 7,000 for the first time in histo…
Aluminum Prices Smash Four-Year Highs as Geopolitical Turmoil Threatens Global Supply Chains
Key Takeaways: Prices hit multi-year peaks: LME aluminum breached $3,636 per metric ton, its highest…
Gold Shines as Dollar Sinks: Metals Rally on China GDP Beat and Shifting Middle East Dynamics
Key Takeaways: Gold nears one-month highs: Spot gold climbed 0.9% past $4,835 an ounce as a prolonge…
Oil Claws Back on China Growth Surprise, Yet Fragile U.S.-Iran Peace Hopes Cap Gains
Key Takeaways: Crude edges higher: Oil prices reversed early losses in Asian trading, with Brent fut…
European Equities Edge Higher as U.S.-Iran Diplomatic Hopes Clash with Strict Naval Blockade
Key Takeaways: Markets mostly in the green: The Stoxx 600, CAC 40, and FTSE 100 posted modest early …
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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