“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 »Warsh’s Criticism of Powell Signals End of Easy Money
For years, investors operated under the assumption that the Federal Reserve would always step in whe…
Ford’s Q1 Earnings: Restructuring and Global Pressures Shape Outlook
Ford Motor Company is set to release its first-quarter earnings after markets close, with investors …
Will Brent’s Surge to $119 Signal a New Era of Oil Prices?
Oil markets swung sharply earlier today, with Brent crude spiking to $119 per barrel before settling…
Could Fragile Labor Market, Inflation Readings Push Fed Toward Rate Cuts?
Central banks occupy a prominent—if not the most prominent—position among market drivers this week. …
No Rate Cut Yet: Bank of Canada Flags Upside Inflation Risks
The Bank of Canada left its benchmark interest rate unchanged at 2.25% on Wednesday, choosing to rem…
Oil Prices Soar, Markets Freeze: Powell’s Fed Holds the Line
Markets drifted cautiously on Wednesday, caught in a holding pattern ahead of the Federal Reserve’s …
Dollar Steady Ahead of Powell’s Final Stand: Fed Decision and Iran Blockade Set Stage for Currency Showdown
Key Takeaways Dollar index firms slightly: The DXY ticked up 0.1% to 98.70, with the euro down 0.1% …
Bitcoin Treads Water Near $77K: Fed Showdown and Iran Blockade Keep Crypto on Edge
Key Takeaways Steady but stuck: Bitcoin held near $77,000, last trading 0.5% higher at $76,614, as i…
Gold Stuck in Mud Near One-Month Low as Iran Blockade and Fed Caution Crush Safe-Haven Appeal
Key Takeaways Bullion under pressure: Spot gold slipped 0.1% to $4,593.04 per ounce, while gold futu…
Trump Tightens the Noose: Long Iran Blockade Looms as Oil Roars Past $114
Key Takeaways Strategic shift: Trump has directed aides to prepare for a prolonged blockade of Iran,…
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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