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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 …
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2 May, 2026 12:33 am
Gold Attempts to Glitter as Dollar Weakens
Gold prices climbed above the $4,600 mark, extending gains as Japan’s intervention in currency marke…
2 May, 2026 12:01 am
A Landmark Trade Gesture: China Expands Zero-Tariff Access for Africa
China has announced it will scrap tariffs for nearly all African countries, extending duty-free acce…
1 May, 2026 11:38 pm
Trump Targets EU Autos with 25% Tariff Shock
President Donald Trump announced he will raise tariffs on cars and trucks imported from the European…
1 May, 2026 11:03 pm
Only Slight Advance: Trade Threats and War Headlines Keep Greenback in Retreat
The US Dollar managed a modest bounce on Friday after sliding to its lowest point in two weeks, but …
1 May, 2026 10:08 pm
Trump Rejects Iran’s Peace Proposal, Warns of Escalation
Hopes for a breakthrough in the war between the United States and Iran dimmed on Friday as President…
1 May, 2026 9:26 pm
Spirit Airlines Faces Final Descent as Rescue Plan Collapses
Spirit Airlines, long known for its ultra-low-cost fares, is preparing to shut down operations after…
1 May, 2026 8:21 pm
Euro Climbs as Dollar Falters Under Geopolitical Pressure and Market Surprises
The euro extended its upward momentum against the US dollar, climbing to its highest levels in over …
1 May, 2026 7:19 pm
Yen Holds Steady After Tokyo’s Bold Intervention
The Japanese yen found stability after authorities stepped in to halt its rapid decline against the …
1 May, 2026 6:33 pm
Bitcoin Bounces Back Above $77K: Wall Street Records and Apple’s Stellar Earnings Reignite Crypto Rally
Key Takeaways Bitcoin rebounds: The world’s largest cryptocurrency rose 1.8% to $77,143 after …
1 May, 2026 5:50 pm
Wall Street Rides High: Apple Soars 3%, Reddit Skyrockets 17% as S&P 500 and Nasdaq Carve Fresh Records
Key Takeaways Futures edge higher: S&P 500 futures gained 0.1% to 7,250.75, Dow Jones futures ro…
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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