“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 »Oil Rockets Again: A Global Energy Shock Reshaping Markets in 2026
Global oil markets have entered a renewed phase of aggressive upside momentum, with crude prices “ro…
Is Yentervention Back? Japan Faces Rising Pressure as USD/JPY Hits Critical Zone
The Japanese yen is once again under intense pressure as USD/JPY moves toward the 160 level, a zone …
AMD Surges on AI Boom as Data Center Demand Fuels Record Growth
Strong Earnings Beat Expectations and Lift Investor ConfidenceShares of Advanced Micro Devices (AMD)…
Sticky Inflation and Middle East Tensions Cloud Hopes for US Rate Cuts
Fresh US inflation data is raising new concerns across global markets, as persistent price pressures…
French Lawmakers Summon TotalEnergies CEO Over Wartime Profit Surge
French lawmakers are set to question Patrick Pouyanne, the head of TotalEnergies, over the company’s…
Gold Slides Below $4,700 as Hot US Inflation Boosts Dollar and Bond Yields
Gold prices moved sharply lower on Tuesday, dropping below the $4,700 level after stronger-than-expe…
US Dollar Surges as Hot Inflation Revives Hawkish Fed Bets and Safe-Haven Demand
The US dollar hits multi-day high on inflation shock. Rising 0.43%, to 98.313, the dollar strengthen…
U.S. Inflation Erupts Past Forecasts: April CPI Jumps to 3.8% as Iran War Energy Shock Bleeds Through
Key Takeaways Headline CPI accelerates: U.S. consumer prices rose 3.8% year-on-year in April — beati…
Oil Erupts as Trump Declares Iran Truce on “Life Support”: Brent Surges Past $107 with War Comeback Looming
Key Takeaways Crude rockets higher: Brent crude rose 2.9% to $107.17 per barrel, while WTI advanced …
Samsung on a Knife’s Edge: Last-Ditch Talks Race to Avert 18-Day Strike That Could Shake Global Chip Supply
Key Takeaways Stock slides: Samsung Electronics shares fell more than 2% in Seoul to 279,500 won, un…
Market Analysis
July, 2020
-
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 …
Read More » -
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 …
Read More » -
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 …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations