The markets were optimistic after headlines from China which gave optimism to share, the rise of Asian shares, in turn, raised the S&P 500, which affects USD and the safe haven. Coronavirus cases continue to increase at an alarming rate in US.<\/p>\n\n\n\n
US<\/strong>: GS is not optimistic about the US economy and has revised its GDP growth forecasts to a 4.6% contraction this year, this is attributed to the increase in coronavirus cases with lower consumption<\/p>\n\n\n\n ISM Non-Manufacturing Purchasing Managers’ Index<\/strong>, is awaited today and is expected to show a recovery in the services sector. NFP showed an increase of 4.7 M jobs<\/p>\n\n\n\n Europe<\/strong>: Spain imposed a second domestic lockdown to control Covid-19 outbreak, and European Central Bank President Christine Lagarde said that Eurozone faces two years of inflation and pledged to support the region’s economy<\/p>\n\n\n\n UK: <\/strong>Bank of England Governor Andrew Pelly has sent a letter asking commercial banks to prepare for negative interest rates, according to the Sunday Times. The country had reopened the economy after the lockdown due to Coruna.<\/p>\n\n\n\n Oil <\/strong>prices benefit from optimism, as WTI traded above $ 40. Gold <\/strong>is also fixed above $ 1770.<\/p>\n","protected":false},"excerpt":{"rendered":" The markets were optimistic after headlines from China which gave optimism to share, the rise of Asian shares, in turn, raised the S&P 500, which affects USD and the safe haven. Coronavirus cases continue to increase at an alarming rate in US. US: GS is not optimistic about the US economy and has revised its …<\/p>\n","protected":false},"author":9,"featured_media":30660,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,36],"tags":[6882],"class_list":["post-30835","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-market-updates","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/30835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=30835"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/30835\/revisions"}],"predecessor-version":[{"id":30836,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/30835\/revisions\/30836"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30660"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=30835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=30835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=30835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}