The U.S. economy is expected to post another roaring growth spurt in the second quarter, before a slow and steady dose of reality starts to sink in. Most economists believe that the U.S. economy is currently very close to, if not actually above, its maximum sustainable level of employment and capacity utilization. If they are…
European stocks stabilized on Tuesday after their worst sell-off this year in the previous session, The pan-European STOXX 600 index rose after worries about the fast-spreading coronavirus Delta variant and slowing economic growth. Swiss bank UBS climbed after it posted a jump in second-quarter net profit, helped by a booming wealth management business. Peers Credit Suisse…
The surprisingly strong Chinese data implied that global demand remained strong and helped reassure investors that the world economy was healing from the COVID-19 pandemic, despite the spread of the Delta variant Global shares pushed to a record high on Tuesday, buoyed by better than expected, Chinese export data as markets awaited the release of…
OPEC+ was plunged into crisis as a worsening fight between Saudi Arabia and the United Arab Emirates blocked an oil-supply increase. A spike in oil prices risks fanning wider moves across asset classes should investors believe the crude oil market will tighten further after OPEC+ failed to agree on a deal to increase production. The…
Gold was down on Tuesday morning in Asia, sending prices tumbling remaining close to the one-week low hut during the previous session and is set for its worst month since 2016. A strengthening dollar and concerns over whether the U.S. Federal Reserve would tighten its monetary policy sooner than expected also weighed on the yellow…
Stocks found a footing and swinging bond markets calmed down on Wednesday, with testimony from U.S. Federal Reserve chair Jerome Powell providing investors with reassurance that the central bank has an eye on inflation but is not hastening to hike rates. The Fed had knocked stocks and boosted the dollar last week with a surprise…
The dollar held firm on Monday after posting its biggest weekly rise in six weeks as traders cut their bearish bets before a much-anticipated U.S. Federal Reserve meeting that might signal a change in the outlook for U.S. monetary policy. The U.S. Federal Reserve starts its latest two-day policy meeting on the Tuesday (15/06/2021) and ahead of…
WHAT COMES NEXT FOR THE FED? Traders and investors are waiting to hear what the Federal Reserve Chair Jerome Powell has to say on Thursday (10-06-2021) at the annual Jackson Hole meeting , In March of 2020, the Federal Reserve took its benchmark rate down to zero and the next question is what comes next…
U.S. NON-FARM PAYROLLS On Friday, the US employment report will be released (The non-farm payroll or NFP) is a monthly measure of US Labour market health released by the Bureau of Labour Statistics. The NFP report is among the most market-moving data points for the US Dollar, US equities, Treasuries and gold. As a result, many…
Crypto recovery stalls as miners’ eye exits Cryptocurrencies fought to find a footing on Monday after even weekend cheerleading from Tesla (NASDAQ: TSLA) boss Elon Musk seemed unable offset selling pressure from spooked investors or nerves stemming from a gathering crackdown on the asset class in China. Musk had lent a bid on Saturday by…
With Few New Clotting Cases, Johnson & Johnson Pause Could Be Lifted Soon. Federal health officials are leaning toward lifting their recommended pause on the use of Johnson & Johnson’s coronavirus vaccine after finding only a limited number of additional cases of a rare blood clotting disorder among recipients. Instead, the Food and Drug…
Biden’s Infrastructure Plan, who will be affected. Joe Biden unveiled what he called a “once-in-a-generation” investment in American infrastructure, promising a nation still struggling to overcome the coronavirus pandemic that his $2tn plan would create the “strongest, most resilient, innovative economy in the world. Speaking at a carpenters’ training center outside of Pittsburgh, where he…
Why Top Economists Are Citing a Higher-Than-Reported Jobless Rate America’s official unemployment rate shows lower than last year’s rate at 6,3 percent while is reading almost the same with 2009 percentage. Top government economic officials are citing nearly 10 percent which is well above the 6,3. Jerome H. Powell, Federal Reserve Chair, Janet…
Futures Rise Ahead of Another Busy Earnings Week Stocks are set to open Monday morning moderately up,as U.S. equities futures rose Sunday evening. Dow Jones Industrial Average futures have gained 52 points, or 0.2%, while S&P 500 futures are up 0.3%. Nasdaq Composite Futures also rose 0.3%. Investors have a week filled with earnings coming…
Weekly Market Update (January 18, 2021 – January 22, 2021) Hawkish market sentiment as European Central Bank indicates it may not use full funds in pandemic emergency bond-purchasing program Europe The STOXX Europe 600 Index finished the week relatively flat, as United States economic stimulus doubts couples with renewed coronavirus concerns held back…
The markets were strongly dominated by two primary factors.
The first being the upcoming US Presidential elections and the second being the resurgence of Covid-19 across many countries on the European continent as well as the United States.
Global financial markets have been on a positive trend, but market sentiment has not yet fully returned to normal levels, and actual economic activity indicators are still relatively weak, and the momentum for further improvement has slowed.
Investors should be aware that many new cryptocurrency
Recently gold price was within breathing distance from all-time highs near $1920 per ounce since 2011, with bulls controlling well enough the momentum.
The International Monetary Fund (IMF) has published its World Economic projections and outlook for both 2020, 2021.