All Eyes on NFP Data, After OPEC+ Talks Breakthrough

June 5, 2020

UNITED STATES What a week we had! The rally encompassing both equities and fixed income markets had traders scratching their heads and bears getting doubling the “overpriced” rhetoric, especially since…

 

ECB Rate Decision Today

June 4, 2020

UNITED STATES US stocks showed 4th consecutive day of growth yesterday despite mass protests and rising tensions between Beijing and Washington– S&P added 1.4% while Nasdaq appreciated by 0.8%. The…

 

Expectation of an Agreement at OPEC+ Sends Oil $40/BBL

June 3, 2020

OIL With the expectation that at the OPEC+ meeting Russia and other major oil producers might agree to another one-month elongation agreement of its cut on oil output, we have…

 

Euro-Area Manufacturing Makes Slight Rebound as Economies Reopen

June 2, 2020

UNITED STATES US stocks closed modestly higher on Monday despite the protests that have rocked cities. The NASDAQ closed 0.65% higher while the S&P and the DOW closed 0.37% and…

 

US Revokes Hong Kong Preferential Status

June 1, 2020

Although last week marked some risk off events including the Hong Kong (HK) unrest as Beijing created national security laws in HK and as the US stated it will revoke…

 

China Passing HK Securities Law, US is not Happy.

May 29, 2020

UNITED STATES Equities failed to sustain the yesterday’s gains with tensions between China and US deepening over the Hong Kong security law, passed by China. US has retaliated to the…

 

New US-China tenstions over HK

May 28, 2020

UNITED STATES The S&P closed above 3000 (+1.5%) on Wednesday for the first time in 3 months supported by hopes of a faster economic recovery and despite the new route…

 

Boris Johnson Faces More Questions Today

May 27, 2020

UNITED STATES The S&P 500 index trimmed its gains amid U.S, – China tensions, the index closed at an 11-week high as it rose 0.6% and added 1.2% on Tuesday.…

 

German Ifo Index Rises for May as Economy Entered…

May 26, 2020

UNITED STATES Futures for US stocks were about 2% up on Tuesday indicating a strong resumption to trading having been closed on Monday for Memorial Day. Indices had closed in…

 

China Dropping GDP Target

May 22, 2020

UNITED STATES The market started the day on a weaker note, with equities extending the declines of yesterday as the US-China tensions continue escalating. President Trump has accused China to…