Weak Chinese Consumption Data Turned Markets into Red Territory…

July 16, 2020

Positive news on two new vaccine trials supported the markets last evening, S&P gained 0.9%, Nasdaq closed 0.6% higher. The shares of drugmakers involved surged – AstraZeneca added 5%, Moderna…

 

US Markets Surge to a Five-Week High as Vaccine…

July 15, 2020

UNITED STATES News of the much talked about vaccine brought quite a bit of optimism to the financial markets which have been struggling lately to make headway in the face…

 

Southern EU States Drum Up Support for Recovery Fund…

July 14, 2020

UNITED STATES The spectre, that is COVID-19, showed its hand in markets on Monday prompting a pullback in US stocks in just the final hour of trading. Stocks were set…

 

Markets Open Higher Even as Sunday Notes Record Increase…

July 13, 2020

Sunday marked a record increase in global coronavirus cases with a 230k increase in cases recorded. The pool of countries contributing the most to the increase in cases is comprised…

 

US Sun Belt Virus Hit Record Highs

July 10, 2020

UNITED STATES We came to work yesterday to see a sea of green and futures pointing higher, the screens were being lifted and Brent moved all the way up to…

 

US Stocks and Gold Prices Beating New Record Highs

July 9, 2020

Despite the increasing rate of new infections in US (record one-day jump of 62,000 new infections on Wednesday), the stock market closed the day higher with Nasdaq hitting another record…

 

Johnson Tells Merkel, UK’s Ready to Go Without an…

July 8, 2020

UNITED STATES Futures on the S&P 500 dipped after the gauge closed lower (Futures on the S&P 500 Index fell 0.3%) snapping its 5-day win streak as investors continue to…

 

Lira Borrowing Costs Shoot Up as Restrictions on Foreign…

July 7, 2020

UNITED STATES US stocks resumed trading on a high following the Fourth July Weekend, brushing off concerns over surges in new COVID-19 infections. The tech-heavy NASDAQ gained 2.26% to post…

 

Cancellation of Ukraine Deal

July 2, 2020

UNITED STATES US stocks closed higher on Wednesday supported by improving economic data and news of a potential coronavirus vaccine by BioNTech, S&P gained 0.5%, Nasdaq added 1%. The yield…

 

US Stocks Record Best Quarter Since 1998

July 1, 2020

UNITED STATES In the U.S markets earlier in the day we witnessed the DOW and S&P 500 booked its best quarterly performance in 20years despite eventually sliding after the gauge…