Brent Crude Falls Below $40/BBL for the First Time…

September 9, 2020

The S&P 500 index SPX fell 2.8% to 3,331.84, clinching its first three-day losing streak in nearly three months with nearly 90% of all shares lower. The likes Apple AAPL,…

 

Stocks Brush Off Last Week Jitters to Open Week…

September 8, 2020

EUROPEAN UNION European stocks broke off from the previous week’s selloff to start the week on a high. Monday’s 1.66% gain for the STOXX and 2.38% rise for the FTSE…

 

Major Market Moves on Friday were Attributed to the…

September 7, 2020

UNITED STATES A very quiet day on the cards due to Labour day bank holiday both in the US and Canada. Major market moves on Friday were attributed to the…

 

Russian Markets Dropped after the Headline that Navalny was…

September 3, 2020

US stocks closed at record highs second day in a row; yesterday S&P gained 1.5%, Nasdaq appreciated by 1% supported by reports that US officials restarted talks over an extension…

 

S&P Kicks Off The Month With Record Gains

September 2, 2020

UNITED STATES The S&P 500 index SPX added 26.34 points to close at a record 3,526.65 with a gain of 0.8% clinching its best August return since 1986. Major U.S…

 

Caixin Manufacturing PMI Records Highest Reading since 2011

September 1, 2020

UNITED STATES US stocks closed mixed on Monday albeit having had the strongest August performance in decades. The DOW shed 0.78% while the S&P was down 0.21%; the NASDAQ however…

 

US Treasuries Sell off Sharply after Powell’s Inflation Comments.

August 28, 2020

UNITED STATES USTs had an oopsie yesterday with 10Y and 30Y yields jumping 9 bps and 14bps to yield 0.76% and 1.54% respectively at the time of writing, with both…

 

ZAMBIN Bonds Sell Off as Central Bank Governor is…

August 24, 2020

UNITED STATES US stocks closed the week higher on Friday buoyed by some positive economic data; IHS Markit August PMI figures came better than expected with services notching almost 5…

 

FOMC Minutes Showed Uncertainty

August 21, 2020

The Wall Street closed lower on Wednesday as FOMC minutes from its July meeting shows no immediate plan to take unconventional measures to support the economy. S&P dropped 0.4%, Nasdaq…

 

DOW Closes Lower, But 6% off Record High

August 19, 2020

U.S stocks indexes did finish off the day on Tuesday, mostly in record territory, despite continued wrangling between Democrats and Republicans over further fiscal stimulus packages and concerns about how…