The main event for today is ECB meeting
October 29, 2020US equities showed the biggest decline since June as the increasing number of coronavirus cases spooked investors – S&P dropped by 3.5%, Nasdaq fell 3.7%. The yield on 10Y USTs…
BDDK moves to slow lending as Turkish Lira rout…
October 27, 2020US stocks closed sharply lower on Monday amid a continued resurgence of coronavirus case in the US and Europe. The DOW led the slide, down 2.29% while the S&P and…
Markets opened this Monday morning in a risk off…
October 26, 2020Markets opened this Monday morning in a risk off mood with US and European futures opening to the downside due to surging corona virus cases in Europe and software giant…
Doubts on fiscal stimulus moved the markets down
October 15, 2020US stocks dropped yesterday after Steven Mnuchin comments on fiscal stimulus – he doubts that it could be secured before the presidential elections in November as the two sides remained…
Chinese export data boost Asian markets.
October 13, 2020US stocks continued their winning streak on Monday with tech stocks leading the surge. Apple rose 6.35% while Microsoft was up 2.59% pushing the NASDAQ to a sharp 2.55% gain.…
US stimulus package news and new Corona restrictions in…
October 12, 2020With US closed today for Columbus Day we expect a muted market activity today. This week earning season will get underway with results from U.S banks later this week. White…
White house now open to potential compromise on a…
October 9, 2020What I’m sure we’ll all miss if Trump doesn’t get re-elected is the constant confusion as to what’s going on. Whether it’s about medical properties of bleach as a treatment…
Markets appreciated supported by the new potential stimulus bill
October 8, 2020US stocks closed higher on Wednesday supported by President Trump`s suggestion on a new stimulus bill – he offered a “stand alone bill” for “stimulus checks” of $1,200. The FOMC…
U.S. RELEIF PACKAGE TAKES ANOTHER HIT/DELAY
October 7, 2020The U.S. equity futures seemed to have gathered some gains/steam into the trading before pinged back from its modest gains. The Dow Jones Industrial Average ended the day down 375.88…
U.S. STOCK FUTURES ERASE GAINS
September 30, 2020As U.S congress continues to argue over the size of a new economic support package after the additional unemployment benefits expired. Investors have remained cautious with COVID-19 infections on the…