IMF Approves $4.3 Billion for South Africa Under RCF…

July 28, 2020

UNITED STATES US stocks rebounded on Monday as investors awaited the next round of stimulus. The NASDAQ led gains, up 1.67% while the S&P and the DOW rose 0.74% and…

 

US Readies at $1 Trillion New Stimulus Before August…

July 27, 2020

The 1$ trillion relief plan was informally agreed by the White House and the Republicans which includes an extension of the unemployment benefits for up to 70% of salaries and…

 

US Initial Jobless Claims Data Rising for the First…

July 24, 2020

UNITED STATES A Friday riddle: What begins, but has no end? US-China political tensions. The recent escalation has seen China ordering the US to close its consulate in Chengdu in…

 

US-China Tensions

July 23, 2020

The new round of Sino-US tensions started after the US closed Chinese diplomatic mission in Houston over spying concerns along with a statement from President Trump about the possibilities of…

 

Brent Climbs to Four-Month High on EU Stimulus Package

July 22, 2020

UNITED STATES As negotiations in Washington will continue, there was a bit of uncertainty over the timing of a fresh stimulus program especially with some U.S senators (Mitch McConnel in…

 

EU Agrees on Recovery Fund: €390bn in Grants

July 21, 2020

UNITED STATES The NASDAQ rebounded from last week’s losses to surge 2.51% on Monday on the back of significant gains for Amazon, Tesla, among other tech stocks. The DOW just…

 

EU Recovery Fund Talks Gain Steam After a Stalemate…

July 20, 2020

There was a turnaround in market sentiment last week as some positive vaccine news made the headlines. Moderna’s experimental coronavirus vaccine next stage is a large and decisive clinical trial…

 

EU Summit Kicking off in Brussels

July 17, 2020

UNITED STATES The risk on mood of Wednesday spilled over into Thursday and we ended up with having a green-coloured day yesterday, although with much calmer moves. US Initial Jobless…

 

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…