Brazilian Real Slides Further as Treasury Secretary Resigns

June 16, 2020

UNITED STATES US stocks closed higher on Monday as the Fed announced an expansion of the scope of its $750 billion corporate debt loan facility. The NASDAQ led gains, up…

 

US Stocks Rebound but Close the Week in Red

June 15, 2020

UNITED STATES Friday saw US stocks rebound from Thursday’s tumble but the recovery was not enough to close the week in the green. The DOW led gains, up 1.90% on…

 

US Equity indices fall the most since March amid…

June 12, 2020

UNITED STATES The markets have decided to remind us that March was not that long ago, plunging by the most in a day since the COVID selloff. S&P 500 traded…

 

FED Decision, Powell Speech

June 11, 2020

UNITED STATES During its meeting on Wednesday, FED left the rate unchanged at 0-0.25% and projected the benchmark to stay near zero at least until the end of 2022. The…

 

US Non-Farm Payrolls in Surprise Rise for May

June 8, 2020

Asian markets are mostly, modestly in the green while European ones are trading lower this morning after the stellar gains of last week; US contracts are mixed to positive. The…

 

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…