Economic Recovery “May Take Some Time to Gather Momentum”

May 14, 2020

UNITED STATES Stock market dropped on Wednesday as Fed Chairman Jay Powell warned investors on Wednesday that an economic recovery “may take some time to gather momentum”. He also mentioned…

 

UK Suffers Its Worst Ever Recession in Over Three…

May 13, 2020

UNITED STATES The UST held on to its gains, while the S&P 500 closed 2% lower owing to comments from the Federal Reserve Chiefs and remarks from a top U.S…

 

Saudi Arabia and Allies Announce Additional June Oil Production…

May 12, 2020

UNITED STATES The S&P and NASDAQ remained in the green for a third successive day while the DOW closed lower in a mixed start to the week for US stocks.…

 

Italy BTPs Continue Rally as Moody’s Skips Ratings Review

May 11, 2020

Asian equity markets trade in the green and the US and European futures are pointing higher today on the back of the reopening of the global economy as more and…

 

German ConCourt Threatens to Stop Bundesbank from Further ECB…

May 6, 2020

UNITED STATES US stocks closed in the green on Tuesday as oil prices rose with the reopening of major economies after the COVID-19 lockdowns. The NASDAQ led gains, up 1.13%…

 

Turkish Inflation Cools for the First Time Since October

April 8, 2020

COVID-19 UPDATE The UK crossed the 55,000 mark on Tuesday with Prime Minister Boris Johnson now in intensive care as his condition has further deteriorated since testing positive on March…

 

UK Sovereign Credit Downgraded as Coronavirus Hits Key Government…

March 30, 2020

COVID-19 UPDATE It took just 7 days for confirmed cases to double last week with over 700,000 infected as at Sunday when there were just over 330,000 last Sunday. Governments…

 

Euro Area March PMIs Plunge as Governments Lock Down…

March 24, 2020

COVID-19 UPDATE 42,464 new cases of infection were recorded on Monday as cases of infection continued to surge worldwide. The UK finally announced a lockdown similar to the measures in…

 

ECB Unveils €750 Billion Emergency Stimulus

March 19, 2020

COVID-19 UPDATE Wednesday saw the number of confirmed cases top 200,000 as 20,014 new cases were confirmed worldwide. To highlight the contrasting turn of events, China – the epicentre of…

 

US Prepares $850 Billion Stimulus Package as Coronavirus Hits…

March 18, 2020

COVID-19 UPDATE Confirmed coronavirus infections are likely to pass the 200,000 mark on Wednesday following a surge on Tuesday which saw 14,676 confirmed cases globally; of these, only 21 were…