US-China Tensions
July 23, 2020The 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, 2020UNITED 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, 2020UNITED 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, 2020There 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, 2020UNITED 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, 2020Positive 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, 2020UNITED 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…
Southern EU States Drum Up Support for Recovery Fund…
July 14, 2020UNITED STATES The spectre, that is COVID-19, showed its hand in markets on Monday prompting a pullback in US stocks in just the final hour of trading. Stocks were set…
Markets Open Higher Even as Sunday Notes Record Increase…
July 13, 2020Sunday marked a record increase in global coronavirus cases with a 230k increase in cases recorded. The pool of countries contributing the most to the increase in cases is comprised…
US Sun Belt Virus Hit Record Highs
July 10, 2020UNITED STATES We came to work yesterday to see a sea of green and futures pointing higher, the screens were being lifted and Brent moved all the way up to…