Oil Shakes off COVID-19 Resurgence Concerns, Closing Higher for…
June 22, 2020Last week the week began with news of a second wave in {CH} Beijing and lack of containment in some {US} US states. As the week progressed the situation in…
China Plans to Step Up Purchases of US Farm…
June 19, 2020UNITED STATES The markets are flaring slightly better this morning after a generally weaker tone all week amid the fears of the resurging coronavirus cases across the globe: Beijing’s most…
John Bolton’s Claim
June 18, 2020UNITED STATES Overnight, sentiment came off a touch after coronavirus cases climbed and John Bolton’s claim that US President Trump had asked Chinese President Xi Jinping to help with his…
Brazilian Real Slides Further as Treasury Secretary Resigns
June 16, 2020UNITED 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, 2020UNITED 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, 2020UNITED 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, 2020UNITED 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, 2020Asian 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, 2020UNITED 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, 2020UNITED 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…