Economic news


U.S. Stock Markets Drop After Payrolls Data

U.S. Stock Markets Drop After Payrolls Data

U.S. stock markets went down on last day of the week, after the jobs data showed the U.S. economy shed 701K jobs in March being greater by several fold than forecasts of 100K but not as worse as in 2008. Meanwhile, recent PMI data showed U.S. private sector shrank at the quickest pace on record a...


April 3, 2020
Europe Stocks Mixed as Recession Worries Mount
Europe Stocks Mixed as Recession Worries Mount

European stock markets fell on Friday as the number of companies signaling the dire consequences of the coronavirus epidemic increases, indicating...

Brent Jumps Above $30 a Barrel in Early Europe Session
Brent Jumps Above $30 a Barrel in Early Europe Session

The price of Brent grew by more than 6 percent in early European trading to reach $31.76 per barrel on Friday morning, after logging its record...

Safe Assets in Demand, Dollar Remains Steady
Safe Assets in Demand, Dollar Remains Steady

Investors shifted towards safe harbor assets and namely to government bonds and greenback. Benchmark U.S. 10-year bonds declined in price to last...

Oil Jumps on U.S. Leader Tweet, Jobless Claims Soar
Oil Jumps on U.S. Leader Tweet, Jobless Claims Soar

Rates as of 04:00 GMT Market Recap Oil gained after Trump released the following tweets: The price spiked temporarily – Brent immediately...

U.S. Stocks Rebound Due to Oil Jump Despite Weak Labor Data
U.S. Stocks Rebound Due to Oil Jump Despite Weak Labor Data

U.S. stock indices rebounded during Thursday trading as the recovery in oil prices outweighed the shock of rising unemployment claims to record highs.

Major Stock Markets in Asia Retreat as Pandemic Fears Weigh
Major Stock Markets in Asia Retreat as Pandemic Fears Weigh

Asian stocks mostly down on Friday, ignoring the indexes growth in the U.S., being the first one in three days due to to oil prices surge despite...

April 2, 2020
Wall Street Gains Momentum on Back of Oil Prices Rally
Wall Street Gains Momentum on Back of Oil Prices Rally

Wall Street extended gains on Thursday after Saudi Arabia announcement to call for an emergency meeting of OPEC, Russia and other allies to balance...

Moody’s and S&P Slash Ratings at Fastest Pace in 10 Years
Moody’s and S&P Slash Ratings at Fastest Pace in 10 Years

S&P Global Ratings and Moody's Investors Service change downwards the ratings on about $1B of the company’s debt at the fastest pace...

Pound Reaches 3-Week High vs Euro, but Slips Versus Dollar
Pound Reaches 3-Week High vs Euro, but Slips Versus Dollar

The pound hit a three-week high against the euro, whereas reversed gains versus the dollar on Thursday. Still, demand for safe currencies such...

Oil Prices Rebound After U.S. Leader’s Optimistic Comment
Oil Prices Rebound After U.S. Leader’s Optimistic Comment

Oil prices surged sharply on Thursday after President Trump said he is confident Russia and Saudi Arabia will strike a deal soon to clear up the...

Energy Shares Boost European Stock Markets Ahead of Key Data
Energy Shares Boost European Stock Markets Ahead of Key Data

European stocks try to rebound on Thursday as hopes for a ceasefire in the price war between Russia and Saudi Arabia led the energy sector to...

JPY Up, Commodity Currencies Down in “Risk off” Market
JPY Up, Commodity Currencies Down in “Risk off” Market

Market Recap Yesterday morning I suggested that the end of Q1 and the portfolio rebalancing flows would give us a clearer view of what the...

U.S. Indexes Plunge by More Than 4% After Glum Outlook
U.S. Indexes Plunge by More Than 4% After Glum Outlook

The stock markets in the U.S. extended declines on Wednesday as infection fears mount and job data continue to paint bleak economic outlook.

Asian Stock Markets Mixed After White House Warning
Asian Stock Markets Mixed After White House Warning

Asian stocks traded mixed on Thursday after the White House predicted that the death toll from coronavirus in the U.S. could reach 240,000....

April 1, 2020
Coronavirus Anxiety Pushes Wall Street To Red Territory
Coronavirus Anxiety Pushes Wall Street To Red Territory

The Dow went deeply down as investors rushed into safe haven assets after new orders for U.S.-made goods slumped to an 11-year low and private...

RBA Minutes: Australia to Face Very Significant Contraction
RBA Minutes: Australia to Face Very Significant Contraction

The Central Bank of Australia was concerned over a potential economic activity shrinkage, announcing a quantitative easing program in the framework...

Dollar Rallies as Investors Turn to Safe Havens
Dollar Rallies as Investors Turn to Safe Havens

The U.S. Fed’s steps are bearing fruit and the greenback has gone up against the euro, but is still falling against the yen.

JPY Up, AUD/NZD Lower in Vague “Risk off” Mood; ADP Report
JPY Up, AUD/NZD Lower in Vague “Risk off” Mood; ADP Report

Market Recap No need for an April Fool’s joke this year – it feels like my whole life is an April Fools’ joke, and later today...

European Indexes Plunge Reversing Previous Session Gains
European Indexes Plunge Reversing Previous Session Gains

European and U.S. equity futures went sharply down on Wednesday in a shaky start for the new quarter after experts predicted a death toll in...

Oil Declines Amid Supply Glut Worries as U.S. Stocks Rise
Oil Declines Amid Supply Glut Worries as U.S. Stocks Rise

Oil prices continued to fall on Wednesday after an all-time quarterly and monthly loss, as oversupply in the U.S. inventories exceeding...

Goldman Sachs Predicts a Far Deeper Q2 GDP Slump
Goldman Sachs Predicts a Far Deeper Q2 GDP Slump

Goldman Sachs suggests that the U.S. economic downturn in Q2 will be much larger than previously estimated, and unemployment rate will grow more...

Wall Street Plummets, Dow Logs Its Worst Quarter Since 1987
Wall Street Plummets, Dow Logs Its Worst Quarter Since 1987

The main Wall Street stocks overnight plunged, with the Dow recording the sharpest quarterly drop since 1987, whereas the S&P 500 index last...

Nikkei Sinks Amid Bleak Business Outlook; ASX 200 Surges
Nikkei Sinks Amid Bleak Business Outlook; ASX 200 Surges

Asian stock markets were mixed on Wednesday as virus and recession worries weighed on sentiment.

March 31, 2020
Wall Street Gains Steam on Final Trading Day of Quarter
Wall Street Gains Steam on Final Trading Day of Quarter

U.S. stocks traded higher on Tuesday after a volatile start on the last trading day of the month and the quarter amid worsening data on virus...

Turkey’s Central Bank Provides More Stimulus, Lira Rises
Turkey’s Central Bank Provides More Stimulus, Lira Rises

Turkey’s Central Bank announced a new package of incentive measures on March 31st, to ease adverse effects of the global ambiguity led by the...

Dollar Grows in Demand Due to Quarter End; Aussie Tumbles
Dollar Grows in Demand Due to Quarter End; Aussie Tumbles

The U.S. dollar strengthened against a range of currencies on Tuesday amid demand from Japanese companies due to the end of the fiscal year, while...

Pound's Vulnerability Intensified by Strong Dollar
Pound's Vulnerability Intensified by Strong Dollar

The UK’s pound dropped slightly against the dollar on Tuesday as the greenback gained momentum due to its safe-haven characteristics amid the...

European Stocks in Green but Log Worst Quarter Since 2002
European Stocks in Green but Log Worst Quarter Since 2002

European stock markets reverse movement upwards on Tuesday after a severe selloff this month after official data indicated both factory and...

Oil Pares Losses Due to Hopes for Top Energy Officials Talks
Oil Pares Losses Due to Hopes for Top Energy Officials Talks

Oil prices recouped part of the recent losses on Tuesday, jumping away from 18-year lows due to a drop in demand, triggered by  the...

U.S. Stocks Rebound Sharply on Hope for Further Stimulus
U.S. Stocks Rebound Sharply on Hope for Further Stimulus

The massive rescue package to combat the epidemic was recently launched, America has never seen such assistance of $2,2Tn. This allowed the Wall...

Asian Markets Mostly Higher Due to Encouraging China Data
Asian Markets Mostly Higher Due to Encouraging China Data

Asian stocks on Tuesday resumed growth. China’s official gave hope for a recovery in activity when other countries around the world almost...

March 30, 2020
Wall St. Attempts to Pick Up as Investors Assess Stimulus
Wall St. Attempts to Pick Up as Investors Assess Stimulus

The U.S. stocks were in green on Monday, attempting to ramp up prior week's gains. Investors were assessing latest virus updates and try to...

Gold Prices Manage to Rebound Despite U.S. Dollar Growth
Gold Prices Manage to Rebound Despite U.S. Dollar Growth

Gold was on track to start the week on negative territory on Monday, as stocks and the greenback tried cautiously to resume growth against the...

Germany Annual Inflation Slows to 1,4%; DAX 30 Recovers
Germany Annual Inflation Slows to 1,4%; DAX 30 Recovers

The DAX 30 index started session in red, but managed to recover and gained 0.43 percent slightly to trade higher 9,700 on Monday afternoon, after...

European Stock Markets Retreat as Infection Worries Escalate
European Stock Markets Retreat as Infection Worries Escalate

Major European indexes were down on Monday, being on track for another volatile week, as  concerns mounted that the economic impact of the...

Dollar, Yen Start to Take Off Due to Virus Cases Uptick
Dollar, Yen Start to Take Off Due to Virus Cases Uptick

The dollar index, measuring the greenback value against its 6 main rivals grew by 0.33 percent, to 98,69 at 1022 GMT, as investors turned again to...

Oil Prices Tumble as Pandemic Overshadows Demand Outlook
Oil Prices Tumble as Pandemic Overshadows Demand Outlook

Oil rates decrease sharply on Monday, as worries about a blow in demand from the virus pandemic extended to put pressure on investors sentiment....

Wall St. Stocks Decrease as U.S. Infection Cases Surge
Wall St. Stocks Decrease as U.S. Infection Cases Surge

U.S. indexes went down on Friday, ending an immense three-day jump after fresh concerns about the fate of the domestic economy awakened and the...

Asian Indexes Mixed as Central Banks Offer Cold Comfort
Asian Indexes Mixed as Central Banks Offer Cold Comfort

Indexes decline in Japan and Hong Kong, but pick up in Australia on fresh stimulus vows.

March 27, 2020
U.S. Stock Markets Slump After 3-Day Surge
U.S. Stock Markets Slump After 3-Day Surge

Wall Street went down by more than 3 percent on Friday, halting a 3-day run as investors remain worried over the economic impact of the coronavirus...

Gold Erases Gains, but Still on Way To Post Best Weekly Rise
Gold Erases Gains, but Still on Way To Post Best Weekly Rise

Gold price is pulling back on Friday after five days of growth, but remained on way for the largest weekly growth in more than 11 years amid demand...

Canada Slashes Interest Rate to 0.25%; Loonie Withers
Canada Slashes Interest Rate to 0.25%; Loonie Withers

The main bank of Canada cut its key benchmark by 50 bps to 0.25 percent in the framework of emergency meeting, on March 27th. The move was...


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