Category: Experts

daily market analysis
July 21, 2020 BY Valentina Kirilova

Daily market commentary: Gold has broken a new record

EUROPEAN SHARES  European stocks are trading significantly as investors welcome the deal reached by EU leaders on the new €750 billion virus relief package. While this news is the main driver, markets are also being supported by the latest positive developments in the search for a vaccine. Most investors will now switch their focus to…

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daily market analysis
July 20, 2020 BY Steffy Bogdanova

Daily market commentary: The euro is recording gains, hitting a four-month high versus the US dollar

EUROPEAN SHARES  European indices had a mixed opening mixed on Monday, with the energy and financial sectors weighing on most benchmarks as traders brace for another busy week. While the direction of European stocks remains uncertain this week, market volatility is likely to be on the rise. Indeed, most investors are patiently monitoring the discussions…

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forex and crypto market analysis
July 20, 2020 BY Steffy Bogdanova

Daily Market News: Netflix stock sinks as pandemic boost slows

What to watch Cadence Design Systems: CDS, a $28bn market cap electronics design and engineering services business, has enjoyed a share price gain of 44.5% in 2020 so far. During Q2, the firm announced a collaboration with Taiwan Semiconductor and Microsoft, in order to use cloud technology to reduce the signoff schedules for new semiconductor…

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daily market analysis
July 16, 2020 BY Valentina Kirilova

Daily market commentary: The US dollar is staging a modest comeback

EUROPEAN SHARES  European shares slid lower on Thursday, mostly in profit taking moves sparked by disappointing Chinese retail sales this morning. Even if trading optimism has recently been boosted by vaccine developments, today’s poor Chinese data underline that market confidence remains feeble and reminded some investors the path to a full recovery may be longer…

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forex and crypto market analysis
July 15, 2020 BY Valentina Kirilova

Daily Market News: Vaccine hopes spur markets on

Ocado UK sales grow 27% on back of pandemic The FTSE 100 was close to flat yesterday, while the FTSE 250 sank back 1.2% with its year-to-date loss now well past 20% again. In earnings news, online grocer Ocado reported earnings for the six months ended May 31. The firm delivered a pretax loss of…

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daily market analysis
July 15, 2020 BY Valentina Kirilova

Daily market commentary: Reports of successful tests for a coronavirus vaccine enhance global appetite for risk

EUROPEAN SHARES  European shares continue to trade higher on Wednesday, alongside Asian equities and US Futures, as vaccine hopes keep on fuelling the market’s current bullish sentiment. Moderna’s promising results from its vaccine trial have helped sustain market sentiment today, and this optimism even offset new cases of the virus spotted around the world. However, the…

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