Tag: market analysis

forex market crypto news and updates
April 15, 2020 BY Valentina Kirilova

Daily Market News: Markets slip on deep recession fears

Investors sell BP and Shell after Opec deal As UK markets reopened after the long Easter weekend, investors reacted to the fallout from the Opec-Russia oil production cut deal which, while record breaking, has been deemed by some analysts to be too little too late. Royal Dutch Shell’s London-listed shares fell 3.5% on Tuesday, with…

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the Dow Jones is up by 30% from its March low
April 10, 2020 BY Valentina Kirilova

Don’t be surprised by the sharp rise in the Dow Jones

China 2020 Earlier this year, the same happened. When the coronavirus cases started to pick up in China, the Shanghai composite started to decline. The cases picked up quickly. However, the Chinese government acted fast, and on February 4, the Shanghai composite bottomed out, and about one day later, we saw the peak in the…

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few traders focus on the Canadian labour market report
April 02, 2020 BY Valentina Kirilova

Canadian Unemployment Rate could soar on coronavirus crisis

No critical data covering the recent coronavirus spread period has been published, except for the Canada Markit Manufacturing PMI that dropped to 46 from 51.8 prior, and lower than the 53.3 anticipated. The PMI is a leading economic indicator, and it suggests that the Canadian economy has slowed down sharply. We also know that the…

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forex market crypto news and updates
April 01, 2020 BY Valentina Kirilova

Daily Market News: Stocks tumble as data reveals worsening coronavirus impact

Banks do away with dividends, buybacks under regulator pressure London-listed stocks rallied yesterday, following the release of data showing manufacturing in China had rebounded in March as the country emerged from its coronavirus-induced shutdown, although concerns over the accuracy of the figures persist. Despite closing the day higher, it was still a rollercoaster day for…

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