Tag: markets

daily market analysis
July 02, 2020 BY Valentina Kirilova

Daily market commentary: Expectations for a quick economic recovery curb gold’s rally

EUROPEAN SHARES  European shares traded significantly higher on Thursday, continuing the bullish trend from Asian stocks and extending yesterday’s gains amid a renewed appetite for risk. Yesterday’s news about Pfizer and BioNTech’s successful vaccine trial turned market sentiment upside down as it came while investors were preparing to redirect their exposure from risk assets to…

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forex and crypto market analysis
July 01, 2020 BY Valentina Kirilova

Daily Market News: Stocks close record quarter, S&P 500 up 20%

What to watch General Mills: General Mills is the firm behind brands including Cheerios, Haagen-Dazs and Betty Crocker. The company’s share price is up 15.1% year-to-date, thanks to expectations of elevated demand for household staples driven by the pandemic. The $37bn market cap firm reports its latest set of quarterly earnings today. On the company’s…

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June 30, 2020 BY Valentina Kirilova

Weekly data preview: focus on the NFP

Key data points Bold indicates the most important releases for this symbol. Wednesday 1 July, from 7.30 GMT: meeting of the Sveriges Riksbank Wednesday 1 July, 12.15 GMT: ADP employment change (June) - consensus 3 million, previous -2.76 million Thursday 2 July, 12.30 GMT: non-farm payrolls (June) - consensus 3.07 million, previous 2.51 million Thursday…

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daily market analysis
June 29, 2020 BY Valentina Kirilova

Daily market commentary: The gold price is slowing down

EUROPEAN SHARES  European equities surprisingly opened higher following drops in Asian shares overnight where last week’s global risk-off sentiment continues. Bull traders managed to take control of European markets at the opening bell after China, EU’s second largest trading partner, published much-improved industrial production figures for May. However, this initial spike is likely to be…

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daily market analysis
June 26, 2020 BY Valentina Kirilova

Daily market commentary: The dollar index remains stable

EUROPEAN SHARES European shares opened without clear direction on Friday as market sentiment remains mixed for the end of the week. Despite a strong optimistic tone registered in June, investors’ risk appetite is now tempered by a renewed momentum in daily virus cases in many areas, as well as rising trade tensions between Washington and…

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