Daily Market News: Gold surges to multi-year high as stocks head back to peaks LeapRate

June 24, 2020 BY Valentina Kirilova

Daily Market News: Gold surges to multi-year high as stocks head back to peaks

What to watch Winnebago Industries: One of the more intriguing companies reporting earnings this week is Winnebago, which will issue its latest quarterly results on Wednesday. The company’s stock, having initially taken a huge hit in the broader market sell-off due to production line shutdowns, is up 33.8% year-to-date, after a huge 194% rally over…

June 23, 2020 BY Valentina Kirilova

Midweek data preview: German sentiment and US GDP in view

Key data points Bold indicates the most important releases for this symbol. Wednesday 24 June, 8.00 GMT: Ifo business climate (June) - consensus 85, previous 79.5 Thursday 25 June, 6.00 GMT: GfK consumer confidence (July) - consensus -12, previous -18.3 Gold-dollar, four-hour Gold has made gains in most of its pairs since the end of…

June 23, 2020 BY Valentina Kirilova

Daily market commentary: The spot price of gold remains steady

EUROPEAN SHARES European stock indices opened significantly higher on Tuesday after Washington reassured investors on the state of the US’ relationship with China with President Trump stating the trade deal signed with Beijing in January was still “intact”. These few words were enough to offset recent uncertainty surrounding risk assets, reviving market sentiment and driving…

June 23, 2020 BY Valentina Kirilova

Daily Market News: European PMI data shows return to growth

What to watch IHS Markit: IHS Markit is a financial information firm headquartered in London, but listed on the Nasdaq exchange. Its share price is close to flat year-to-date, and up 23.1% over the past year, after a huge 61.4% rally during the last three months. The near $30bn market cap company reports its latest…

June 22, 2020 BY Valentina Kirilova

Daily Market News: Global markets dip as US registers 30,000 new coronavirus cases in a day

What to watch US home sales: On Monday, existing home sale data for May will be released in the US, with a figure of 4.2 million anticipated, versus 4.3 million in April - a figure that was 18% lower than March’s number. New home sales data will then follow on Tuesday, with the pair of…

June 22, 2020 BY Valentina Kirilova

Daily market commentary: European market sentiment remains uncertain

EUROPEAN SHARES Shares slid lower in Europe on Monday following a mixed trading session in Asia overnight after new virus cases were spotted in Australia, the US and Germany during the weekend. Market sentiment remains uncertain towards risk assets as coronavirus fears continue to grow while volumes keep on decreasing as more and more traders…

June 19, 2020 BY Valentina Kirilova

Daily Market News: Markets pop as central banks keep up stimulus measures

What to watch Carmax: Over the past three months, Carmax has delivered an astonishing recovery. Its share price is up 11.7% year-to-date but has gained more than 100% in the past three months alone to dig itself out of a deep hole. The firm, which provides an online marketplace for buying and selling used and…

June 18, 2020 BY Valentina Kirilova

Daily Market News: Fed chairman Powell warns stimulus withdrawal could jeopardise economic gains

UK inflation sinks to four-year low London markets closed before the American Covid-19 case news drove US-listed shares into the red; the FTSE 100 gained 0.2% on Wednesday, with the FTSE 250 up 0.7%. In economic news, the UK inflation rate slowed to 0.5% in May, its lowest level since mid 2016. One major drag…

June 18, 2020 BY Valentina Kirilova

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

EUROPEAN SHARES European share markets opened mostly lower on Thursday, following a similar trend overnight in Asia, as investors’ appetite for risk loses momentum. This decreasing interest towards riskier assets came after there were rises in infections in more and more locations, sparking fresh concerns about the economic recovery. Even if the recent reassuring macro…

June 17, 2020 BY Valentina Kirilova

Daily Market News: Markets continue to bounce, US retail sales jump 18% in May

What to watch National Grid: Compared to the wider market of London-listed stocks, it has been smooth sailing for National Grid in 2020 so far. The firm’s share price is close to breakeven for the year, and has essentially been flat for months. National Grid reports its latest set of quarterly earnings on Thursday. Currently,…

Tag: markets

Daily Market News: Gold surges to multi-year high as stocks head back to peaks

Midweek data preview: German sentiment and US GDP in view

Daily market commentary: The spot price of gold remains steady

Daily Market News: European PMI data shows return to growth

Daily Market News: Global markets dip as US registers 30,000 new coronavirus cases in a day

Daily market commentary: European market sentiment remains uncertain

Daily Market News: Markets pop as central banks keep up stimulus measures

Daily Market News: Fed chairman Powell warns stimulus withdrawal could jeopardise economic gains

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

Daily Market News: Markets continue to bounce, US retail sales jump 18% in May

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