New Tariff War? US vs EU and UK
The U.S. is activating new tariffs on $3.1 billion of exports from France, Germany, Spain, and the U.K.
These Five Tech Stocks Are Breaking Previous Highs
Nasdaq index broke 10,000 points mark this month and hit a new record of 10,131.37 points on Tuesday for the first time in history as big tech stocks have been on a robust upside momentum despite economic meltdown.
US Stock Markets Extends the Last Week Upside Momentum
US stock futures are in green on Monday trading as investors are appreciating strong retail sales data along with prospects of economic recovery. The postponement of trade restrictions on China added to investor’s sentiments.
US Stock Markets are Steady Amid Economic Recovery and Trade Talks
The US stock futures are steady amid hopes over further economic stabilizing due to trade talks with China. Bloomberg reported that China seeks to fast-track purchases of American farm goods according to the Phase One trade deal.
US Dollar Pushing For A Breakout?
The dollar is now approaching 97.50 which is a key resistance level, a break above this level could see a short-medium term bullish rally in the Dollar index
Bank of England – Disappoints Sterling
Today we had the Bank of England interest rate decision and policy meeting, to which rates were unchanged as markets had expected.
COVID-19 Strikes Back or Just Speculation?
Recently there have been concerns over the second wave of COVID-19 infections, though this was initially speculation, it has now been evidenced with figures released today.
USD Bolstered by Strong Data
+17.7% versus +8.0% estimates and a previous reading of -16.4% (April)
Core Retail sales came in at 12.4% versus +5.5% estimates and a previous reading of -17.2% (April)
Stock Markets Extend Declining Trend on Second Coronavirus Wave
The stock markets across the world suffered losses on Monday amid threat of the second wave of virus spread. US stock futures tumbled more than 3%, extending the last week’s worst selloff since early March.
June Week 2 Wrap-Up: US Stock Market Plunge after Seven Consecutive Weekly Gains
U.S. stock markets reported gains in Friday trading after generating the worst single-day loss on Thursday since early March as investor’s concerns over the second wave of virus dampened hopes of economic recovery in the second half of the year.
Adobe Shares Tops $400 Mark for the First Time on Record Revenue
Adobe shares topped the $400 level for the first time in history amid robust demand for its Digital Media products, which led the company to post record second-quarter revenue of $3.13 billion. Its second-quarter revenue grew 14% year-over-year.
Oil Prices Plunged as Demand and Supply Fundamentals Turned Bearish
Oil prices reported heavy losses for the second week of June after posting massive gains in the past seven consecutive quarters, as investor’s concerns increased over the prospects for the second wave of coronavirus following the sharp growth in virus infections across the United States.