Tag: markets

forex and crypto market analysis
August 06, 2020 BY Valentina Kirilova

Daily Market News: Jeff Bezos sells more than $3bn in Amazon stock

Bristol Myers Squibb: New York-based pharmaceutical company Bristol-Myers Squibb reports earnings on Thursday, the day after securing a patent win for it and Pfizer, which have a profit sharing agreement on a blood-thinning drug. A judge found that products made by multiple firms had infringed upon the patents. BMQ stock surged 5% in after-hours trading…

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daily market analysis
August 06, 2020 BY Valentina Kirilova

Daily market commentary: Gold price continues to skyrocket

EUROPEAN SHARES  Stocks opened mostly lower on Thursday in Europe amid weaker market sentiment following mixed developments on multiple fronts. Rising US-Sino tensions, increasing virus cases on the old continent and the recent batch of mixed macro data are some of the clouds darkening the sky for investors at the moment. As previously said, there…

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daily market analysis
August 05, 2020 BY Valentina Kirilova

Daily market commentary: Gold hits new record high (yet again)

EUROPEAN SHARES  Eurozone share markets from Stockholm to Madrid opened higher on Wednesday as bullish momentum over riskier assets gained a fresh boost from Washington. Investors welcomed the progress made in discussions between US Republicans and Democrats about a new recovery package, especially after the US Treasury Secretary said he wanted a deal reached by…

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August 04, 2020 BY Valentina Kirilova

Weekly data preview: central banks and the NFP

Key data this week Bold indicates the most important releases for this symbol. Monday 3 August, 13.45 GMT: American Markit manufacturing PMI (final, July) - consensus 51.3, previous 49.8 Monday 3 August, 14.00 GMT: ISM manufacturing PMI (July) - consensus 53.6, previous 52.6 Wednesday 5 August, 12.30 GMT: American balance of trade (June) - consensus…

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daily market analysis
August 04, 2020 BY Valentina Kirilova

Daily market commentary: The dollar is back on a descending trajectory

EUROPEAN SHARES  Shares opened mostly higher in Europe following strong bullish momentum from the Asian trading session on Tuesday. Yesterday’s reassuring manufacturing PMIs in Europe followed by positive data in the US combined with lower virus cases in some states, have lifted global market sentiment higher. In addition, the current risk appetite is also sustained…

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forex and crypto market analysis
July 31, 2020 BY Valentina Kirilova

Daily Market News: FAANGs thrive as US economy drowns

FTSE 100 back below 6,000 on struggling banks and US economic woes Financial firms led the FTSE 100 2.3% lower on Thursday amid profit warnings from Lloyds Bank, the UK’s largest retail bank, and jitters caused by dire GDP data from Germany and the US. The FTSE 250 meanwhile was down a more modest 1.3%.…

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