Opinion – Wednesday 12 August 2020

European Indices ended yesterday with solid gains after Russia surprised the markets with an announcement from President Putin that he had cleared the for COVID-19 vaccine for use even though clinical testing has not finished. He hopes to begin mass inoculation in...

Opinion – Tuesday 11 August 2020

U.S Markets opened higher before chopping around with the NASDAQ 100 falling over 200 points before staging a late rally to close just 0.50% lower. Over the weekend, President Donald Trump signed a number of executive orders to extend unemployment insurance benefits,...

Opinion – Monday 10 August 2020

U.S. Indices closed mixed on Friday after Jobs data printed better than expected. July saw 1.7 million jobs added to the economy, according to the Bureau of Labour Statistics. This marked the third straight month that the economy added jobs, after losing more than 20...

Opinion – Friday 31 July 2020

U.S Indices had a wild trading session before rallying into the close with economic data the focus. Another 1.43 million people filed Initial Jobless Claims in the week ending July 25, according to the Department of Labour. This was below Wall Street’s estimate...

Opinion – Thursday 30 July 2020

U.S Indices closed higher as the Federal Reserve kept rates steady, but said it is committed to doing whatever it takes to meet its dual mandate of maximum Employment and stable prices. It also pledged to continue Asset Purchases “at least” at the current...

Opinion – Wednesday 29 July 2020

Both European and U.S Indices closed lower in a quiet trading session as traders wait for the outcome of this evening’s FOMC Statement, followed by the virtual press conference from Fed Chairman Powell at 7.30 pm. Yesterday morning the ECB extended its recommendation...