Opinion – Wednesday 21 October 2020

U.S Indices closed higher as Stimulus hopes boosted markets. Yesterday was a volatile trading session with plenty of two-way price action with markets closing well off their intra-day high. Speaker of the House Nancy Pelosi’s office said she and Treasury...

Opinion – Tuesday 20 October 2020

U.S Markets rose at the open, before falling in a volatile trading session as the S&P closed 1.63% lower. Stimulus headlines were mixed, after Speaker of the House Nancy Pelosi said she is hopeful a Stimulus deal will be signed before the election despite...

Opinion – Monday 19 October 2020

U.S. Equity Markets rebounded for most of the day, but finished Friday weak, after their sell-off over the previous few days. Economic data was mixed. Retail Sales rose by more than expected, in a positive note for consumer spending. That is the fifth straight month...

Opinion – Friday 16 October 2020

U.S Indices closed lower for the third consecutive trading session as fears of a stalling job market recovery weighed on markets. New Initial Jobless Claims reached 898,000 in the week ending October 10, according to the Department of Labour. This was an increase from...

Opinion – Thursday 15 October 2020

U.S Indices closed lower for the second consecutive session as COVID-19 continues to weigh on investor sentiment. Drug manufacturer Eli Lilly’s Coronavirus treatment trial was placed on hold after an independent monitoring board recommended suspending enrolment...

Opinion – Wednesday 14 October 2020

After rallying over 6% in just four trading session, the S&P closed 0.63% lower as COVID-19 vaccine concerns weighed on markets. Johnson & Johnson announced that its vaccine trial had been paused after one of the patients came down with an unexplained...