Market Commentaries

Investors will monitor COVID-19 figures and the vaccines’ progressive rollout this week. The concluding chapter of the new US stimulus package was closed on Friday, February 5 after Vice President Kamala Harris used her deciding 50/50 vote in the Senate, to ensure the financial assistance would become law. Inflation (CPI) in the United States and

Signs that the Labour market is improving in the USA combined with encouraging earnings figures helped drive leading US equity indices to near-record highs during Thursday’s New York session. The weekly jobless claims number came in below Reuters forecast of 830K at 779K, the third week in a row the claims number has fallen. Continuing

European markets rallied from the London open during Tuesday’s sessions. The latest GDP figures for the Eurozone and individual countries provided investor optimism that if the COVID-19 vaccine rollouts are successful, growth will quickly re-appear. GDP for the Euro Area beat forecasts coming in at -0.7% for Q2 2020 after a revision for Q3 revealed

Silver’s market price rose to an eight-year intraday high of just over $30.00 per ounce during Monday’s trading sessions, breaching R3 before slipping under that critical psyche handle, ending the day trading close to R2 and at $28.78, up 6.79%. Analysts and market commentators suggested that the cohort of Reddit activist traders, who allegedly helped

Last week’s trading sessions ended with many global equity markets selling off as the risk-on sentiment dominating investor thinking over recent months suddenly evaporated. The SPX 500 closed Friday’s New York session down –2.22% on the day and –3.58% weekly and the NASDAQ 100 –2.36% down during the Friday session and –3.57% weekly. The NASDAQ

The leading US equity markets bounced back on Thursday after experiencing a sell-off during Wednesday’s sessions. Wall Street banks and brokers voiced their relief after online brokers such as Robin Hood, Ameritrade and Interactive Brokers suspended trading in stock such as GameStop, AMC and Blackberry. These equities have been the subject of intense speculation by

The confusion and arguments over vaccinations from AstraZeneca and Pfizer between the UK and EU, negatively affected overall sentiment in all European equity markets. France’s CAC index ended the day down -1.26% while the UK FTSE 100 closed out the day down -1.37%. Germany’s DAX index plunged to a five-week low during Wednesdays’ sessions. The