Market wrap-up: a wave of profit-taking dominates today's trading
American stock markets fell today, as European stock indices witnessed a significant decline due to fears of a second wave of the Coronavirus pandemic. This potential return to crisis levels of infection could delay the global economic recovery that has been anticipated – or hoped for – in second half of the year.
Daily Wrap Up – 10 July
10 Jul 2017 08:02 PM |The economic calendar today was free of any major events or economic data, and the markets did not see any noticeable movements during today's trading. In today's economic data, China's inflation figures did not change in June as the CPI rose 1.5% and the PPI rose by 5.5% the same reading of May.
The week ahead ( 10 – 14 Jul ) : Eyes will be on Yellen testifies
9 Jul 2017 10:24 PM |The markets are looking for a few data and economic events this week but they are very important, after a week of US labor market data, and the markets will not look far away, as they will focus on what coming out from Janet Yellen about FED monetary policy. Here are the highlights of the markets:
Weekly Wrap Up ( 3- 7 July )
7 Jul 2017 06:03 PM |The first week of each month is usually full of important economic data, and the markets are particularly eyeing the US labor market data on which the US Federal Reserve relies heavily on determining the course of tightening monetary policy.
Daily Wrap Up – 6 July
6 Jul 2017 07:14 PM |Today's economic agenda is full of some important economic data, as the Australian trade balance began to show a trade surplus of 2.47$ billion in May. Exports rose by 9%, while imports rose by only 1%.
Daily Wrap Up – 5 July
5 Jul 2017 07:02 PM |The markets were calm in today's trading amidst the absence of important data and events on the economic calendar, as the markets are awaiting the minutes of the Fed's last meeting in June which raised interest rates to 1.25%, plus the issue of reducing its balance.
Daily Wrap Up – 4 July
4 Jul 2017 07:10 PM |Stocks markets and oil prices plummeted, while bonds and gold markets rallied today, following North Korea's long-range ballistic missile test as well as US markets on hold due to Independence Day celebrations, dampening risk appetite.
Daily Wrap Up – 3 July
3 Jul 2017 07:22 PM |The start of the week was calm and didn't witness strong moves, but the US dollar managed to erase some of its losses last week, ahead of US employment data to be released on Friday. This was helped by the positive figures for the manufacturing sector, with the ISM Manufacturing PMI recording its highest reading in two and a half years at 57.8 points.
The week ahead ( 3 – 7 July ) : Eyes on Employment numbers again
3 Jul 2017 02:13 AM |With the start of the second half of 2017, several important economic data will be released this week and are likely to have a significant impact on market movements.
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