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 – 1 June
1 Jun 2017 04:24 PM |Manufacturing data for SMEs was below expectations in China. The Caixin PMI Index recorded only 49.6 points in May, marking the first contraction in factories output for almost a year. This weakness is likely to be temporary under constant signs of improvement in International Economy.
Daily Wrap Up – 31 May
31 May 2017 05:50 PM |By the end of May, Asian stocks capping a fifth consecutive month of gains as Chinese factory activity data showed steady growth to ease market fears about the slowdown of the world's second largest economy. China's manufacturing sector grew by 51.2 points in May.
Daily Wrap Up – 30 May
30 May 2017 06:37 PM |The euro fell today, following news from a German newspaper that Greece may fail to pay a loan due in July if lenders fail to resolve Greek debt relief. The finance minister said his remarks had been distorted and that Greece was confident of reaching an agreement on June 15 when Eurozone finance ministers would meet again next month, wiping out the euro's losses since the beginning of the day.
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Daily Wrap Up – 29 May
29 May 2017 05:05 PM |Markets have been relatively calm today in the light of official holidays in a number of markets such as China, the United States and the United Kingdom. The main economic event today were the testimony of Mario Draghi, Governor of the European Central Bank
The weak ahead ( 29 May – 2 June ) : Eyes will be on US jobs report
28 May 2017 08:31 PM |After the suffering of the US dollar over the past two weeks, can the US jobs report provide enough support for the dollar again? There will also be a number of important economic data during this week which will have an impact on the movements of the market, and now we will take a look at the figures for this week's awaited:
Daily Wrap up (22 – 26 May)
26 May 2017 08:20 PM |This week was full of important events and economic data, which affected the movements of the markets markedly throughout the trading days of the week. The beginning was with Donald Trump, the American president who made his first visit outside the United States since taking office last January. He went to Riyadh and made a deal to sell weapons to Saudi Arabia,
Daily Wrap Up - 25 May
25 May 2017 06:42 PM |OPEC decided today to extend production cuts by an additional nine months until March of next year, as it tries to control the world supply following the collapse of oil prices and the decline in revenues over the past three years. The reduction is planned with 12 members from outside OPEC.
Daily Wrap up – 24 May
24 May 2017 07:22 PM |Moody's agency surprised the markets this morning after downgraded China rating to A1 from Aa3 and changing its outlook from negative to stable. Debt levels in the Chinese economy were expected to rise further in the coming years, and reforms are likely to slow growth, the agency said. The debt burden is estimated to rise toward 40% of GDP by 2018.
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