The S&P 500, Dow Jones and NASDAQ indices all slumped on Friday, to complete the worst weekly selloff in three months. The sharp tumbles were triggered by speculative excess along with ongoing pandemic concerns and the continued inability of US and global health systems to effi-ciently distribute vaccines. Expect these conditions to remain firmly in […]
We are now heading into what would typically be a quiet time of year when everyone spends time with their loved ones and market activity is more muted. This isn’t a normal year, though, and while volumes may be low, activity will be anything but. There are key deadlines on both sides of the pond […]
December may normally be associated with everything slowing down as we ease our way into the festive period, but as with everything else in 2020, this is no normal December. Donald Trump is continuing to fight the election result and is going out swinging, Brexit talks are somehow still ongoing, the EU budget and rescue […]
COVID-19 is likely to remain the dominant market theme in the coming, holiday-shortened week. The rising trajectory of the pandemic versus ongoing progress toward a vaccine will cause investors to whipsaw wildly between pessimism and optimism, driving markets lower or higher depending on prevailing sentiment. Last week played out much as we predicted, when positive […]
On Saturday, the media called the US presidential election for Joe Biden, but President Donald Trump rejected the outcome and won’t concede. Additionally, he will continue with legal challenges, claiming fraud. So far, his demand made no progress in courts, as he failed to add prove to his accusations, except for those asking for observers […]
Markets are cautiously optimistic and the US dollar is edging lower amid fresh hopes that the US agrees on a stimulus deal before the elections. Chinese Q3 GDP missed estimates but includes several positives. Concerns about eurozone coronavirus cases and Brexit talks is weighing on sentiment. Fiscal stimulus: US President Donald Trump has said that […]
With the US presidential election coming closer, up for November 05, global banks come forward with their analysis concerning the most likely outcome if the market favorite Democrats win. Asian shares remain bid, led by China, while heading into the European open on Monday. Although weekend headlines challenged Friday’s optimism, mainly due to the chatters […]
