S&P500 record high before job reports, OPEC will boost production in the short term
The S&P500 index reached 4,000$ the first time in its’ history right before the holidays. The composite index managed this by inching up 1.2% during the NY trading session. NASDAQ100, the more...
Stocks on track to close higher by the end of the week, blockage sends...
Real gross domestic product (GDP) in the US increased at an annual rate of 4.3 percent in the fourth quarter of 2020, according to the "third" estimate released by the Bureau of...
FED vote gives dovish signals, BOE with slightly more optimism
After Wednesday’s FED meeting interest rates were left unchanged. The US Central Bank expects that economic activity in the country will ramp up with inflation the following suit. Unemployment is expected to...
The employment increase in the US boosts markets, more business stimuli in the UK
Total nonfarm payroll employment rose by 379,000 in February, and the unemployment rate was little changed at 6.2 percent, the U.S. Bureau of Labor Statistics reported today. In February, most of the...
EU trade balance in surplus first time in a year, US and Canadian unemployment...
The first estimate for euro area exports of goods to the rest of the world in December 2020 was €190.7 billion, an increase of 2.3% compared with December 2019 (€186.4 bn). This...
Weekly round-up of global economy sees FED maintain course, UK and EU economies still...
The FED January post-meeting statement on monetary policy implements their new framework In particular, they expect that it will be appropriate to maintain the current accommodative target range of the federal funds...
Investors hopeful for an improved job market to signal economic recovery
Friday Non-Farm Payroll data will hopefully confirm investors’ predictions for a recovering economy at the start of the year. The first month of 2021 may add an additional 50,000 new jobs, up...
Predictable FOMC decisions, GDP prognosis hinges on vaccination efforts
The FED has reiterated their support for the market in the latest FOMC meeting on Wednesday. The board continues to acknowledge the virus as the main force that keeps the economic activity...
ECB to provide monetary stimulus as lockdowns hinder recovery
The ailing European economy still struggles to recover from the effects of the virus. Today’s ECB meeting focused on the Euro’s interest rate, the PEPP, the APP, the TLTRO III with more...
All eyes are on Capitol Hill for Inauguration Day
Attention is now turned to Joe Biden's inauguration as the next president of the United States. The event will be marked by a high-security presence due to possible civil unrest and the...
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