August 02, 2020

Last week, global GDPs from U.S. to Europe were released, posting the sharpest quarterly downturn on record, driven by shutdown policies to combat the pandemic. On the bright side, the negative GDPs mostly were better than estimated. The three big U.S. tech companies, i.e. Amazon, Apple and Facebook, released their results which were significantly better …

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July 26, 2020

Last week, stocks tumbled to the lowest level in a week on concerns over an escalation in U.S.-China tensions as well as the unexpected rise in U.S. jobless claims. On the positive side, European Union leaders agreed on a $750 billion stimulus package to help member states milder the economic downturn. Below we summarise questions …

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July 19, 2020

Last week major global stocks finished higher with light summer trading, courtesy of vaccine optimism and positive economic data. In U.S. retail sales jumped more than 7%, close to its pre-virus level and industrial production increased the most since 1959. In Europe, stocks benefited from renewed investor popularity. Fund managers "bought Europe on fiscal stimulus", …

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July 12, 2020

Last week major global indices impressively closed higher, against the rise of Covid-19 cases in the U.S sunbelt states and increasing tension between U.S. and China. On Thursday, equities were shaken and bonds boosted amid some risk-off jitters. But, on Friday, equity rallied led by technology and long-term growth stocks, while Treasuries retreated with the …

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July 05, 2020

Last week, stocks ended June and started the third quarter on a high note. Better than expected economic data and more promising medical development for Covid-19, as well as optimism over fiscal stimulus and an economic recovery largely overcame fears of a second wave of the coronavirus outbreak....

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June 28, 2020

Last week, stocks plummeted to two weeks low amid second wave of virus and economic recovery concerns. The Stock market has priced in a V-shape economic recovery, so anything that threatens such a premise could increase volatility. European PMI data was promising as it indicated a V-Shape recovery, versus U.S. macro data which offered a …

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June 21, 2020

Last week, global stocks rebounded on better than expected economic data and optimism of new stimulus. Below, we summarized what mattered the most for the market: • U.S. retail sales jumped by about 18% – a record monthly increase, which signals economy is rebounding from depressed level. • Trump administration announced a $1 trillion infrastructure …

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June 14, 2020

Last week, global stocks started and finished the week well, but saw a dramatic sell-off in between, amid concerns over a second wave of coronavirus infections and doubts about a rapid economic recovery. Also, market reacted to the Federal Open Market Committee, FOMC, which called the outlook highly uncertain and with "considerable risks” and acknowledged …

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June 07, 2020

Last week, global stocks rallied for a third straight week in a row. Majority of investors and economists are puzzled and are concerned that the recent rally has gone too far, considering shaky fundamentals. Below is the summary of news that acted as a catalyst for market rally, in our view,...

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May 31, 2020

Last week, global stocks continued to rally, and U.S. stocks closed out a second straight winning month. Investors appear to be feeling increasingly optimistic as more economies around the world reopen after being shuttered due to the Covid-19 outbreak, and promising news of COVID-19 vaccine and treatment, in a near future. The rally was led …

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May 24, 2020

Last week, global stocks managed to close higher. Optimism over the reopening of the economies and some positive news about progress on vaccine trials, cancelled out the negative news around renewed China-U.S. geopolitical tensions, as China planned to impose a new security law on Hong Kong, followed by announcement of a probable delisting of Chinese …

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May 17, 2020

Last week, major global stocks erased most of the prior week's gain, as a result of disappointing economic releases and escalating tensions between U.S and China. President Trump said that he doesn't want to talk to Chinese President Xi Jinping right now and muses about eliminating the largest trading relationship in the world, amid coronavirus, …

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May 10, 2020

Major global indices finished higher last week, with technology and energy leading the way. Investors' focus shifted from latest company earnings, with the majority of companies in U.S. and Europe having reported figures that have been poorer than expected, and poor labour data, towards resumption of U.S.-China trade talk as early as next week....

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April 26, 2020

Last week, major global indices declined as a historical drop in oil prices sparked market volatility. Oil prices closed -$37 on Monday. Intuitively, the negative sign for each barrel of oil may not make sense – this is due to future market. Oil prices are usually referenced by the future contracts, that clarify the term …

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April 19, 2020

Last week, stocks advanced for the second week in a row. Economic data released for the month of March was extremely weak across the board, amid the pandemic and sudden economic stop. However, investors cheered the massive fiscal and monetary stimulus meant to offset the impact of the pandemic and the announcements that governments are …

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April 12, 2020

The strangest Easter! Last week major global stocks rallied in a holiday shortened week, with S&P 500 recording its biggest weekly gain in 45 years. Courtesy to virus growth rate's slowdown in Italy and Spain, along with fewer hospitalisations in New York, which raised hopes among investors that the worst of this outbreak might be …

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April 05, 2020

Worst quarter on record! Stocks declined last week amid soft economic data and the extension of social distancing. In U.S., consumer confidence cooled, not collapsed, while 10 million Americans were filing for unemployment benefits only in the last two weeks – in 2008 crisis it took 28 weeks to reach such a figure....

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March 29, 2020

Last week stocks recorded their best week in more than 11 years, with back to back gains for the first time in over a month, although they remain on average 25% off their February high. Investors speculated that the current government and fiscal stimulus will blunt the coronavirus pandemic's toll on economy....

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March 22, 2020

“What a year this week has been”. Extreme volatility persisted with record losses across bonds and equities, as markets focused on the increasing number of coronavirus cases and the economic damage caused from social distancing. We have tried our best to manage the avalanche of information on new policies, technicals and fundamentals....

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March 15, 2020

Historic week for market with hell of a ride, after Black Monday in 1987! Last week, major global indices had double digit losses and entered bear-market territory. World Health Organization had declared the coronavirus a global pandemic and the oil price had its biggest one-day decline since 1991. We would like to walk you through …

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