Market Insights


SP according to Reuters news(4 August 2020)– Australia's retailers are facing a consumption drought as the country's second biggest state locks down to fight the coronavirus and as data showed sales volumes suffered their biggest plunge in two decades in the second quarter.
SP according to Reuters news(4 August 2020)– U.S. manufacturing activity accelerated to its highest level in nearly 1-1/2 years in July as orders increased despite a resurgence in new COVID-19 infections, which is raising fears about the sustainability of a budding economic recovery.
SP according to Reuters news(4 August 2020)– Sovereign borrowing costs have taken another lurch lower as more COVID-19 outbreaks threaten economic recovery, yet five months after the pandemic panic first hit, a divergence is opening up within four of the world's biggest bond markets.
SP according to Reuters news(3 August 2020)– Asian share markets turned mixed on Monday as U.S. lawmakers struggled to hammer out a new stimulus plan amid a global surge of new coronavirus cases, though a squeeze on crowded short positions left the dollar clinging to a tentative bounce.
SP according to Reuters news(3 August 2020)– Oil prices fell on Monday on oversupply concerns as OPEC and its allies wind back production cuts in August and a rise in worldwide COVID-19 cases points to a slower pick-up in fuel demand.
SP according to Bloomberg news(3 August 2020)– Gold’s spot and futures prices opened the week by hitting records, with metal for immediate delivery closing in on $2,000 an ounce as the search for haven assets continued amid the coronavirus pandemic.
SP according to Reuters news(31 July 2020)– Britain's central bank will shed more light next week on how fast it expects the economy to rebound from the financial damage wrought by COVID-19, but is unlikely to add to the 100 billion pounds of stimulus it announced in June.
SP according to Investing news(31 July 2020)– The benchmarked price of U.S. oil settled beneath $40 a barrel on Thursday, snapping a support level critical to longs in the market, as traders brushed away a big crude draw reported by the government on Wednesday to focus on demand worries sparked by Covid-19.
SP according to Reuters news(31 July 2020)– Shares of Apple (O:AAPL), Amazon (O:AMZN) and Facebook (O:FB) surged in extended trading on Thursday, with Alphabet (O:GOOGL) also climbing, as quarterly reports from the Big Tech quartet added fuel to Wall Street's four-month rally.
SP according to Reuters news(30 July 2020)– A record-breaking flood of gold investment that has driven prices to all-time highs was not enough to stop a collapse in jewellery sales from cutting global demand for the metal by 6% in the first half of 2020, the World Gold Council (WGC) said.
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