Market News Today – Treasuries kicked off May with modest gains, correcting from the losses to end April. Caution ruled as Covid problems remain worries, especially with the spike in India. Wall Street was led by the USA30‘s 0.7% rally, with the USA500 up 0.27%, though the USA100 slipped -0.48% …Czytaj więcej
Market News Today – The markets are grappling with diverging virus and vaccine developments globally, with improving conditions in the West while Asia, and especially India and Japan, have become Covid hotspots.
Wall Street was quick to rebound from the knee jerk drop due to the Biden tax proposal as …Czytaj więcej
According to a report from the World Gold Council (WGC), gold demand for Q1 2021 (excluding OTC) amounted to 815.7t, almost equivalent to Q4 2020, only down 23% compared to Q1 2020. Meanwhile, the average gold price in the first quarter was 13% higher y/y, but it fell 4% q/q. …Czytaj więcej
Market News Today – US Equities moved down again (-0.68%) (Netflix subscribers fell – shares down 11% after close) USD move off 7-week lows (USDIndex at 91.20) & JPY gain safe haven bid as commodity currencies trade mixed. EUR holds 1.2030 & GBP at 1.4000…Czytaj więcej
AstraZeneca, one of the leaders in the global race to develop a vaccine for COVID-19, is facing a series of controversies, as both its vaccine and the Johnson&Johnson (J&J) vaccine are facing possible blood clotting complications, thereby adding to the ongoing list of issues, including dosing doubts, production delays …Czytaj więcej