Economy

The next move will be determined by whether traders decide to follow the bullish LNG news or the bearish weather outlook. Natural gas futures are trading near flat shortly before the regular session opening and the release of the latest government storage report. The market…

German stock index DAX 30 has reached a critical -61.8% Fibonacci target zone. Will price action show a bearish reversal or a bullish trend? The German stock index DAX 30 has reached a critical -61.8% Fibonacci target zone. Will price action show a bearish reversal…

The indexes were trading higher, but retreated late in the day as reopening trades like airlines and cruise operators reversed earlier strength. The major U.S. stock indexes closed lower across the board on Wednesday, following through to the downside after the prior session’s sell-off. Pressure…

Powell, Yellen reiterated their belief that, thanks in large part to fiscal and monetary stimulus, the U.S. economy will see marked growth in 2021. Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen spoke about the economic response to the coronavirus in front of…

Manufacturing sector activity at record levels wasn’t enough for the EUR this morning. Fresh lockdown measures remains a drag near-term. It’s a particularly busy day on the Eurozone economic calendar today. Prelim March private sector PMI numbers for France, Germany, and the Eurozone were in…

British shares inched lower on Wednesday as a jump in COVID-19 cases across Europe stoked worries about its near-term economic impact, while Bellway fell after posting lower half-yearly profit. The blue-chip FTSE 100 index was down 0.6%, with bank stocks including HSBC Holdings, Barclays Plc,…

The dismissal of central bank governor Naci Ağbal worsens the crisis of confidence in Turkey’s monetary policy, further undermining macroeconomic stability. This is credit negative for Turkey’s B/Negative sovereign ratings. Saturday’s announcement of the sudden change in central-bank leadership, shortly after a market-friendly, above-expectation 200bp…

Treasury Secretary Yellen said the U.S. economy remains in crisis from the pandemic even as she defended developing plans for future tax increases. The major U.S. stock index futures fell on Tuesday as investors raised fresh concerns about the cost of infrastructure spending and potential…

WTI oil declined below the psychologically important $60 level. Stocks And Commodities Are Under Pressure Amid Virus Fears S&P 500 futures are losing ground in premarket trading amid concerns about new lockdowns in Europe and continued deterioration of relations between China and Western countries. Germany…

Treasury yields pulled back from recent highs, providing some support to tech stocks. Treasury Yields Move Lower S&P 500 futures are swinging between gains and losses in premarket trading as traders evaluate their next moves after yesterday’s sell-off. On Thursday, Treasury yields surged to new…