The FTSE 100 index dropped by almost 2% as investors focus on the weak oil prices and the ongoing earnings...
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JoinedMar 22, 2020, 20:04 GMT
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The GBPUSD pair was little moved today even after the Office of National Statistics (ONS) released jobs numbers for February. The pair held steady at around 1.2417.
Asian stocks declined today following the sharp declines in the United States yesterday. In Japan, the Nikkei 225 index dropped...
The BTC to GBP pair was little changed today as the markets focused on the ongoing Brexit meetings. Many Bitcoin...
The Dow Jones index declined by more than 2% mostly because of the falling oil prices, rising risks of a deeper recession in the United States, and the ongoing corporate earnings season.
Falling Oil Prices Drag Dow Jones
As we reported earlier today, the price of United States oil dropped to the lowest level in more than two years. This decline happened as investors continued to question the deal that was signed between OPEC and Russia in the previous week. The key concern is that the deal will not help to rebalance oil prices because of the lack of demand. In fact, according to analysts, oil storage in the United States is running out. Just last week, the EIA reported that inventories had jumped to an all-time high of 19.5 million barrels.
The pound to rand (GBPZAR) pair rallied as more problems started to emerge in the South African economy. Over the weekend, the number of coronavirus infections rose to more than 3,000. Deaths rose to more than 50 people.
Copper price declined slightly today partly because of the strength of the US dollar. The dollar index, which measures the...
The DAX index rose by 80 points as investors focused on the slowing coronavirus cases in Germany. The number of active cases in the country has dropped from a high of 72,865 to a low of 53,100. The index was also helped by positive earnings from Vivendi and Philips.
The GBPUSD pair stalled today as the European Union and the UK restart the stalled Brexit talks. Members from both...
The EURUSD pair retreated in early trading as investors started to question the financing deal that was agreed by European finance ministers. According to the Financial Times, the bloc’s plan for a multitrillion euro recovery project will likely face political opposition from several countries.
The Nikkei 225 declined by more than 1.50% as investors reacted to the surging coronavirus cases in Japan and the...
The Dow Jones index rose by more than 800 points as a drug by Gilead showed signs that it could treat coronavirus. The revelation yesterday provide relief to investors, who have been worrying about the disease.