DAILY MARKET REPORT

DAILY MARKET REPORT

“Nurses are the real heroes of this epidemic”, Dr Marco Vergano, Turin Italy. To all doctors and nurses who are risking their life to cure coronavirus patients, we salute and thank you all! EQUITIES European shares rose on Tuesday, following a sharp sell-off in the previous session triggered by panic over the hold that the...
DAILY MARKET REPORT

DAILY MARKET REPORT

The Federal Reserve cut interest rates to near 0% on a Sunday evening emergency meeting, as a follow-up move less than two weeks before it cut rates for the first time. The Fed has also committed to increasing its balance sheet by around $700 billion over the next few weeks to provide some support to...
Gold Price Weekly Outlook

Gold Price Weekly Outlook

Last week Gold traders witnessed worst week since 2016. The gold price tanked the worst two-day drop in history as pandemic panic grips global financial markets. Gold is down more than 9% on a weekly basis; the price is down more than $175 an ounce from its opening levels on Monday which could lead to...
DAILY MARKET REPORT

DAILY MARKET REPORT

As Coronavirus spreads from country to country, town to town, the human and economic cost is escalating day by day. The WHO reported on March 12 that the number of cases has risen to 125,288 with 4,614 deaths. EQUITIES Global markets suffered record falls on Thursday as alarm over the coronavirus intensified, and governments from...
DAILY MARKET REPORT

DAILY MARKET REPORT

Adidas announced robust earnings but warns on Coronavirus impact. For Q1 2020, Adidas estimates that revenues in Greater China will be between €0.8bn-€1bn lower than Q1 2019. They also expect operating profit to decline by €0.4bn-€0.5bn. CEO Kasper Rorsted said that the company hoped to reach double-digit growth in 2020, but stressed the coronavirus outbreak...