DAILY MARKET REPORT

DAILY MARKET REPORT

The Bank of England has cut interest rates in an emergency move to help the economy during the coronavirus outbreak. The base rate has been reduced by 0.5% to 0.25%. Britain has confirmed over 370 cases of infection while the death toll has climbed to six so far, even as travel restrictions across the world...
DAILY MARKET REPORT

DAILY MARKET REPORT

Saudi Aramco announced that it would increase crude production and cut selling prices starting in April, sending crude oil prices as well as commodity currencies on a bearish slide, further boosting the risk-off sentiment in markets. Saudi stocks plunged as much as 9% to their lowest since September 2016, with Saudi Aramco down 10%. EQUITIES...
DAILY MARKET REPORT

DAILY MARKET REPORT

This week the global market witnessed more easing measures by the FED, RBA and BOC, now the focus will briefly shift to the US NFP numbers. The market is expecting 175K new jobs, the unemployment rate to remain steady at 3.6% and wages growth of 3%. After strong ADP employment numbers, 183k and US ISM...
Can We Expect a continuous rebound in the global Stock Market?

Can We Expect a continuous rebound in the global Stock Market?

February sell-off February is a terrible time for stocks, as investors panic about the deadly coronavirus spreading and will impact global growth. Stocks plunged for a seventh consecutive day on last day of Feb, with the S&P 500 index falling about 0.8 percent, bringing its loss for the week to about 11.5 percent. It was...