Insights
U.S. equities still on an upward climb, Russia claims to have world’s first Covid-19 vaccine
Market sentiment moved higher on analysts’ beliefs that the U.S. economy is set to fully reopen, while news agencies reported Russian President Vladimir Putin claimed the country had given regulatory approval for the world’s first Covid-19 vaccine. Even though there is doubt that Russia already has a vaccine in place, the news triggered optimism from […]
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By MoneyWay
U.S. equities continue to move higher
U.S. equities are moving higher against a backdrop of uncertainty over a new coronavirus stimulus package. Some big tech stocks are taking a breather even as the S&P 500 is within reach of an all-time high. Also, investors are keeping one eye on the increasing tensions between China and the U.S., today, China said it […]
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Markets are better, Canadian dollar stronger to USD
Oil prices moved higher on lower inventory numbers plus Saudi Arabi and OPEC have taken nearly ten million barrels of oil a day out of production allowing prices to rise to a five-month high. Concerns of the pandemic still persist and markets generally not just oil are looking for some sort of a plateau in […]
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U.S. GDP worst ever
The U.S. economy saw the biggest quarterly plunge in activity ever, though the plummet in the second quarter wasn’t as bad as feared. Gross domestic product from April to June plunged 32.9% on an annualized basis, according to the Commerce Department’s first reading on the data released Thursday. Economists surveyed by Dow Jones had been […]
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U.S. consumer confidence takes wind out of markets’ sails
The U.S. consumer confidence index fell to 92.6 in July, down from a revised 98.3 in June, according to The Conference Board. Economists polled by Reuters expected a reading of 94.5 in July, down from the previously reported 98.1 in June. The decline in confidence came as cases of Covid-19 continued to climb across the […]
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Mixed messages by markets
Gold prices reached recent record highs while North American equities also moved higher. Gold moved higher on two fronts, one, China-U.S. tensions continue to grow and two, the Covid-19 virus numbers look like there is no end in sight. Both of these have expectations of a slowing global economy therefore gold has become the ultimate […]
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