American stock markets fell today, as European stock indices witnessed a significant decline due to fears of a second wave of the Coronavirus pandemic. This potential return to crisis levels of infection could delay the global economic recovery that has been anticipated – or hoped for – in second half of the year.
Markets are in a state of calm in the absence of important economic data and events, but attention remains on oil prices, the recent volatility in light of the closure of global economies,
When America’s nonfarm payrolls data reveal how much destruction the pandemic has left in its wake, calmness that has encompassed global markets lately will be put to the test next week.
It’s been a chaotic two months for central banks around the world as most have held at least one emergency meeting since the coronavirus crisis. Hence, next week’s regular scheduled meetings of the Federal Reserve (FD), European Central Bank (ECB), and the Bank of Japan (BoJ) will likely not elicit anything new.
The upcoming week could make or break global equities and the demand for safe haven currencies. With the worst of the pandemic now behind Europe and the US also approaching a peak, Wall Street bulls have turned their sights towards when economies will re-open.
Gold prices rose significantly to touch their highest levels since November 2012, taking advantage of the demand for a safe haven
There’s no shortage of volatility at the start of the week, or over-confidence for that matter, as stock markets jump on some relatively promising numbers in recent days.
Today non-farm employment data will be issued in the United States which is expected that to reflect the full impact of the coronavirus outbreak, especially given that the US
The COVID-19 pandemic outbreak is the biggest crisis the old continent has had to face since Hitler started the second world war. The human and economic toll has reached levels that were unimaginable just a few weeks ago
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