Markets Update Friday 07/08/2020 – No Deal!

Frankfurt – 07/08/20 No Deal! It was once again the same questions that traders at the stock exchanges tried to weigh up: will the extended corona aid package come, or not? What happens in the dispute between the USA and China? And in general, what happens after corona, if there will ever be an “after”? Just before the weekend started, …

Markets Update Thursday 06/08/2020 – Political Poker

Frankfurt – 06/08/20 Political Poker While in Europe, panic is spreading again, in the USA everything is waiting for results in the billions of dollars in negotiations between Republicans and Democrats. But the talks that have been going on for days are stalling, which has not been well received on the stock market so far. More and more, in political …

Markets Update Tuesday 04/08/2020 – Gold Rush

Frankfurt – 04/08/20 Gold Rush The ongoing flight to safe havens continues to go against the tech rally trend and rising stock prices in the USA. Today, for example, the gold price reached a new record high and broke through the $2,000 mark for the first time in history, even rising above $2,027 at times. Trade with the Best Gold …

Markets Update Monday 03/08/2020 – Next wave of optimism

Frankfurt – 03/08/20 Next wave of optimism After the recent setback, investors in the financial markets have become more confident about the week ahead as positive signals have come from the Chinese economy.  As the day progressed, positive sentiment data from both the European and US industries provided a positive boost as well. Last week, fears of a new corona …

Markets Update Friday 31/07/2020 – No “V”!?

Frankfurt – 31/07/20 No “V”!? Yesterday’s after-hours business again showed what seems to be the trend for quite some time: Big-Tech is proving enormous resistance in the crisis, while the rest is badly hit. Apple, Amazon, Facebook and Google, for example, were able to present influential figures, and thus help the market, which was otherwise severely hit today, back on …

Markets Update Thursday 30/07/2020 – GDP Shock

Frankfurt – 30/07/20 GDP Shock Historically weak GDP data due to the corona crisis, as well as mixed company balance sheet reports, have hit the markets hard today and triggered a substantial sell-off.  In addition, it was once again President Trump, who alarmed the markets and surprisingly via Twitter, brought up the issue of postponing the presidential election on 3 …

Markets Update Wednesday 29/07/2020 – Non-event

Frankfurt – 29/07/20 Non-event Investors and daytraders had been waiting for days for the Fed. Now the US Federal Reserve finally had its meeting and announced its decisions. It is not doing more for the time being but is keeping the door open for new crisis aid. This means that nothing new has been brought to the table, and the …

Markets Update Tuesday 28/07/2020 – Waiting

Frankfurt – 28/07/20 Waiting Stock market participants and traders remained cautious due to the many continuing uncertainties. Worries about a second wave of infection and the still delicate situation between the USA and China weighed heavily. Meanwhile, attention is gradually turning to the USA, where the Fed’s interest rate decision is due on Wednesday. Afterwards, Fed chair Jerome Powell will …

Markets Update Monday 27/07/2020 – High on Gold

Frankfurt – 27/07/20 High on Gold There was nothing really new to report at the stock exchanges today. Also, the fact that gold reached a new all-time high today is not that surprising given everything that’s been happening in the markets this year.  Trade with the Best Gold CFD Trading Brokers Investors on Wall Street are hoping for a new …

Markets Update Friday 24/07/2020 – Tit for tat

Frankfurt -24/07/20 Tit for tat In response to the closure of a Chinese consulate in Houston yesterday, China, for its part, has called on the US to close its diplomatic mission in the southwest Chinese city of Chengdu. The license to operate the foreign representation will be withdrawn, the Beijing State Department announced on Friday. China is again calling on …