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Market News

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Financial Market News Feed

There’s no need to browse through a sea of information when you have this useful market tool

Having a personal trading news-feeds sure comes in handy, especially when you’re in a rush. Now, you can always stay updated, by using this handy Market News Feed. It can also be combined with our Economic Calendar to give you a better understanding of the economic events that move the markets.

U.S. Daily Market Review
2020-12-03 17:18UTC
The S&P-500 and the Nasdaq jumped to all time highs on Thursday as investors looked past bleak economic data.At 11:38 a.m. ET, the Dow Jones Industrial Average surged 180.08 points, or 0.60% to 30,063.87.The S&P 500 added 9.03 points, or 0.25% to 3,678.04 and the Nasdaq Composite gained 58.22 points, or 0.47% to 12,407.61.Boeing Co rallied around 7% after budget airline Ryanair ordered 75 additional 737 MAX jets with a list price of $9 billion.Tesla Inc’s 4% gain underpinned the Nasdaq after Goldman Sachs upgraded the stock to “buy” of the company.The number of Americans officially claiming first time for benefits dropped last week, but remained extraordinarily high.The United States announced a bad record of 2,800 deaths from Covid-19. This is the peak on daily basis, according to data compiled by Johns Hopkins University.The U.S. previously reported just over 2,600 deaths on April 15.
European Daily Market Review
2020-12-03 09:41UTC
European markets are between gains and losses.The FTSE-100 added 0.05% while the CAC 40 gains 0.02%. On the other side, the German DAX slipped 0.41%.The pan-European Stoxx-600 gained 0.2% below the flatline by late morning, with oil and gas stocks falling 1.2%.Euro zone business activity massively fell last month as governments across the bloc reimposed strict lockdown policies to try to quell a second wave of coronavirus.IHS Markit’s composite PMI, is regarded as a benchmark to economic health, sank to 45.3 in November from October’s 50.0.
Gold Prices Advance
2020-12-03 06:54UTC
Gold prices rallied this morning during the Asian hours, regaining some of the lost grounds. This comes after the announcement of the first approval for a COVID-19 vaccine, which market a slight a retreat from the safe-haven asset. Now, the precious metal trades at $1833.20, which is another addition of $2.76 or 0.15% from the previous close of 1830.44.The daily trading range is from $1826.01 to 1837.14, while the trading volume is 69.997K.Moreover, the markets are now focused on developments for the latest U.S. stimulus measures.Yesterday, London approved its vaccine. The U.K.’s Medicines and Healthcare products Regulatory Agency became the first regulator globally to approve a COVID-19 vaccine. It accepted BNT162b2, the vaccine jointly created by BioNTech SE (F:22UAy) and Pfizer Inc (NYSE:PFE). Meanwhile, the company Moderna (NASDAQ:MRNA) Inc is also awaiting approval for its candidate mRNA-1273 in the U.S. and Europe.The Fed and the European Central Bank are expected to have their policy meetings, the last for 2020, in the following week. This will further give important market clues for investors and traders.
Asian Daily Market Review
2020-12-03 02:26UTC
Asian markets began Thursday mixed after a tepid day on Wall Street, but are recovering mid-morning as much of the uncertainty that’s plagued markets is being offset by the optimism over the coming COVID-19 vaccines and the resolution of the U.S. election. In Japan the Nikkei is trading flat with a slight gain of less than 0.1% as the Yen continues to weaken versus the U.S. dollar, lending support to Japan’s export sector. Shares of Softbank Group are trading 1.5% higher, and Sony is recovering from losses in the previous sector with a 0.5% advance. Among the major exporters Toyota has a 1.2% gain, Panasonic is losing 0.1%, and Canon is extending gains from yesterday as it is climbing 1.9% higher. In Australia the S&P/ASX 200 is advancing 0.4%, as the big four banks are mixed. Shares of NAB are 0.3% higher, and both Westpac and Commonwealth Bank are 0.3% lower, while ANZ is flat. The major miners are rallying, with BHP jumping 3.5% higher and Rio Tinto rocketing 4.4% higher. In mainland China the Shanghai Composite is losing 0.5% and the smaller cap Shenzhen Composite is falling 0.5% as well, but in Hong Kong the Hang Seng is bucking the losing trend in the mainland as it climbs 0.3% higher. South Korea’s Kospi is gaining today as well, adding 0.3% to the prior sessions gains, while in Taiwan the Taiex is flat with a slight gain of less than 0.1%. Southeast Asian markets are mixed however, with the KLCI in Malaysia up by 0.8% and Singapore’s Straits Times Index falling 0.2%.
Cannabis Shares Outperform Broader Market
2020-12-02 21:04UTC
The Cannabis sector rallied on Wednesday, led by gains for Aurora Cannabis after the United Nations Commission voted to remove cannabis and its resin from Schedule IV of the 1961 Single Convention for Narcotic Drugs. That was the same category that heroin has been classified in, and while it isn’t likely to have any immediate impact at the country level, it does pave the way for more countries to add cannabis to medical research efforts and decriminalization. In addition to the largely symbolic news from the U.N., the United States House of Representatives is due to vote on the Marijuana Opportunity Reinvestment and Expungement Act, also called the MORE Act. If passed it would decriminalize marijuana usage in the U.S., although it isn’t likely to become law anytime soon since the Senate hasn’t expressed plans to act on the bill. Shares of Aurora Cannabis were up 12.9% on the day, with rivals Canopy Growth Corp up 6.7% and Sundial Growers rocketing 23.8% higher. Also gaining were Tilray and Aphria, up 6.9% and 8.4% respectively. Wednesday’s U.N inspired gains come in the wake of substantial gains in November following the election of Joe Biden as the next U.S. President. Investors expect Biden to be more friendly to the cannabis industry, potentially to the point that cannabis is legalized at the Federal level in the U.S. during his presidency. The Cannabis ETF was up 4.6% on the news, and the cannabis themed fund has gained nearly 50% since the start of November in comparison with the 10.8% gain for the S&P 500 as optimism over cannabis legalization grows.
The USD On Dramatic Retreat
2020-12-02 16:27UTC
The USD dropped during the earlier European trading hours. This comes amid vaccine optimism and speculations of further fiscal stimulus from Washington.Presently, the USD versus the Euro trades at 0.82950000EUR, which is another minor loss of −0.00010000 (−0.01%) from the previous close of 0.82960000.The daily trading range is from 0.82220000 to 0.83600000, while the trading volume is 53.167K.Moreover, at 3:55 AM ET (0755 GMT), the USD Index slipped 0.2% at 91.157. The rate of the Euro is boosted by the solid rate of the German retail sales for October. Sales rose 2.6% on monthly basis.The U.K. became the first country in the world to approve the Pfizer/BioNTech coronavirus vaccine for massive use.Moreover, Federal Reserve Chairman Jerome Powell warned that the U.S. economy remains in a fragile state.Powell is due to testify before Congress again later in the day, and the Fed is planned to meet on Dec. 15 to 16.
U.S. Daily Market Review
2020-12-02 16:04UTC
Wall Street are into a lower side today, with the S&P-500 and the Nasdaq falling  from the record levels seen in the previous session as less-than-predicted private job additions in November.At 09:48 a.m. ET, the Dow Jones Industrial Average lost 125.87 points, or 0.43%, to 29,698.05 and the S&P 500 dropped 15.71 points, or 0.44%, to 3,646.36.The Nasdaq Composite fell 130.30 points, or 1.08%, to 12,222.18, out down by a 6% slide in shares of soon-to-be an S&P 500 member Tesla Inc.U.S. private payrolls jumped less than estimated in November. Mortgage applications to purchase a home rallied 9% last week from the previous week, according to the Mortgage Bankers Association. Additionally, purchase applications marked a solid incline of 28% higher versus last year.
European Daily Market Review
2020-12-02 09:46UTC
European markets are into a mixed pattern without a clear direction. The French CAC-40 inclined 1.14% while the FTSE-100 secured 0.06%. On the other side, the German DAX dropped 0.18%.The pan-European Stoxx-600 tumbled 0.3% in early trade, autos falling 1.2% to lead losses. The Brexit discussions are still going on for the U.K. and the EU’s future trading relationship. EU chief negotiator Michel Barnier was cited who stated that the differences remain and a deal is still not reached.The GBP fell below $1.34 as doubts resurfaced over whether Britain can seal a post-Brexit trade with Brussels.Sterling slipped around 0.4% to $1.3369 and versus the common currency.Great Britain has officially became the first country in the world to authorize the Pfizer-BioNTech coronavirus vaccine, starting from next week.
Crude Oil Prices Slipped
2020-12-02 09:18UTC
Oil prices dropped this morning during the Asian hours, extending the falling path amid a surprise build in U.S. crude oil inventories.The Organization of the Petroleum Exporting Countries and allies (OPEC+) is also expected to continue its production reductions into 2021.Currently, oil trades at $44.635, which is  a small addition of $0.255 or 0.57% from the previous close of 44.380.The daily trading range is from $43.895 to 44.655, while the trading volume is 14.829K.The American Petroleum Institute reported that a 4.146-million-barrel build for the week ending Nov. 27. OPEC delayed the 12th OPEC and non-OPEC Ministerial Meeting to Dec. 3, where a supply direction was expected.However, with the United Arab Emirates announced that will preserve the deep output reductions into 2021 Norway’s oil production limitations are due to ease on Dec. 31.
Asian Daily Market Review
2020-12-02 02:10UTC
Vaccine optimism continued to drive overnight gains on Wall Street, but it hasn’t passed through to Wednesday’s Asian session, where most markets are trading lower in opposition to overnight gains in the U.S. Australia’s S&P/ASX 200 is down by 0.4% as Sydney heads into the afternoon session. Shares of the big four banks are mostly lower as NAB is falling 1.2%, Commonwealth Bank is losing 1.1%, Westpac is 0.8% lower, but ANZ is flat with a slight gain of less than 0.1%. The major miners are helping to keep losses muted however as BHP and Rio Tinto have both added 1.2%. In Japan the Nikkei is down 0.2%, despite the Yen softening versus the U.S. dollar even as most other currencies gain on the greenback. Shares of Softbank Group are 0.5% lower, and Sony has a 1.7% loss as production issues have plagued the launch of its newest PS5 gaming console at the start of the holiday shopping season. Meanwhile among the major exporters Toyota is adding 0.9%, Panasonic is up 1.9%, and Canon is surging 3% higher. In mainland China markets are mixed as the Shanghai Composite has a 0.3% loss, but the smaller cap Shenzhen Composite is trading 0.1% higher. Over in Hong Kong the Hang Seng is lower as well, trading down by 0.4%. In South Korea the Kospi leads gains for the region with a 1% advance, and in Taiwan the Taiex is 0.2% higher. Southeast Asian markets are lower today, with Malysia’s KLCI falling 0.5%, Singapore’s Straits Times Index dropping 0.4%, and the Jakarta Composite in Indonesia flat at the open.
Crude Falls As OPEC Postpones Production Cuts Meeting
2020-12-01 22:11UTC
After posting a 27% gain in November crude oil fell for a second consecutive session on Tuesday after OPEC and its allies postponed a meeting to discuss production cuts to Thursday. The meeting was expected to see OPEC and its allies agree to extend production cuts that are due to expire in January, and was thought by most to be nothing more than a formality. Instead the alliance postponed the meeting as several of its members, including de facto leader Saudi Arabia, are concerned about compliance with production cuts from OPEC allies. Of particular concern to them is Russian compliance. The cuts currently take 7.7 million barrels per day from the output of OPEC and its allies. In January those cuts were scheduled to be reduced by 2 million barrels per day, but everyone was sure that the cuts would be held at current levels. With Tuesday’s meeting being postponed to bring Russia to the table to discuss their historical compliance with production cuts the outcome of the meeting is no longer certain. If production cuts were extended it would amount to roughly 150 million barrels of oil taken out of supply in 2021, which would help to provide significant support for prices that have been heavily hit by worries over reduced crude demand in the wake of the coronavirus pandemic. Markets still believe that the cuts will remain intact, but there is a growing feeling that plans for production levels might be ramped up more rapidly now that there is the hope for a COVID-19 vaccine to begin deployment before the end of the year.
U.S. Daily Market Review
2020-12-01 16:21UTC
The S&P-500 and the Nasdaq reached to record marks amid forecasts that a COVID-19 vaccine will be available soon and higher than greater factory data.At 10:08 a.m. ET, the Dow Jones Industrial Average inclined 409.86 points or 1.38% to 30,048.50.The S&P 500 surged 49.33 points, or 1.36% to 3,670.96 and the Nasdaq Composite soared 136.25 points or 1.12% to 12,334.61.U.S. Treasury yields jumped today to enter in the month of December amid a big rally in risk assets.The yield on the benchmark 10-year Treasury note gained 7 basis points to 0.914%, while the yield on the 30-year Treasury bond advanced by a similar magnitude to 1.651%. U.S. construction spending soared more than estimates in October, boosted by solid gains in investment in both private- and public-sector projects.The Commerce Department announced Tuesday that construction spending rallied 1.3% in October.
European Daily Market Review
2020-12-01 10:40UTC
European markets are still without a clear direction.The FTSE-100 added 1.83% while the DAX secured 0.84%. On the other side, the French CAC-40 slipped 1.42%.The pan-European Stoxx-600 surged 0.6% in early trade, banks climbing 2.1% to lead the rising path.German unemployment dropped further in November despite the partial lockdown Officially unemployed people  diminished by 39,000 in seasonally adjusted terms to 2.817 million. Pfizer Inc and BioNTech have applied to the European drugs regulator for conditional for the approval of the COVID-19 vaccine. This move comes after the company applied for U.S. approval on Nov. 20.The Hungarian airliner, Wizz Air Holdings declined 1.06%, after the U.K.-listed Central European airline, was downgraded to sell from neutral by UBS. British consumer confidence has partly advanced as the prospect of vaccines for COVID-19 rallied. The consumer confidence surged 102.3, a rise from 101.4 versus a month ago.
Gold Prices Surge
2020-12-01 07:31UTC
Gold prices jumped this morning during the Asian hours.The precious metal is starting the new month on a higher side amid positive note after coming off its worst month in four years.Now, the yellow metal trades at $1788.34, which is a rise of $11.75 or 0.66% from the previous close of 1776.59.The daily trading range is from $1775.63 to 1788.71, while the trading volume is 72.511K.As a matter of fact, gold marked three consecutive falling week and a loss of almost 6% through November. Presently, main focus of traders and investors is the likely approval of multiple COVID-19 vaccines in the coming weeks. US Federal Reserve Chairman Jerome Powell and Treasury Secretary Steve Mnuchin yesterday stated that  the economy is into recovery but requires some stimulation.Mnuchin asked the Congress to use the CARES Act, worth $455 billion, to put in place a stimulus package to provide a stimulation wave for the economy.
Asian Daily Market Review
2020-12-01 03:01UTC
Asian markets are trading solidly higher on Tuesday morning despite overnight losses on Wall Street as investors remain upbeat over the prospect of a COVID-19 vaccine being deployed before the end of the year. Also helping is the release of the latest Chinese manufacturing PMI data, with the reading coming in at its highest level in a decade. Mainland China’s Shanghai Composite is trading 0.5% higher as a result, while the smaller cap Shenzhen Composite is up by 1%, Meanwhile in Hong Kong the Hang Seng is following the lead set by the mainland and is advancing 0.6%. The best gains in the region are coming from Japan, where the Nikkei is trading 1.5% higher. Investor sentiment has been boosted by overnight weakness in the Yen versus the U.S. dollar. Shares of Softbank are 1.3% higher, and Sony has a gain of 2.1%. Among the major exporter stocks Toyota is adding 0.4%, Panasonic is rising 1.4%, and Canon has a modest 0.2% gain. In Australia the S&P/ASX 200 is trading 1.4% higher, with the big four banks rallying. Shares of ANZ are up 1.4%, NAB has a gain of 0.8%, Commonwealth Bank has added 1.4%, and Westpac is 1% higher. Major miners are also rising, with BHP 1.1% higher and Rio Tinto gaining 1.2%. In South Korea the Kospi is up by 0.9%, and in Taiwan the Taiex is advancing 0.7%. Southeast Asian markets are also broadly higher, with Malaysia’s KLCI jumping 2.5% higher, the Jakarta Composite in Indonesia adding 0.9%, and Singapore’s Straits Times index edging up by less than 0.1%.
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