Global Markets Weekly Review
Global markets continue to bear the brunt of COVID19 pandemic that has threatened to ground things to a halt. The week commencing 13 April and ending on Friday 17 was [...]
US Jobless Claims Hit 22 Million in Four Weeks
Shares in the United States on Thursday closed on a positive note with the technology sector lifting market sentiment led by Netflix and Amazon. The Dow closed the day 0.14% [...]G20 Suspends Debt Repayment for World's Poorest Countries
Officials from the G20 countries (Group of 20 major economies) have announced plans to suspend both principal repayments and interest payments on loans for the world's poorest countries. The waiver [...]
Carmakers Set to Reopen Plants in Europe
Carmakers are slowly preparing to reopen their manufacturing plants in Europe, after temporarily shutting them down in a bid to prevent the spread of coronavirus. Toyota, Renault, Hyundai, Volkswagen, and [...]Amazon Stock hits new all-time high amid virus outbreak
Shares of American e-commerce company Amazon.com Inc. on Tuesday rose to a new all-time high as the coronavirus-related lockdowns pushed customers to increase usage of internet services. In order to [...]OPEC+ Deal Removes Unnecessary Volatility in the Oil Market
In our global markets podcast this week we host our esteemed analysts; Gaurav Kashyap in Dubai and Mark Lee in London. The Chat as the week begins is on crude [...]OPEC+ Approves Biggest Ever Oil Cut, 9.7M BPD
After four days of negotiations, OPEC+ has approved the biggest ever oil cut by 9.7 million barrels per day. Oil producers will commence oil cuts on May 1, 2020, and [...]OPEC and Russia Agree to Cut Oil Production by 10M BPD
OPEC and Russia have agreed to cut oil production by up to 10 million barrels per day effective May 1, 2020. However, oil prices recorded sharp declines after the announcement [...]US Unemployment Claims Continue to Soar
Global markets on Thursday made partial gains on sentiments that the COVID19 pandemic is nearing a peak and that governments across the globe would roll out more stimulus measures to [...]Air New Zealand Lays Off Almost 400 Pilots
Air New Zealand has announced plans to declare nearly 400 of its pilots redundant, as one of the means of trying to stay afloat amid the COVID-19 pandemic, that has [...]WTO Projects Global Trade to Fall Between 13pc and 32pc
Economic turmoil caused by COVID19 continues to mount as global markets seesawed in Wednesday's trading. Markets in the United States, Europe, Hong Kong, and Australia will have a shortened trading [...]Global Markets Wrap-Up 07/04/2020
US Market Open Major US stocks opened Tuesday's trading on a higher note after the Fed announced on Monday it was creating a facility to allow small businesses to access [...]
