Markets Update Monday 24/08/2020 – Wall Street Rally continues

Frankfurt – 24/08/20 Wall Street Rally continues On Wall Street, there is still an enormous amount of euphoria, and traders are in a party mood. Driven by hopes of a cure for the coronavirus, the US indices climbed to new highs. US President Donald Trump granted emergency approval for the so-called immunoplasm therapy – the treatment of corona with blood ...

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Markets Update Friday 21/08/2020 – USA up, Europe down

Frankfurt – 21/08/20 USA up, Europe down Reports that the Mainz, Germany, based biotech company Biontech and its research partner in the USA Pfizer are making good progress in the search for a vaccine against the Sars-Cov-2 virus initially supported the share prices at the end of the week. The two companies have started the decisive phase three with their ...

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Markets Update Thursday 20/08/2020 – Give me hope, Joanna!

Frankfurt – 20/08/20 Give me hope, Joanna! Today’s trading day provided food for thought. Because no less a person than the US Federal Reserve recently put the brakes on euphoria because of Corona. According to the FOMC meeting minutes from the end of July published yesterday, the Fed expects that the corona crisis will put the brakes on rapid economic ...

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Markets Update Wednesday 19/08/2020 – Fed Doves

Frankfurt – 19/08/20 Fed Doves After the US stock markets continued their rally also during most of today’s trading day, the latest FOMC meeting minutes triggered a sizeable sell-off. It all started as yet another record-day for the US equity markets, but then the mood turned sour. Then the Fed presented its latest FOMC minutes, which describe that the economic ...

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Markets Update Tuesday 18/08/2020 – Records on shaky feet

Frankfurt – 18/08/20 Records on shaky feet Optimists and pessimists once again fought a fierce battle in the market today and caused several changes of direction for many financial instruments. The focus on the Forex market was primarily on the euro and the precious metal gold, next to the US stock indices that reached new all-time-highs. Many market analysts doubt ...

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Markets Update Friday 14/08/2020 – FUD vs Hope

Frankfurt – 14/08/20 FUD vs Hope Fearing new travel restrictions with corresponding consequences for the economy, investors withdrew from the European stock markets on Friday. However, new impulses could come from America. Today, in addition to the political situation in the US, the rising number of new corona infections in Europe also weighed on prices. If travel within the European ...

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Markets Update Thursday 13/08/2020 – Torn

Frankfurt – 13/08/20 Torn Investors were once again torn to and fro on the international stock markets. Bulls and bears fight in many trading pairs for headwaters, but again and again, things also move back in the opposite direction. Although the situation on the US labour market eased, for the first time since the beginning of the corona crisis in ...

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Markets Update Wednesday 12/08/2020 – Risk-rally continues

Frankfurt – 12/08/20 Risk-rally continues Hopes for a new stimulus package in the US and robust economic data from the EU have once again triggered investors’ risk appetite, putting heavy pressure on traditional safe havens like gold or the Japanese yen. Investors are firmly (and deliriously?) expecting a sharp economic recovery and are leaving the safe haven to buy, especially ...

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Markets Update Tuesday 11/08/2020 – Gold Crush

Frankfurt – 11/08/20 Gold Crush Solid economic data from Germany and a possible new economic stimulus package in the USA are again fuelling hopes of a rapid economic recovery. These factors drove prices higher today, and many places saw decent gains.  On the other side of the coin, however, is gold. With a cataclysmic sell-off of more than $200, the ...

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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, ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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