EconomyWeb | Global Economic Outlook
MARKETS • Stocks
Jump in Coronavirus Cases Could Jeopardize Oil Market Recovery, OPEC Says
July 14, 2020
Even a record-breaking rise in oil demand next year won’t be enough to spur a recovery back to pre-coronavirus levels, according to the Organization of the Petroleum Exporting Countries.
World Stock Markets

Stock Market Data by Investing
The DOW JONES Index - Top 30 Blue Chip U.S. Companies
The EURO STOXX Index - Top 50 Blue Chip European Companies
Stock Market Charts by CNBC
Market Report
Wall Street edges higher as earnings season kicks off
July 14, 2020
Investors lodged in ‘zone of uncertainty’ while US states grapple with coronavirus
Wall Street edges higher as earnings season kicks off
July 14, 2020
Investors lodged in ‘zone of uncertainty’ while US states grapple with coronavirus
Investors face an uncharted course
July 14, 2020
Mike Mackenzie’s daily analysis of what’s moving global markets
Market News
Market Insight
SolarWinds Corp: Contrarian IT Stock May Be Set for Multi-Year Breakout
July 14, 2020
SolarWinds Corp: Great Opportunity for Potential Breakout While the tech-heavy Nasdaq continues to trade at new record highs, many technology stocks have been left out of the party. But that means opportunities to invest before possible breakouts. This is the case with IT infrastructure management software company SolarWinds Corp (NYSE:SWI), which has underperformed. At the time of this writing, SWI stock is down 2.6% this year. Meanwhile, the Nasdaq is up 16.7%. SolarWinds stock has been drifting in a lackluster. The post SolarWinds Corp: Contrarian IT Stock May Be Set for Multi-Year Breakout appeared first on Profit Confidential.
Fire & Flower Holdings Corp: New Project Could Help $0.55 Pot Stock Double Again
July 14, 2020
Fire & Flower Holdings Corp Up 236% Since March Fire & Flower Holdings Corp (OTCMKTS:FFLWF, TSE:FAF) has been one of the best-performing pot stocks since the recent pandemic-fueled sell-off. Since March, FFLWF stock has soared about 236%. Yes, a rising tide lifts all boats, but Fire & Flower stock's strong gains are justified. The company reported solid first-quarter results, with revenue up, improved operational performance, and. The post Fire & Flower Holdings Corp: New Project Could Help $0.55 Pot Stock Double Again appeared first on Profit Confidential.
Read more Comments Off on Stock Market
MARKETS • Forex
Goldman Sachs sees the Chinese yuan strengthening to 6.70 against the dollar in the next 12 months
July 15, 2020
The Chinese yuan is set to see a sizable appreciation against the greenback in the next 12 months, according to Zach Pandl of Goldman Sachs.
World Currency Markets

Currency Market Data by Investing
Euro/US Dollar - FX Spot Rate
US Dollar/Japanese Yen - FX Spot Rate
Currency Market Charts by CNBC
Market Report
Canadian Dollar Price Analysis: USD/CAD Range Remains for Now
July 14, 2020
USD/CAD has built into a range over the past month and despite the fireworks that have shown elsewhere, USD/CAD has yet to show signs of breaking out of this chain of mean reversion.
EUR/GBP Analysis: EURGBP Turns Sharply Higher After Failed Breakdown
July 14, 2020
EUR/GBP has rebounded sharply after the recent failed breakdown.
EUR/USD, EUR/JPY Bullish Breakouts Extend Gains - Key Levels
July 14, 2020
The Euro continues to post solid gains at the expense of the Japanese Yen and the US Dollar.
US Dollar Index

US Dollar Currency Index
US Dollar Index Chart by CNBC
Market Analysis
XE Market Analysis: Asia - Jul 14, 2020
July 14, 2020
The Dollar was slightly lower overall on Tuesday in N.Y., though trading ranges were generally narrow. A warmer than expected June CPI print had little impact on markets. Wall Street was choppy, though ultimately found a footing in positive territory on some better than expected earnings from JP Morgan and Citigroup, while Treasury yields were slightly lower. EUR-USD based at 1.1361 in early trade, later peaking at 1.1406. USD-JPY eased to 107.17 lows, down from 107.43 at the open.
XE Market Analysis: North America - Jul 14, 2020
July 14, 2020
The dollar firmed moderately and then weakened moderately, while the pound underperformed and the euro outperformed. Asian and European stock markets declined, following Wall Street's negative close yesterday, while U.S. index futures lifted. S&P 500 futures were off the highs but showing a 0.3% gain as of the early afternoon in Europe. Unexpected strength in China's June import and export data (which rose by 2.7% y/y and 0.5% y/y, respectively, versus median forecasts for -10.0% and -1.5%) failed to have much impact on risk appetite, although providing some balance as some U.S.
Read more Comments Off on Currency Market
MARKETS • Commodity
Gold edges above $1,800/oz, propped up by virus woes
July 14, 2020
Spot gold rose 0.2% to $1,805.83 per ounce by 10:42 am EDT (1442 GMT). U.S. gold futures fell 0.2% to $1,810.20.
World Commodity Markets

Commodity Market Data by Investing
Brent Crude - Global Benchmark Oil Price
Gold - The London Gold Fixing
Commodity Market Charts by CNBC
Market Report
Where's crude heading? Morgan Stanley says to watch the oil-gold ratio
July 14, 2020
Analysts at Morgan Stanley believe the ratio between two of the world's most-watched commodities is "worth highlighting."
CDC says 9% of meatpacking plant workers have been diagnosed with Covid-19
July 7, 2020
About 9% of workers at meat and poultry processing facilities across 14 states have been diagnosed with Covid-19, according to the CDC.
Copper prices could see a 'supercharged recovery' this year — but analysts are still cautious
July 6, 2020
Uncertainty around copper production, demand for the metal and a second wave of the coronavirus could mean further price rises are limited, analysts have predicted.
Crude Oil

Crude Oil WTI - West Texas Intermediate Crude Oil Price
Crude Oil Chart by CNNMoney
Market Analysis
Biden promises $2tn green energy and infrastructure plan
July 14, 2020
US Democratic presidential nominee aims to create millions of jobs while cutting emissions
Rusal presses Vladimir Potanin to shake up Norilsk after Arctic spill
July 14, 2020
Leading shareholder slams ‘collective inertia’ of directors at metals group controlled by billionaire
Gazprom plunges to first loss since 2015 as Europe gas demand tumbles
July 14, 2020
Russian state group also hit by drop in value of the rouble
The coming oil supply rise
July 14, 2020
The latest energy news: rolling back output cuts, price of carbon heats up, Americans hit the road
Coronavirus: why oil companies are scrambling to survive
July 14, 2020
The lasting impact of the pandemic is starting to sink in
Market Insight
Read more Comments Off on Commodity Market
MARKETS • Bonds
Wall Street edges higher as earnings season kicks off
July 14, 2020
Investors lodged in ‘zone of uncertainty’ while US states grapple with coronavirus
World Interest Rates

Bond Market Data by Investing
U.S. 10 Year Bond Yield - U.S. Treasury Bond
Germany 10 Year Bond Yield - German Government Bond
Bond Market Charts by CNBC
Market Report
High drama in high yield: How Covid-19 and oil crisis double-whammy hit markets
April 1, 2020
Coronavirus and the OPEC price war combine for a one-two punch to high yield markets.
Avoiding fallen angels in the credit sector
March 31, 2020
The bull/bear debate in credit markets in 2020, is whether we face an early 1980s-type bear market or a 2008 valuation scenario.
Market Insight
Read more Comments Off on Bond Market
MARKETS • Outlook
Trump says new legislation will allow US to better hold China accountable
July 14, 2020
Trump says new legislation will allow US to better hold China accountable

Edward Lawrence on Trump speech, Ruth Bader Ginsburg

Trump: Hong Kong will be treated the same as mainland China
July 14, 2020
 Trump: Hong Kong will be treated the same as mainland China

Trump on China, Hong Kong autonomy, coronavirus

Once Trump takes extreme measures against China, ‘there’s no going back’: Expert
July 14, 2020
Once Trump takes extreme measures against China, ‘there’s no going back’: Expert

Michael Pillsbury on US-China relations and Hong Kong autonomy

Read more Comments Off on Market Outlook
MARKETS • Comment
Thai Stock Market May Find Traction On Wednesday
July 15, 2020
The Thai stock market has finished lower in back-to-back trading days, sliding more than 20 points or 1.7 percent along the way. The Stock Exchange of Thailand remains just above the 1,340-point plateau although it's tipped to halt its slide on Wednesday.
Indonesia Stock Market May Extend Winning Streak
July 15, 2020
The Indonesia stock market has finished higher in back-to-back trading days, gathering almost 50 points or 1 percent along the way. The Jakarta Composite Index now rests just beneath the 5,080-point plateau and it may add to its winnings on Wednesday.
Japanese Market Rises Ahead Of BOJ Decision
July 15, 2020
The Japanese stock market is rising on Wednesday following the positive cues overnight from Wall Street and on optimism about a coronavirus vaccine. Biotech firm Moderna said its experimental vaccine for COVID-19, mRNA-1273, produced strong immune responses in all 45 patients in an ongoing early-stage human trial.
Read more Comments Off on Market Comment