Daily Market Review

Daily Market Review July 23

The current crude supply is becoming a hassle for crude oil prices as early morning today oil prices tried to remain steady but traded below $50 a barrel. Demand looks a little buoyant in the U.S. but having a hard time keeping up with supply. Analysts are of opinion that there needs to be a […]

Daily Market Review July 22

The second largest economy of the world sees a little pressure from its industrial sector and a lot of measures and efforts are needed to revive the economy. China’s industrial sector faces a problem despite official data showing China’s factory output rising by five month for the month of June. Attaining justified profits is proving […]

Daily Market Review July 21

On Tuesday, Greece submitted the bill needed to start rescue talks. Now, Prime Minister Alexis Tsipras has until Wednesday night to get those measures adopted in the assembly. His previous set of reforms led to a rebellion in his party last week and passed only thanks to votes from pro-EU opposition parties. Although the second […]

Daily Market Review July 17

Early morning today, crude oil prices fell on Asian trading aftermath the Iran nuclear deal and investors shed worries of global crude glut on the market. The weekly U.S. oil rig count report will be released by the oil services firm today. Investors prefer to await this report in order to get a better overview […]

Daily Market Review July 16

Janet Yellen, the Fed’s chair, testified yesterday and raised hopes again for a possible hike in the interest rates towards the end of this year. However, the overall outlook on the U.S. economy looks bleak due to weak retail sales. Janet Yellen gave a hint that the labor market might see a progress this year […]