US stocks faded and European equity markets are broadly weaker following on reports Gilead’s Remdesivir drug isn’t what it was cracked up to be. It had been indications of early positive results for treating Covid-19 patients with the drug that sent markets up at the tail end of last week. We should note these are all leaked reports and the […]

On Monday, the British pound rose slightly against the U.S. dollar, continuing its upward trajectory for the fifth consecutive day, marking its longest winning streak of the year.

Equities squeezing out new ATHs, just about. Amid a hotly-anticipated earnings season that’s only just starting US stocks are  still firming up with the three major indices notching fresh record closes Monday. The S&P 500 ended at 3,014 points to make a modest gain, whilst the Dow eked out a 27pt rise to finish at […]

‘Markets rally on trade deal hopes/tumble on trade war fears’ have been regular refrains of headline writers and commentators for months. The good news, for those of us who detest change, is that these should be applicable in the coming months just as much as over the last year. If you thought phase one was […]

Analysts saw a weaker shekel in the medium term due to the war in Gaza. One USD to ILS forecast had the pair trading at 4.11 by early October 2024.