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The United Kingdom (UK) and the European Union (EU) are said to have reached an agreement to coordinate financial markets regulation following the Brexit, Bloomberg reported. The agreed upon Memorandum of Understanding (MoU) has been finalized and is pending the official procedures of approval and ratification. The agreement identifies the …

Consumer sentiment in the United States continued to rise in March, reaching its highest level in a year, data by the University of Michigan showed on Friday. The Index of Consumer Sentiment improved by 10.5% to 84.9 in March, from 76.8 in February. However, it declined on an annual basis …

The Personal Consumption Expenditures (PCE) Price Index in February edged lower to 0.2% on a monthly basis and came in lower than the market expectation of 0.5%, the data published by the US Bureau of Economic Analysis showed on Friday. On a yearly basis, the PCE Price Index rose to …

The US Bureau of Economic Analysis reported on Friday that Personal Income in February declined 7.1% on a monthly basis. This reading followed January’s impressive increase of 10.1% and came in slightly better than the market expectation for a decrease of 7.3%. Further details of the publication showed that Personal …

Oil prices rose today by about 2%, to rebound due to fears that the float of a giant, stranded container tanker, impeding the movement of navigation in the Suez Canal, may take weeks, which may put pressure on the supplies of crude and refined products. But prices are still heading …

The Turkish lira fell to 8.09 against the dollar on Friday as investors remain concerned about the sudden dismissal by President Recep Tayyip Erdogan of the central bank governor and his replacement with another supporter of tightening monetary policy. The pound fell by up to 1.9% against the US currency …

A survey showed today, Friday, that German business confidence reached its highest level in nearly two years in March, as increased demand for manufactured goods kept factories in Europe’s largest economy in a state of activity during the rise in infections with the Coronavirus and restrictions of general isolation. The …

China’s Commerce Ministry said in a statement on Friday, that they will impose anti-dumping measures on some Australian wine imports for five years, effective March 28. “Importers bringing in wines related to the anti-dumping activities ruled by China will need to pay tax to China’s customs authority, “the statement read.

Inflows data from Bank of America showed that investors pumped $45.6 billion into monetary funds in the week ending March 24, in the largest inflows since April 2020, and intensified their exposure to US financial instruments shielded from inflation. Bank of America said that inflation-protected securities funds saw inflows of …

The Suez Canal Authority said today, Friday, that it is looking forward to cooperating with the United States in efforts to float the container ship that has disrupted shipping for three days. The authority said in a statement, “The Suez Canal Authority appreciates the offer made by the United States …