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European stocks maintained their upward trend on Tuesday, supported by positive news about a vaccine against the Coronavirus disease (COVID-19). The pan-European STOXX 600 index rose by 0.99%, while the UK’s FTSE100 ended higher by 1.79%. In France, the CAC40 index gained 1.55%, while the German index DAX finished up …

The United States economy is more vulnerable due to rising debt levels by some companies prior to the Coronavirus crisis, according to the President of the Federal Reserve Bank of Boston, Eric Rosengren, said on Tuesday, Reuters reported. “Those segments of the labor market most affected by amplified business cycles, …

Job openings in the United States showed a modest increase in September, as the market recovers from the impact of the COVID-19 crisis, data showed on Tuesday. The job openings rose by 84,000 to 6.4 million by the end of September, according to the U.S. Department of Labor’s monthly Job …

The Canadian Dollar (CAD) declined against the US Dollar (USD) on Tuesday, after rising on Monday to its highest level in about two years, before recovering some of its earlier losses. The USD/CAD pair is trading lower for by 0.02% at 1.3004. The pair has been moving in a range …

The British Pound (GBP) is rising on Tuesday, supported by optimism about the United Kingdom (UK) and the European Union (EU) reaching a trade agreement for the post-Brexit stage. Significant progress has been achieved in trade talks, according to recent remarks by the British Minister of Finance, Rishi Sunak. The …

European Parliament and the European Union governments have reached a deal on the EU’s 2021-2027 budget, as reported by Reuters. Commenting on this development, “a deal for Europe – Council and European Parliament negotiators reach a political agreement on the EU budget & recovery package,” the spokesman for the German …

“If there’s more for the Fed to do, it would be with treasury to help companies,” Dallas Federal Reserve President Robert Kaplan said on Tuesday, as reported by Reuters. “Potential GDP growth after 2023 will return to being sluggish.”“Financial conditions are relatively loose.”“Once we have weathered the pandemic, will have …

The Turkish lira recorded a new low on Monday against the US dollar, with the USD/TRY to the 8.40 area on Tuesday, but some initial resistance has begun to appear. The lira recorded the biggest one-day advance against the dollar since 2018 after traders considered the news about the dismissal …

There was no change to NFIB US Business Optimism Index, which stood at 104 in October of 2020, the same figure as the previous month. While it came higher than market expectations, which settled at 102.2. The last two readings are the highest since January and are among the highest …

Vitol CEO Russell Hardy said oil prices will be heading towards a range of $ 45- $ 49 a barrel or even $ 50 in the next few months, with inventory drawdown modest during the winter and this accelerating through mid-2021. The benchmark Brent crude was trading at around $ …