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Data from HIS Markit showed that French business activity rebounded much more than expected in July with a rebound in the post-lockdowns service sector gained momentum. IHS Markit reported that the preliminary PMI jumped to 57.6 from 51.7 in June, its highest level since January 2018. It came above analysts’ expectations …

China ordered the United States to close its consulate in the city of Chengdu on Friday, in response to the US request to close the Chinese consulate in Houston with the deterioration of relations between the largest economies in the world. The Chengdu Consulate in southwest China’s Sichuan Province is …

Oil prices rose on Friday on the weakness of the US dollar, although concerns about the increasing numbers of COVID-19 cases and tensions between the United States and China have capped price movements. The US dollar fell to a 22-month low on the US dollar index, which measures the strength …

UK retail sales increased during last June, exceeding analyst expectations. Data released by Office for National Statistics showed on Friday that retail sales in Britain increased by 13.9% in June, compared to 12.3% in May. Analysts had expected that retail sales in the United Kingdom would rise by about 8.3% …

FX option expiries for July 24 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1500 916m

The US Dollar continued its downward performance against major rivals, with the DXY index currently down by 0.20% for the day at 94.80. Meanwhile, gold prices are on track to break the record for its highest level on record, while oil futures remain impacted by the increase in crude inventories …

President of the United States, Donald Trump, announced in a press briefing on Thursday that many schools across the US are ready to open again after months of closure as a preventive measure against the coronavirus disease (COVID-19). “Given these considerations, we believe many school districts can now reopen safely, …

The New York Stock Exchange (NYSE) settled lower on Thursday on the back of losses by tech shares and investors’ sentiment being negatively impacted by the recent unemployment data, with another surge in US jobless claims. The Dow Jones Industrial Average Index closed at 26,652.33, falling by 353.51 points or …

Talks for a trade agreement between the United Kingdom (UK) and the European Union (EU) in the post-Brexit era are reportedly stalling or showing little progress. The two sides need to agree on fundamental principles first before negotiations can move forward. “We only have a few weeks left, and we …

Oil prices declined on Thursday after recent data showed a surprise buildup in the US crude oil inventories, as well as natural gas supplies, prompting worries about the demand recovery as the number of COVID-19 cases increase. The US benchmark, West Texas Intermediate (WTI), crude futures for September delivery declined …