Honda and Nissan, Japan’s second and third largest automakers, will sell 250,000 fewer cars in the current fiscal year to the two companies as a global shortage of semiconductor chips hurts production. The carmakers announced this as they were unveiling brighter forecasts for the fiscal year ending in March 2021 …

The buying bias around the EUR against the US dollar remains around 1.2100 for the time being. EUR/USD is floating in the area of ​​multi-day highs around 1.2100 on improving sentiment and risk trends. Actually, with additional support from President Biden’s plan to inject more stimulus into the economy, while …

German exports grew in December as strong trade with China and the United States helped Europe’s largest economy as it struggled to grow under lockdown restrictions imposed to curb COVID-19 cases. The Federal Statistics Office said on Tuesday that exports, adjusted for seasonal factors, rose 0.1% month-on-month after a 2.3% …

The Egyptian Ministry of Finance said that it was able to implement the issuance of international bonds worth $ 3.75 billion in three tranches (5, 10 and 40 years) with issued values ​​of $750 million, $1.5 billion, and$ 1.5 billion, respectively. More than 400 investors have applied to buy and …

The Federation of China Automobile Industry said passenger car sales in the world’s second-largest economy reached 2.18 million units in January, an increase of 26% year-on-year. Electric car maker Tesla sold 15,484 vehicles manufactured in China last month.

The National Federation of Independent Business (NFIB) reported on Tuesday that the Business Optimism Index in the US declined to 95 in January from 95.9 in December. This reading came in worse than the market expectation of 98.7. 

Gold prices rose near their highest level in a week on Tuesday, February 9th, as the dollar faltered and expectations that a huge US fiscal stimulus will soon be passed to revive the world’s largest economy. Spot gold rose 0.5% to $1839.02 an ounce, after reaching $1843.04 earlier in the …

European stocks fell on Tuesday 9 February, after a strong rally receded, driven by hopes of a faster global economic recovery and the distribution of anti-Coronavirus vaccines, while shares of the French oil giant Total increased after its profits recovered in Q4 last year. Total’s share increased by 1.1% after …

The dollar is facing difficulties to rise from its lowest level in a week on Tuesday, February 9th, as traders went anxious about the outlook for the greenback with the future of major US financial stimulus package. Investors have pushed the dollar higher in recent weeks, as Democrats move quickly …

Bitcoin hit $48,000 for the first time in the early trading on Tuesday at Bitstamp, as it headed towards the $50,000 barrier. The market value of the largest cryptocurrency in the world has now exceeded $ 891 billion. Bitcoin has risen nearly 24% since the leading electronic car maker Tesla …