The British government has recommended giving a second dose of the vaccine with a gap of 12 weeks instead of two weeks, in an effort to give more people a first dose and some initial protection against Covid-19. Accordingly, BioNTech and Pfizer responded to the decision, saying that there is …
Read More »Currencies Overview: US Dollar Falls And Yuan Supports High-Risk Currencies
The dollar fell against a basket of major currencies on Tuesday after China raised the official exchange rate of the yuan to its highest level in 30 months, boosting demand for other currencies. The Bank of China set the official midpoint of the yuan at more than 6 per dollar …
Read More »Turkish Trade Deficit Increased to About $ 50 Billion in 2020
According to data from the Turkish Ministry of Trade, Tuesday, Turkey’s trade deficit increased by more than 69% to about $ 50 billion last year, according to the general trade system. Ministry data showed that imports increased by more than 4% to more than $ 21 billion in 2020, while …
Read More »Reuters: OPEC+ Document is Considering Cutting Production in February And Other Alternatives
An OPEC document dated January 4, seen by Reuters, showed that the OPEC+ group of oil producers is considering reducing production by 500 thousand barrels per day in February, and three other scenarios include maintaining production at current levels or increasing 500 thousand barrels per day.
Read More »Strong German Retail Sales in 2020 as Spending Increases
The German statistics office said that the country’s retail sales are expected to grow around 4% in 2020 following a strong performance in November, indicating that consumers have spent money despite the broader economic damage from the coronavirus. The office said Tuesday that retail sales rose about 2% in November, …
Read More »The UK Providing a New Aid Package of 4.6 Billion Pounds to Businesses Affected by Renewed Lockdown
Britain announced Tuesday a new support package of 4.6 billion pounds ($ 6.2 billion) for businesses affected by the renewed coronavirus lockdown across the country. Finance Minister Rishi Sunak said that retail, hospitality and entertainment companies will be able to claim new one-off grants of up to 9,000 pounds sterling …
Read More »European Shares Climb, Oil And Retail Soar
European stocks rose today, Tuesday, supported by the rise in shares of oil companies and retail, while investors ignored new general isolation measures in Britain to contain a rise in infections with the Coronavirus. The pan-European STOXX 600 index rose 0.1% after opening slightly lower following losses in Asia and …
Read More »Oil Prices Stabilize Before The Resumption of OPEC+ Meeting on February Production Levels
Oil prices were almost unchanged on Tuesday ahead of stalled talks between major producers over potential changes to February production that are due to resume later in the day as concerns over fuel demand persist in light of new lockdown measures to combat COVID-19. Brent crude futures for March delivery …
Read More »French Health Minister: We Cannot Ease up on Restrictions For Now
“We cannot ease up on coronavirus-induced restrictions for now,” French Health Minister Olivier Véran said in a statement on Tuesday. “Will authorise vaccination of people aged 75 and above who are living at home by the end of January.”
Read More »State of Emergency in Japan Pushes Nikkei Lower
Japanese stocks fell on Tuesday, as the government appeared to be preparing to declare a state of emergency to deal with the rise in Covid-19 infections, while investor appetite for risk was also negatively affected by the uncertainty over the re-election for the Senate in the US state of Georgia. …
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