Gold prices rose on Tuesday, December 29th, buoyed by the dollar’s decline, as investors’ eyes turned to the US Senate vote on an increase in aid linked to the pandemic, but rising Asian stocks limited the gains. This rose gold in immediate transactions 0.4% to 1877.66 dollars an ounce. The …
Read More »US Congress Votes to Repeal President Donald Trump’s Veto Against an Annual $740 Billion Defense Spending Bill
The House of Representatives voted Monday to repeal President Donald Trump’s veto against an annual defence spending bill and put the final steps to challenge the Republican president in the hands of the Republican-led Senate. Senate Majority Leader Mitch McConnell said his House would vote to override the veto on …
Read More »Oil Prices Fall as US Stimulus Concerns Dominated Demand
The House of Representatives voted Monday to repeal President Donald Trump’s veto against an annual defence spending bill and put the final steps to challenge the Republican president in the hands of the Republican-led Senate. Senate Majority Leader Mitch McConnell said his House would vote to override the veto on …
Read More »The Turkish lira Rising to the Highest Level Since September
The Turkish lira rose 0.8% to less than 7.5 Lira to the dollar on Monday, its highest level since mid-September, in a continuation of last week’s gains when the central bank raised key interest rates slightly more than expected. The lira recorded 7.4950 in meagre transactions due to the year-end …
Read More »Oil Cuts Losses After Trump Signs The Aid Bill
Oil prices trimmed losses today, Monday, after US President Donald Trump signed an aid package for those affected by the Coronavirus and public spending totaling $ 2.3 trillion, but market sentiment was affected by persistent concerns about demand in the near term. With the Asian markets closed, Brent crude futures …
Read More »Japan Stocks Closed Near The Peak of 3 Decades After Trump Signed The Stimulus
Japanese shares rose in thin holiday trading on Monday, heading towards the highest level in nearly three decades, as investors continue to bet that the US stimulus and Corona vaccines will accelerate the pace of the global economic recovery. The benchmark Nikkei index ended the day 0.74% higher at 26,854.03 …
Read More »Currencies Overview: US Dollar Little Changed
The dollar was not affected much after US President Donald Trump did not implement his threat to block an aid package for those affected by Covid-19 amid weak trading Monday due to holidays. The pound sterling hovered below its highest level in two and a half years in Asian trading, …
Read More »Gold Reaches Weekly High On US package Approval
Gold prices rose by up to 1.3% today, Monday, as investors welcomed the signing of US President Donald Trump’s long-awaited aid package for those affected by the pandemic, as well as additional support provided by the falling dollar. With the close of the Japan Stock Exchange, the spot price of …
Read More »Asian Stocks Closed Higher
Asian stocks rose despite weak trading volumes due to year-end holidays on Monday. The rise came thanks to US President Donald Trump’s signature of the coronavirus aid package. The MSCI Asia Pacific Index outside of Japan rose 0.40%, while the Japanese Nikkei 225 index gained 0.60% early Monday. US President …
Read More »The Financial Times: Britain And Turkey Sign a Free Trade Agreement This Week
The Financial Times reported Sunday (December 27th) that Britain and Turkey will sign a free trade agreement on Tuesday, the first of its kind since British Prime Minister Boris Johnson reached a new trade deal with the European Union. The report said that the two countries have finalized the text …
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