China’s Foreign Ministry announced on Monday, it will impose sanctions on the US entities involved in the arms sales to Taiwan. Lockheed Martin, Boeing and Raytheon will be sanctioned, the Ministry said. Developing Story…
Read More »AUD/USD Flirts With Session Lows
The Australian dollar fell against the US dollar during the Asian session and was hovering near the lower end of the daily trading range, just above the 0.7100 mark. The pair saw some fresh sell-offs during the first day of the week and gave up the positive movement of the …
Read More »PBOC Sets Yuan Reference Rate at 6.6725
The People’s Bank of China (PBOC) has set the yuan reference rate at 6.6725 versus Friday’s fix at 6.6703.
Read More »Japan Considers Compiling $95.5 Billion Extra Budget to Counter Coronavirus
The Japanese government is said to compile an extra budget worth around $95.5 billion to counter the economic damage induced by the coronavirus pandemic, a local newspaper, Mainichi, reported over the weekend. The government is likely to debate using the 10 trillion yen ($95.52 billion) budget to extend a labour …
Read More »US Allows AstraZeneca to Resume Trials of Coronavirus Vaccine
AstraZeneca said it has resumed trials in the United States of an experimental on Covid-19 vaccine after US regulatory approval. On September 6, AstraZeneca suspended trials of its potential experimental coronavirus vaccine in the United States after a report that a participant in Britain’s trials had contracted a serious neurological …
Read More »The Nikkei is up 0.02% in Early Trading in Tokyo
The Nikkei benchmark rose in early trading on the Tokyo Stock Exchange on Monday, October 26th. The Nikkei rose 0.02% to 23,520.78 points, while the broader Topix index fell 0.13% to 1623.13 points.
Read More »Earnings Reports Push European Shares Higher
European stocks rose on Friday, supported by positive earnings reports from Barclays and carmakers, while continued concern about the economic impact of a spike in COVID-19 cases puts markets on a path of weekly losses. The pan-European STOXX 600 index rose 0.2%, while Asian markets recorded narrow trading ranges as …
Read More »Central Bank of Russia Keeps Key Interest Rate Unchanged at 4.25%
On Friday, Russia’s central bank kept the key interest rate at 4.25%, in line with expectations after the ruble weakened before the US presidential election, but said a rate cut was still possible in the coming months. “If the situation develops in line with the basic expectation, the Bank of …
Read More »Eurozone Flash Manufacturing PMI Comes in at 54.4
Business activity fell back into decline across the Eurozone in October as accelerating growth of manufacturing output was overwhelmed by a steepening deterioration in the service sector amid rising COVID-19 worries. In fact, the Eurozone manufacturing purchasing managers index (PMI) jumped to a 26-month high level of 54.4 during the …
Read More »Oil is Falling as COVID-19 May Force Russia to Support Extended Production Cuts
Oil prices declined on Friday but held onto most of the gains they made in the previous session after Russian President Vladimir Putin indicated that he was ready to extend record cuts to supplies at a time when Covid-19 cases rose in the United States and Europe. Brent crude fell …
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