There has been some activity as 2020 nears an end, especially with the European Union and the United Kingdom reaching an agreement on Brexit and the congressional approval of the fiscal stimulus package. The Brexit talks have been marred by some turmoil but ultimately an agreement between the UK and …
Read More »Breaking: President Trump Signs Coronavirus Relief Bill
An article by New York Post cites CNN as saying that President Trump has signed a $2.3 trillion COVID-19 relief and government funding bill that includes $600 stimulus checks for most Americans.
Read More »European Shares Jumped, Supported by Signs of Near Brexit Deal
European stocks headed towards a third consecutive session of gains on Thursday, December 24th, as a trade deal tied to Britain’s exit from the European Union became imminent, just a week before the final Brexit. The European Stoxx600 index rose 0.1%, seeming to be on its way to the start …
Read More »Gold Rising, Supported by US Dollar’s Decline and Hopes For Stimulus
Gold prices rose Thursday, December 24th, as the dollar fell and investors are betting on more stimulus in the United States, despite President Donald Trump’s threat not to sign a long-awaited aid package linked to the pandemic. Spot gold rose 0.2% to $ 1875.20 an ounce by 07:22 GMT, after …
Read More »Nikkei is approaching its 30-year high, supported by hopes of a recovery
Japanese stocks rose Thursday, December 24th, to be around the corner from their highest levels in nearly three decades, as the distribution of the vaccine supports hopes for an economic recovery from the Covid-19 pandemic, while the shares of heavy machinery manufacturers gained on the background of a shift in …
Read More »Currencies Overview: GBP Rising and USD Under Threat Amid Hopes of a Near Brexit Deal
The British pound extended gains Thursday, December 24, amid expectations that an agreement related to Britain’s exit from the European Union is imminent after a long period of being considered difficult to achieve, which raises hopes that Britain will be able to avoid an economic disruption with the beginning of …
Read More »BOJ’s Kuroda: Japan’s Economy Likely to Improve Moderately as a Trend
“Japan’s economy is likely to improve moderately as a trend,” the Bank of Japan (BOJ) Governor Haruhiko Kuroda said in a scheduled speech at the Japan Business Federation’s Board of Councillors Meeting, in Tokyo. There is high uncertainty for economic outlook as it will likely take time for vaccines to …
Read More »Turkish Lira Drops Slightly Ahead of Rate Decision
The Turkish lira fell 0.45% against the US dollar ahead of a central bank meeting on interest rates, in which the bank is expected to raise its benchmark interest rate by 150 basis points. The currency reached 7.6590 against the dollar, a level just below its closing price on Wednesday …
Read More »US: Weekly Initial Jobless Claims Fall to 803K
There were 803,000 initial claims for unemployment benefits in the US during the week ending December 19, the data published by the US Department of Labor (DOL) revealed on Wednesday.
Read More »US: Durable Goods Orders Rise by 0.9% in November
Durable Goods Orders in the United States expanded by 0.9%, or $2.2 billion, on a monthly basis to $244.2 billion in November, the US Census Bureau reported on Wednesday. This reading came in higher than analysts’ estimate for an increase of 0.6%.
Read More »