The Chinese central bank is issuing digital coins worth 10 million yuan ($ 1.5 million) to 500 users, who will be chosen at random, in a move that some see as the country’s first public test of the yuan’s digital payment system. The People’s Bank of China (central bank) campaign …
Read More »Wall Street Rises at The Open on Stimulus Optimism
Wall Street’s major indexes rose at the open, putting the S&P 500 and the Dow on track for its second consecutive weekly gain on hopes of more financial aid and growing expectations for a Democratic victory in next month’s presidential election. The Dow Jones Industrial Average rose 108.10 points, or …
Read More »European Shares Rise on Positive Outlook For Pandora and Novo Nordisk
European stock markets posting gains thanks to positive earnings outlooks from Pandora and Zalando for retail as well as from pharmaceutical maker Novo Nordisk, as investors keep their sights on indications of a new stimulus release in the US. Danish jewelry maker Pandora’s shares jumped 10.6% and German online fashion …
Read More »Canada: Unemployment Rate Declines to 9% in September
Net Change in Employment in Canada rose by 378,000 in September, compared to economists’ estimate of 156,600, and brought the Unemployment Rate down from 10.2% in August to 9%, Statistics Canada reported on Friday. This reading beat the market expectation of 9.7% by a wide margin. Further details of the …
Read More »Japan Stocks Post Biggest Weekly Gain in Two Months Thanks to US Stimulus Hopes
Japanese stocks achieved the largest weekly gain in two months, thanks to hopes for more stimulus in the United States, although some investors doubt the prospects of reaching an agreement in this regard before the US presidential elections. The Nikkei index closed down 0.12% at 23,619.69 points today. For the …
Read More »Oil Heading For a Weekly Gain on Norway’s Supply Cuts
Oil prices retreated, to fall at the end of a week in which it made big gains due to the risk of a possible decrease in supplies from Norway by up to 25% due to a strike by workers in the sector. Before the opening of European markets, Brent crude …
Read More »Gold Rises 1% on The Decline of Dollar And Hopes of a US Stimulus
Gold prices rose 1% due to the weak dollar and heading towards achieving the second consecutive weekly gain, as the attractiveness of the yellow metal increased as a hedge against inflation due to renewed optimism about a new US aid package to mitigate the repercussions of the Corona virus. Spot …
Read More »US Congress Expects the Budget Deficit to Reach $ 3.1 Trillion in 2020
The Congressional Budget Office said during the monthly forecast report that estimates of the budget deficit in the fiscal year 2020 and ended last September indicate $ 3.131 trillion, compared to the deficit of $ 984 billion in 2019. Despite this rise, this deficit is about $ 180 billion less …
Read More »The British Economy Grew by 2.1% in August, But Below Expectations
The UK economy grew by 2.1% in August M-o-M, as the country’s gradual recovery from the coronavirus crisis continued, albeit at a slightly slower pace. Estimated growth in UK gross domestic product for the month of August was below expectations, with economists in a Reuters poll forecasting 4.6% monthly growth. …
Read More »Dax Adds More Points And Continues to be Positive
The German DAX managed to maintain its positive stability, posting a session high at 13085 in early tradings. Technically, we tend to positive, depending on the breach of 12940, which turned into support, with the positive motive of the 50-day moving average, which continues to hold the price. We will …
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