Official data showed that the unemployment rate in Britain rose for the first time since the imposition of general isolation measures to combat the Coronavirus in March. The Office for National Statistics said the unemployment rate increased to 4.1% in the three months ending in July from 3.9% between April …
Read More »China Extends Customs Exemptions For 16 US Products
China’s Finance Ministry said it will extend existing customs exemptions for 16 US products including lubricants, whey and fish meals for an additional year. The ministry said that the products received exemptions from retaliatory customs duties imposed by China on US goods as countermeasures to the US Article 301 measures …
Read More »Retail Sales Rise in China For The First Time in 2020
Retail sales in China rose in August for the first time since 2020, as Chinese consumers ramped up their spending in a sign of further economic recovery from the shock of the coronavirus pandemic. Retail sales rose 0.5% in August from the same period last year, in the first positive …
Read More »Japanese Nikkei Down 0.51% in Early Trading in Tokyo
The Nikkei benchmark index fell in early trading on the Tokyo Stock Exchange on Wednesday. The Nikkei fell, a benchmark Nikkei index fell in early trading on the Tokyo Stock Exchange on Wednesday. The Nikkei fell 0.13% to 23,425.23 points, while the broader TIOUX index fell 0.11% to 1639.02 points …
Read More »PBOC Sets Yuan Reference Rate at 6.8222
The People’s Bank of China (PBOC) has set the yuan reference rate at 6.8222 versus Monday’s fix at 6.8361.
Read More »FX Option Expiries For Sept 15 NY Cut
FX option expiries for Sept 15 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.1830 823m1.1850 2.4bn1.1885 957m1.1910 637m USD/JPY: USD amounts 105.00 1.1bn105.70 535m105.95 999m106.00 665m
Read More »PBOC Injects CNY600 B Through One-Year MLF at 2.95%
The People’s Bank of China (PBOC) injected CNY600 billion via one-year medium-term lending (MLF) facility on Tuesday. The Chinese central bank issued the one-year MLF at 2.95%, unchanged from the previous operation. The PBOC kept the rates unchanged for the fifth month in a row. There is CNY170 billion reverse …
Read More »WHO: A Record Number of Daily Coronavirus Cases
The World Health Organization revealed a record number of daily infections with the Coronavirus around the world today, Sunday, reaching 307,930 cases in total within 24 hours. The organization reported on its website that India, the United States and Brazil recorded the largest increases. The daily number of deaths increased …
Read More »EU to delay UK Access Decision for Euro Clearing Due to Internal Markets Bill
The European Union is planning to delay the decision on allowing the UK to continue clearing euro transactions for EU-based clients due to concerns over the UK’s intention to break the Withdrawal Agreement with the Internal Markets Bill, Reuters reported on Monday, citing a derivatives industry source. The EU is …
Read More »Industrial Output For Eurozone Rose as Expected in July
According to data, industrial output for the Eurozone rose as expected compared to the previous month in July thanks to increased production of capital goods and consumer durables, but it is still far below last year’s levels due to the Covid-19 pandemic. The European Union statistics office Eurostat said industrial …
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