Japanese stocks rose to the highest level in a week, following the rise in US futures, after the capital, Tokyo, reduced the level of the Coronavirus warning by one degree from its highest levels, as infections continued to decline. The benchmark Nikkei index rose 0.74% to 23,406.49 points. For the …

The UK economy grew 6.6% in July on a monthly basis in an effort to recover from the sharp downturn caused by the general lockdown caused by the Corona pandemic, according to data from the British National Statistics Office. The expected growth (gross domestic product) for July was largely in …

Analysts at Scotiabank offer a sneak peek at what to expect from Friday’s US Consumer Price Index (CPI) release. Key quotes “Headline inflation is forecast to rise from 1% YoY in July to 1.4% principally due to forecast month-ago gains in core CPI combined with a mild assist from gasoline …

The Producer Price Index (PPI) in the United States increased by 0.3% in August compared to 0.6% in July, data showed on Thursday. The reading comes as double the expectations of a recent Reuters poll, and after the index declined by 0.2% in June. Analysts had expected an increase of …

The number of Americans filing for new unemployment benefits stabilized at high levels last week, reinforcing views that the job market is stabilizing on a more gradual path to recovery from the COVID-19 pandemic. The US Labor Department said that the total of new applications for unemployment benefits, adjusted in …

Following the European Central Bank’s (ECB) decision to keep its key rates and €1,350 of (PEPP) unchanged, Christine Lagarde, President of the ECB, is delivering her remarks on the monetary policy outlook in a press conference. “ECB sees 2020 GDP at -8.0% (vs -8.7% seen in June).”“ECB sees 2021 GDP growth at 5% …

Following the European Central Bank’s (ECB) decision to keep its key rates and €1,350 of (PEPP) unchanged, Christine Lagarde, President of the ECB, is delivering her remarks on the monetary policy outlook in a press conference. “Rebound broadly in line with previous expectations.”“Level of activity well below pre-COVID levels.”“Strength of …

Following the European Central Bank’s (ECB) decision to keep its key rates and €1,350 of (PEPP) unchanged, Christine Lagarde, President of the ECB, is delivering her remarks on the monetary policy outlook in a press conference. “In the near term, price pressures to remain subdued.”“Euro appreciation to contribute to subdued …

The European Central Bank’s (ECB) Governing Council has reportedly agreed that there is no need to overreact to euro gains. To be updated…

The Single currency remains on the positive side after the European Central Bank’s decision to keep interest rates unchanged, which prompted the EUR/USD pair to stay in the 1.1840 area on Thursday. The pair is extending its bullish momentum after touching its weekly lows on Wednesday near 1.1750. The European …