China’s foreign ministry said on Friday that it has adopted reciprocal restrictions on staff from the US embassy and consulates in the mainland and Hong Kong. “China’s actions are just, a necessary response to the US wrongdoings,” the ministry added. China urges the US to withdraw restrictions on China’s embassy …

Oil prices fell for a second day, as a sudden increase in US crude stocks negatively affected the sentiment, which is already suffering in light of the erosion of fuel demand with the continuing Corona pandemic. Brent crude fell 15 cents, or 0.4%, to $ 39.91 a barrel ahead of …

European stocks stabilized after opening slightly lower, a day after the European Central Bank adopted a less monetary easing tone than expected regarding stimulus, while the growing possibility of a Brexit without an agreement weakened risk appetite. The pan-European STOXX 600 index settled and is heading towards closing the week …

The euro rose slightly as traders indicated the calm approach of policymakers in the European Central Bank regarding the recent rise of the euro, while the Norwegian krone rose on official expectations that the current economic contraction will be less than expected. After a press conference on Thursday in which …

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% …