Chinese manufacturing activity growth slowed this month, dropping to 51 points from 51.1 in July, as floods in southwest China disrupted production. With the recorded slowdown, however, Chinese manufacturing activity remained above 50 points, which is the separating point between expansion and contraction, which indicates that the Chinese economy continues …

Data published by Statistics Canada revealed on Friday that Real Gross Domestic Product (GDP) in Canada declined by 38.7% on a yearly basis in Q2. This reading followed the 8.2% contraction recorded in Q1 but came in slightly better than the market expectation of -39.6%.

Oil prices plummeted, as Storm Laura bypassed the heart of the US oil industry in Louisiana and Texas without causing wide losses to refineries. Brent crude futures for October delivery, which are due on Friday, fell seven cents to $ 44.99 a barrel before the opening of Wall Street. US …

German Economy Minister Peter Altmaier told SWR television that he does not expect the country’s economy to suffer from further lockdown measures even if coronavirus infections continue to rise. The minister also told television that many industries in Germany are improving again.

US consumer spending increased more than expected in July, bolstering expectations of strong economic growth recovery in Q3, although the momentum will likely subside as the Covid-19 pandemic continues and the impact of the fiscal stimulus dissipates. The US Commerce Department said consumer spending, which accounts for more than two-thirds …

A survey showed that British business confidence has increased but remains well below its usual levels as the economy struggles to cope with social distancing and employers prepare to cut jobs. The Lloyds Bank’s corporate measure rose eight points to -14, the largest monthly rise in three years and optimism …

A survey published by the European Commission revealed that economic sentiment in the Eurozone rose in August for the fourth consecutive month after a record decline stemming from lockdown measures aimed at slowing the spread of Covid-19 in March and April. And while the monthly index measuring confidence in the …

Data from the Turkish Statistical Institute showed that the country’s economic confidence index rose 4.4% on a monthly basis in August to 85.9 points, recording a recovery for the fourth month in a row from low levels resulting from measures to combat the Coronavirus. Economic activity fell sharply in March …

European shares fell as investors sold off technology and healthcare and bought bank shares, after the Federal Reserve (US Central Bank) unveiled a new framework for its policy. The pan-European STOXX 600 index fell 0.6%. Technology stocks, which have risen nearly 11% since the start of the year, fell 1.1% …

Gold rose about 1%, as the dollar fell while investors held signs of a policy of monetary easing issued by Jerome Powell, Chairman of the Federal Reserve Board (the US Central Bank). Spot gold rose 0.9% to 1946.55 dollars an ounce with the close of the Tokyo Stock Exchange, after …