European shares were hit by a sell-off in global stock markets on Thursday (August 20th) after the US Federal Reserve indicated a long and difficult path to the recovery of the world’s largest economy. The Stoxx600 index of European shares fell 1.2% by 07:12 GMT, while the mining sector fell …
Read More »Gold Recovering With Renewed Fears of a Slowdown in recovery
Gold rose on Thursday, August 20, offsetting some of the losses caused by a wave of selling in the previous session, after the US Federal Reserve raised fears that the recovery from the economic downturn resulting from the outbreak of the Coronavirus is facing a blue future, which has cast …
Read More »US-China to plan resumption of delayed trade deal talks – Bloomberg
US and China are considering rescheduling the phase one trade deal review, earlier planned last weekend, reported Bloomberg, citing a person familiar with the matter. The source said that the review will take place soon, although no date has been set so far. Talks between the US and China continue …
Read More »Coronavirus Update: Germany’s New Cases Rise by 1,707 With More 10 Deaths
As per the latest coronavirus (COVID-19) updates from Germany, new cases in the European major rose by 1,707, versus the previous day’s 1,510, to take the total number of active cases across the country near 14,500, which is the most since 13 May. Further details suggest that 10 people died …
Read More »OPEC+ JMMC Meeting is Scheduled Today, WTI Waiting for Data
Today, Joint Ministerial Monitoring Committee (JMMC) meeting will likely be all about reviewing the bloc’s commitment to oil production curbs and assessing the compliance over the past two months. According to Reuters, July’s compliance of OPEC+ with oil output cuts was expected to reach 97%, down from 107% in June. …
Read More »Japan’s Nikkei Index Rises After Gains in US Technology
The Nikkei benchmark index made slight gains at the close on the Tokyo Stock Exchange on Wednesday, with some tech stocks surging after the gains of US giants, with the S&P 500 index climbing to a record high last night. The Nikkei Index is very close to a three-decade high …
Read More »European Stocks Weaken After Wall Street Rally
European stocks fell on Wednesday, August 18, and were unable to gain strength from a record rise in S&P 500 index, as investors feared an increase in coronavirus cases would impede the emerging economic recovery in Eurozone. The European Stoxx600 index fell 0.1% by 07:15 GMT, with the mining, oil …
Read More »UK Inflation Jumped in June
Britain’s inflation rate unexpectedly jumped last month, to its highest level since March, as clothing stores refrained from the usual summer cuts after reopening their doors following general isolation measures due to the Coronavirus, but most economists expect it to return soon. The Office for National Statistics said the annual …
Read More »British Health Minister: Most Cases of Corona Occurred in Homes
British Health Minister Matt Hancock said Britain would likely not follow the example of France in requiring people to wear masks in the workplace because its screening and monitoring program shows that most people with Covid-19 disease have been infected at home. “We are not studying to do that at …
Read More »Eurozone Current Account Surplus Jumps in June
Data from the European Central Bank showed that the revised surplus of the current account balance in the euro zone, which includes 19 countries, increased to 20.69 billion euros in June from 11.27 billion euros in May, as the trade surplus increased. In the twelve months to June, the bloc’s …
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