British Prime Minister Boris Johnsons aid on Monday that they will not hesitate to reimpose quarantine measures if needed. Regarding the government’s travel advice, “we will keep looking at the data on where people want to travel,” Johnson noted and urged people to consider the government’s guidance when making holiday …
Read More »Oil rises 1% on Optimistic View of Demand From Aramco
Oil prices rose on Monday, supported by Saudi optimism about Asian demand and an Iraqi pledge to deepen supply cuts, but uncertainty over an agreement to support the US economic recovery limited the gains. By 0641 GMT, Brent crude futures were up 34 cents or 0.8%, to $ 44.74 a …
Read More »Chinese Data Lifted European Stocks in Early Trading
European stocks rose slightly on Monday after a decline in producer prices in China and the rise in oil prices, while investors looking to Washington for signs of new US stimulus. By 0712 GMT, the pan-European STOXX 600 index was up 0.3%, at the start of a week that could …
Read More »United States Imposes New Sanctions on Officials in Hong Kong
The US Treasury has imposed new sanctions on Hong Kong’s chief executive, Carrie Lam, along with 10 other officials. US Treasury Secretary Stephen Mnuchin said the sanctions target those undermining Hong Kong’s self-rule, including Governor Carrie Lam. Mnuchin stressed during his remarks that the United States stands with the people …
Read More »Japanese Prime Minister: to Avoid State of Emergency as Much as Possible
Last week, Japanese Prime Minister Shinzo Abe said that the government in Japan is working in various ways to avoid the trend to declare a state of emergency in the country again, in light of mounting concerns about the increasing number of Covid-19 cases in the country during the past …
Read More »Sentix Investor Confidence Rises to -13.4 in August
The eurozone Sentix Investor Confidence gauge has risen from -18.2 to -13.4 points in August, beating expectations for -15.2 points as the old continent emerges from the COVID-19 crisis. The broad survey continues its uptrend from the lows seen in April when infections were at their peak. Nevertheless, it remains …
Read More »Gold Futures: Further pullbacks look shallow
Open interest in Gold futures markets shrunk by almost 1.5K contracts according to preliminary figures from CME Group at the end of last week, reaching the third consecutive session with losses. On the other hand, volume reversed the previous drop and rose by around 97.3K contracts. Gold met resistance near …
Read More »FX Option Expiries For Aug 10 NY Cut
FX option expiries for Aug 10 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1800 3.0bn – GBP/USD: GBP amounts 1.2900 353m – USD/JPY: USD amounts 105.00 675m105.03 400m105.50 1.7bn107.05 400m – USD/CAD: USD amounts
Read More »3-7 AUG Review: Gold Prevails
The yellow metal was dominant last week, as it recorded a rise of more than 3% or $ 61 to reach $ 2028 an ounce. The rise in gold came after increasing tensions between the United States and China besides the increase in Covid-19 cases, especially in the US. Oil …
Read More »Breaking: Dollar Surges Amid Reports US to Sanction Hong Kong Leader Carrie Lam
The safe-haven dollar is rising across the board Amid Reports US to Sanction Hong Kong Leader Carrie Lam. The US administration is reportedly considering expanding its action against China, potentially sanctioning Hong Kong leader Carrie Lam. Bloomberg is reporting. Such a move would come after President Donald Trump signed an …
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