Eurozone Sentix Investor Confidence rose to -13.4 in August, up from -18.3, above the expectation of -15.2. It’s also the fourth increase in a row and highest since February. The current Situation index rose to -41.3, up from -49.5, highest since March. Expectations, however, dropped slightly to 19.3, down from …
Read More »French Economic Activity Down in July
French economic activity in July declined by 7% from its pre-pandemic level, which reflects a slight improvement compared to June, which recorded a decrease of 9%. The construction sector approaches pre-pandemic levels, according to the latest report issued by the French Central Bank. In its monthly business conditions report, the …
Read More »China Annual Inflation Exceeds Expectations
The annual inflation reading in China improved in July above market expectations, as the CPI grew by 2.7% year on year, higher than the expected 2.6%, and also recorded 0.6% on m-o-m in July. At the same time, the producer price index recorded a contraction more than expected, contracting on …
Read More »WHO: Huge shortfall in funds to fight coronavirus
There is a huge gap between funds needed to fight the coronavirus and funds committed worldwide, World Health Organization chief Tedros Adhanom Ghebreyesus said on Monday. According to Reuters. But he said he saw “green shoots of hope”. “It is never too late to turn the pandemic around,” Tedros told …
Read More »UK PM Johnson: Will Not Hesitate to Reimpose Quarantine if Needed
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 …
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