The Chinese government said it would support consumption to contribute to the recovery of the economy, adding, “Consumption has been relatively hit by the need this year and has become the weak link in the economic recovery.” Official data showed that retail sales in China fell 1.1% in July, compared …

Fuel demand in India fell 15.6% in August compared to the same month last year, as data released by the Petroleum Planning and Analysis at the Ministry of Oil showed that total fuel consumption, an indicator of oil demand, reached 14.39 million tons. Gasoline sales were 7.5% lower than a …

The Japanese yen rose due to growing concerns in financial markets on Wednesday, September 9, and after US technology stocks saw a sell-off the previous day and as a coronavirus vaccine faces delays. The US dollar was supported by a decline in the stock market prompted investors to sell riskier …

The Bank of Canada is widely expected to keep the interest rate unchanged at 0.25% at its meeting on Wednesday, with Bank of Canada Governor Tiff Macklem recently indicating that the bank will not raise rates Until 2023. The Canadian dollar hit 1.2994, its highest against the US dollar on …

The Turkish lira fell to a record level below 7.49 against the dollar, under the influence of growing risk aversion, which increased selling pressure in the world. The lira recorded a low level at 7.4920, bringing its losses against the US currency since the beginning of this year to about …

European shares stabilized on Wednesday after falling sharply in the previous session, but sentiment was shaken by the suspension of AstraZeneca global trials of its Covid-19 vaccine. AstraZeneca shares fell 1.3% as it announced the suspension of large trials in its final stages on an experimental vaccine due to the …

Japanese stocks hit their lowest levels in more than a week on Wednesday, September 9th, in light of global risk aversion as heavy technology companies continued losses in the United States. The Nikkei index closed 1.04% lower at 2,3032.54 points, while the broader TOPIX index lost 0.96% to 1,605.40 points. …

Gold prices fell on Wednesday, September 9th, as the dollar’s rally overshadowed the support caused by the decline in global stocks, while investors awaited monetary policy strategies from central banks this week. Spot gold fell 0.3% to 1925.97 dollars an ounce by 06:16 GMT. And gold in US futures fell …

China’s CPI fell 2.4% in August on an annualized basis, in line with expectations. In addition, the producer price index registered a 2% decline, in line with expectations for the same period. It is reported that this decline came at the slowest annual pace since last March, indicating that the …

According to a Bloomberg survey of economists, the European Central Bank (ECB) will continue with its verbal intervention while keeping rates on hold this week. “The currency’s 10% jump since coronavirus lockdowns started in March makes ECB President Christine Lagarde’s job harder by putting downward pressure on inflation. Combined with …