The markets were optimistic after headlines from China which gave optimism to share, the rise of Asian shares, in turn, raised the S&P 500, which affects USD and the safe haven. Coronavirus cases continue to increase at an alarming rate in US. US: GS is not optimistic about the US …

According to Reuters, US sanctions designed to restrict the ability of China’s Huawei to source advanced microchips for 5G equipment is likely to have a significant impact on the reliability of the supplier, citing Britain’s culture minister on Monday. A review released by the UK’s National Cyber Security Centre (NCSC) …

Germany’s influential IFO said on Monday, about one fifth (21%) of the German companies see their survival threatened by the coronavirus crisis. Quotes “Travel agents, hotels and restaurants are particularly concerned.” “We could see a wave of insolvencies in the coming months.”

German factory orders jumped 10.4% in May MoM, indicating that the contraction in Europe’s largest economy is slowing down.Data released by the Federal Statistics Office on Monday showed that contracts for goods “made in Germany” jumped 10.4% MoM compared to +15.0% expected and -25.8 previous. On an annualized basis, German …

Asian Shares reached a 4-month high on Monday as traders acted on the revival of Chinese activity to support the global economic growth, despite the high number of Covid-19 cases in US that had delayed the reopening of the economy. MSCI’s Asia Pacific Index outside Japan fell 1.5% to its highest …

With US markets closed this Friday in celebration of Independence Day holiday, oil prices enjoyed a good week and gained more than 4%. According to Reuters, oil fell below 43 dollars/barrel on Friday on the back of the increased numbers of coronavirus infections in the US. However, it noted that …

S&P 500 continued to recover during Q2 from its slump in Q1. The largest sectors that struggled against the recession and were not on the index were: health care, communication services, information technology and consumer discretionary. Top 5 companies are in the S&P 500 and represent most of the recent …

The risk aversion provides some strength to Yen, safe-haven currency, which maintains the bullish trend for EUR/JPY in 121.00 regions. EUR/JPY fell for a second consecutive session with low trading volume due to the Independence Day holiday in the United States. Investors continue to evaluate the latest data besides Covid-19 …

The European Commission has granted a conditional clearance to use Gilead Sciences’ Remdesivir to treat Covid-19 This decision came after the European Medicines Agency’s “rolling review” that started at the end of April. The Commission had previously stated that it was negotiating with Gilead to purchase sufficient doses for European …

The plunge in eurozone business activity caused by lockdowns imposed to stop the spread of the coronavirus eased sharply last month as more businesses reopened and people ventured out, Reuters reported on Friday, citing a survey. Further details A June Reuters poll predicted the economy contracted an unprecedented 12.5% last …