The Chinese Ministry of Commerce said that Beijing will take “all necessary measures” to protect the legitimate interests of its companies, in response to the US move this week to tighten restrictions on Huawei. The administration of US President Donald Trump expanded the restrictions announced in May aimed at preventing …
Read More »Japan shares Declining Due to Negative US Economic Outlook
Japanese stocks fell at the close Thursday, August 20, affected by Wall Street losses after the US Federal Reserve meeting minutes revealed that policymakers are concerned about the uncertainty surrounding the path of the economic recovery from the Coronavirus pandemic. The Nikkei index fell 1% to close at 22,880.62, the …
Read More »Oil Falls Amid Demand Risks And a Smaller-Than-Expected Drop in Inventories
Oil prices fell on Thursday, August 20, as major producers warned of a threat to recover demand if the Coronavirus crisis continues for a long time, while US crude stocks fell less than expected. By 07:32 GMT, Brent crude was down 34 cents, or 0.8%, to $ 45.03 a barrel. …
Read More »European Shares Drop on Recovery Outlook
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 …
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