The Chinese economy is likely to return to recovery and record modest growth in Q2 after the contraction with the end of lockdown and the announcement of more stimulus, according to a Reuters poll. China is expected to post 2.5% growth in April-June compared to last year, posting a 6.8% …

Japanese stocks closed the Asian session with a slight decline as the Nikkei 225 recorded a decline of 0.87% to 22,587.01.The highest level reached during the trading session was 22,677.02, while the lowest were 22,538.78. Meanwhile, the broader TOPIX index registered a decline of 0.50% or 7.87 towards 1,565.15.

FX option expiries for July 14 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1300 2.1bn1.1320 949m1.1325 1.1bn1.1350 1.1bn1.1400 615m – GBP/USD: GBP amounts         1.2500 257m1.2640 249m – USD/JPY: USD amounts          106.50 412m106.75 605m – NZD/USD: NZD amounts 0.6480 248m

UK GDP in May posted less than analysts’ expectations as data released by the Office for National Statistics on Tuesday showed that British gross domestic product rose1.8% in May, compared to a contraction of 20.3% in April. Analysts had expected the UK economy to grow by 5.5% in May. The …

The cryptocurrency, Bitcoin, is moving in a limited range on Monday to settle near $ 9,300 for the fourth consecutive session and trades have fluctuated over the past four sessions between $ 9,050 and $ 9,350. The currency fell 0.13% on a daily basis and is currently trading near $ …

Bank of England Governor Andrew Bailey said on Monday that the country is experiencing signs of an economic recovery. However, there is still a long way to go and emphasized employment worries. These comments had little impact on market sentiment and performance of the Pound sterling. FTSE 100 in the …

The USD/JPY pair remained marginally moving below 107.00 during the Asian session but with the opening of the European session, it gained momentum and rose at the time of writing by 0.3% on a daily basis to 107.20. Risk-on sentiment remains the main driver for the pair on Monday, with …

The Chinese economy is showing a steady recovery, but a difficult battle is still waiting, as the situation remains critical at home and abroad. China’s Premier Li Keqiang told the state media on Monday, as reported by Reuters.                Quotes “We should strengthen our confidence in development, but the situation at …

US Stock markets are poised to open higher, ignoring increasing cases of Covid-19 and optimism about the earning report of US companies. Goldman Sachs strategists have revised their forecasts for the 2020 earnings per share S&P 500 up to $ 115 from a previous 110, according to note released at …

The International Monetary Fund (IMF) revised its growth forecasts for the Middle East and Central Asia as economies were affected by worse than expected oil crisis and Covid-19 pandemic, according to Reuters. The region, which includes about 30 countries from Mauritania to Kazakhstan, will see real GDP drop by 4.7% …