British house prices fell for the fourth consecutive month in June as Covid-19 pressures continued on the market, marking the longest monthly decline since 2010. mortgage lender Halifax said on Tuesday Average house prices fell 0.1% in June after a 0.2% decrease in May and 0.9% lower than Q1 2020. …
Read More »EU Commission: Severe Risks to The Economic Outlook
“Sees EU area 2020 GDP at -8.7% vs. the previous forecast of -7.7%.Cuts Spain growth estimate for 2020 To -10.9% from -9.4%.Downgrades Italy growth estimate for 2020 To -11.2% from -9.5%.2021 forecast now at 6.1% from 6.5%.Downgrades French growth estimate for 2020 To -10.6% from -8.2%.Upgrades German growth estimate for …
Read More »Japanese Stocks Close Down After Three-Day Winning Streak
Japanese shares ended the Asian session on Tuesday, Down. Japan’s Nikkei fell 0.44% at 22,614.69. The highest level of Nikkei during the trading session was 22,742.28, while the lowest at 22,540.44. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2% after it briefly traded in positive territory. Hong …
Read More »Oil Prices Remain Above $ 40
Crude oil prices continued to trade above $ 40 a barrel, but the resulting fears of a growing number of Covid-19 cases around the world, especially the United States, are limiting the rise in oil prices. Brent crude contracts reached levels of $ 43.32 a barrel, up by 1.12% on …
Read More »German Industrial Production Rebounds 7.8% MoM in May
Official data coming from Germany on Tuesday showed that industrial production rebounded less than expected in May, despite confirming that the manufacturing sector in the largest European economy is gradually recovering from the recession resulting from the closure measures. Industrial output posted + 7.8% MoM, the Federal Statistics Authority Destatis …
Read More »FX option expiries for July 7 NY cut
FX option expiries for July 7 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1265 909m1.1275 590m1.1335 521m1.1345 1.2bn1.1450 521m – GBP/USD: GBP amounts 1.2650 250m – USD/JPY: USD amounts 107.00 401m – AUD/USD: AUD amounts 0.6915 633m – NZD/USD: NZD amounts 0.6520 676m
Read More »Bitcoin Rises After Two Sessions of Decline
Bitcoin rose during today’s trading session, after falling for two consecutive sessions, which pushed the cryptocurrency to decline near the level of $ 8955, but quickly rose in recent hours by 3.1% to $ 9250 levels. The currency was in a raising wave close to $ 4000. The cryptocurrency is …
Read More »EU Will Stand Firm Against Washington Over Trade Disputes
The European Union will take decisive measures against the United States if it is unwilling to settle a long-standing dispute over aircraft with new business investigations, the European Trade Commissioner said on Monday. The history of this dispute dates back to 2004 over subsidies and support for European Airbus and …
Read More »Trump Considering Executive Orders on China, Manufacturing And Immigration
Chief of Staff Mark Meadows told reporters at the White House on Monday that the US President is considering executive orders targeting China, manufacturing and immigration, according to Reuters. “It’s dealing with a number of executive orders that may go all the way from dealing with some of the immigration …
Read More »Eurozone Retail Sales Up in May
Eurostat figures reported on Monday showed that sales in the Eurozone increased with the easing of lockdown in the countries of the region, which revived sales surprisingly after its collapse in March and April. Eurostat reported that retail sales in the Eurozone rose 17.8% in May compared to-9.9 in April, …
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