The dollar approached a one-month low on Monday at the start of a busy week with US jobs data and a decision by the Australian Central Bank. The dollar index, which measures the performance of the US currency against six major currencies, recorded 92.065, slightly down from its level on …
Read More »Gold Slips Amid Caution Ahead of US Data
Gold prices fell amid cautious investors awaiting the non-farm payrolls data for the month of July to be released on Friday to gauge the strength of the labor market, while the attractiveness of gold also limited the rally of stocks. And gold fell in spot transactions 0.3 percent to $ …
Read More »European Shares at New Highs Supported by Corporate Results
European stocks rose to new highs, after a series of deals and strong business results from Europe’s largest bank HSBC, while sentiment was also supported by the recovery of Asian stocks. The pan-European Stoxx 600 index rose 0.8 percent to an all-time high of 465 points in early trading. British …
Read More »Oil prices fall on concerns about China’s economic growth and production increase
Oil prices fell Monday, August 2nd on concerns about the Chinese economy, after a survey showed that factory activity growth fell sharply in the world’s second-largest oil consumer, as well as heightened concerns about an increase in oil production from OPEC producers. Brent crude futures fell 74 cents, or 1%, …
Read More »Japanese stocks close higher thanks to encouraging results
Japan shares closed higher, thanks to encouraging results from shipping companies and others in cyclical sectors, reducing the impact of fears of a mutated delta strain of the fast-spreading Corona virus that threatens the recovery The Nikkei index closed up 1.82 percent at 27,781.02 points, erasing losses on Friday, when …
Read More »HSBC’s pre-tax profit more than doubled to $10.8 billion in the first half of 2021
HSBC’s profit, before tax, jumped to $10.8 billion in the first half of 2021, topping analysts’ estimates of $9.45 billion. While the bank’s revenues decreased in the same period by 4% to $25.6 billion, compared to the same period last year. Analysts had expected the bank to announce a big …
Read More »Canada: Real GDP Contracts by 0.3% in May as Expected
Canada’s Real Gross Domestic Product (GDP) contracted at a monthly rate of 0.3% in May, the data published by Statistics Canada showed on Friday. This print followed April’s decline of 0.5% and came in line with the market expectation.
Read More »US Annual Core PCE Inflation Rises to 3.5% in June
Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, stayed unchanged at 0.5% in June, the US Bureau of Economic Analysis reported on Friday. On a yearly basis, the PCE Price Index remained steady at 4%. The annual Core PCE Price Index, the Federal Reserve’s …
Read More »Turkey’s Trade Deficit Narrowed Slightly to $2.85B in June
Data from the Turkish Statistical Institute showed on Friday that the country’s foreign trade deficit shrank 0.2% year on year in June to $2.853 billion, according to the general trade system. After the trade was severely affected in the same period a year ago by the COVID-19 pandemic, Turkey’s exports …
Read More »Japan Extends State of Emergency, COVID-19 Cases Surge Over Olympics
Japan has decided to expand the scope of the state of emergency to three prefectures near Tokyo, which hosts the Olympic Games, and Osaka prefecture in the west of the country, with an increase in cases of COVID-19 that severely affected the summer games. Tokyo is already subject to its …
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