Japan’s exports jumped in June, led by US demand for cars and shipments to China of chip-making equipment, raising hopes of an export-fueled recovery in the world’s third-largest economy. Exports increased 48.6% year on year in June, posting double-digit gains for the fourth consecutive month, but the rate was greatly …
Read More »Japanese Stocks Rise After Five Sessions of Losses
Japanese stocks snapped a five-session losing streak as investors re-purchased shares whose prices fell amid cautious optimism about earnings ahead of a long weekend marking the start of the Tokyo Olympic Games. The Nikkei index closed up 0.58 percent at 27,548 points, rebounding from Tuesday’s six-month low, although it failed …
Read More »Leading Stocks And Travel Companies Lead The Gains in Europe
A series of strong results from European blue-chip companies helped the region’s stock index rise on Wednesday and continue to recover after Monday’s sharp losses, while travel stocks returned to their strong performance after weeks of declines. The pan-European Stoxx 600 index was up 0.7%, while leisure and travel stocks …
Read More »Crude Oil Prices Fall on Unexpected Surge in US Stocks
Oil prices fell after a sector report showed an unexpected increase in US crude stocks last week, stoking fears that a new surge in Covid-19 infections could reduce demand for fuel. Brent crude futures fell 36 cents, or 0.5 percent, to $ 68.98 a barrel at 0628 GMT, giving up …
Read More »The US Dollar Approaching Annual Peaks, ECB In Sight
The dollar stood within shouting distance of new record annual peaks on Wednesday, as fears of rising covid-19 infections capped gains from interest rate hike expectations. Meanwhile, investors are waiting to get signs from the European Central Bank on their next move. On Tuesday, the euro touched its lowest level …
Read More »India Records Highest Daily Death Toll in a Month due to Covid-19
India’s health ministry data showed that the country recorded 4,2015 new coronavirus cases in the last 24 hours, while the number of deaths jumped by 3,998, the highest daily toll since June 12. The data revealed that the total number of injuries reached 31.22 million cases, while the deaths amounted …
Read More »Germany Records 2,203 New Infections With Coronavirus
Data from the Robert Koch Institute for Infectious Diseases showed on Wednesday that the number of confirmed cases of coronavirus in Germany rose by 2,203 to 3,748,613. The data revealed that the country recorded 19 new deaths from the disease, bringing the total to 91,416.
Read More »The US Dollar Approaching Monthly Peaks Supported by Powell’s Comments
The dollar, when tracked by the US dollar index DXY, expands optimism in the second half of the week and approaches monthly tops around 92.80, and the index advances for the second consecutive session and trades near the monthly peak located in the 92.80 / 85 range, always on the …
Read More »US: Retail Sales Increase by 0.6% in June
Retail Sales in the US rose by 0.6% to $621.3 billion in June following May’s contraction of 1.7% (revised from -1.3%), the data published by the US Census Bureau revealed on Friday. This reading came in better than the market expectation for a decline of 0.4%.
Read More »More Than 100 Deaths and Thousands of Homes Cut off in Floods in Germany
The number of people killed in floods in western Germany jumped to 103, from 93, bringing the total number of flood victims in western Europe to at least 117, the authorities said on Friday, while Germany’s largest electricity distribution company (SE:5110) said that 114 were out of power. A house …
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