Bilateral trade between France and the United States could be better if the Democratic nominee Joe Biden wins the elections, according to the French Minister of Trade, Franck Riester. France would surely see an improvement in relations. We would be more aligned on matters of sustainable development and perhaps also …

Wholesale inventories in the United States increased more than initially estimated during the month of September, data showed on Friday. US wholesale inventories went up by 0.4% in September, in contrast to an initial estimate of a 0.1% decline. This also follows an increase of 0.5% in August, according to …

Canada’s Ivey Purchasing Managers Index (PMI) increased to a seasonally adjusted reading of 54.5 in October, from 54.3 in September, beating expectations of 51.5, data showed on Friday. This is the fifth consecutive month for the Canadian PMI, in which it maintained its level above 50. The employment index rose …

The New York Stock Exchange (NYSE) closed Thursday higher, despite uncertainty about the results of the United States presidential elections. The Dow Jones Industrial Average increased by 542 points, or 1.95%, to close at 28,390.18 points. The S&P 500 gained 67.01 points, or 1.95%, and finished at 3,510.45 points. The …

Oil prices declined on Thursday, after rising for three consecutive sessions, amid growing concerns about the COVID-19 pandemic. Brent crude futures for January delivery lost 30 cents, or 0.7%, to finish at $40.93 per barrel. Meanwhile, the West Texas Intermediate (WTI) futures for December delivery closed lower by 36 cents, …

Treasury yields in the United States showed a mixed performance on Thursday, as the Federal Reserve maintained interest rates near 0%. The 10-year Treasury yield declined by 0.2 basis points to 0.77%. Return on the 30-year bond decreased by 1.2 basis points to 1.537%. Meanwhile, the return on the two-year …

Gold prices settled on Thursday at their highest level in about seven weeks, as the US Dollar (USD) declined across the board amid uncertainty about the United States election results. Gold futures for December delivery gained $50.60, or 2.7%, and settled at $1,946.80 per ounce. This is the highest closing …

The United States Federal Reserve has expressed commitment to using its full range of tools to support the economy in the face of the Coronavirus crisis. The target range for the federal funds rate has been kept at 0% to 0.25% and the Fed expects it will be appropriate to …

The United States Federal Reserve has maintained interest rates near 0%, noting that the American economy is still below its pre-COVID-19 levels.

The British Pound (GBP) is rising against the US Dollar (USD), as the latter is declining across the board. This comes amid the continued uncertainty surrounding the outcomes of the presidential elections. The GBP/USD is trading higher by 0.81% at 1.3093. The pair has been moving in a range between …