The President of the United States, Donald Trump, said on Tuesday that he has instructed the halt of stimulus talks between the Republicans and the Democrats until after the next elections, which take place on November 3. “I have instructed my representatives to stop negotiating until after the election when, …

Talks between the United Kingdom (UK) and the European Union (EU) are reportedly advancing, with the two parties edging closer to a trade agreement after the Brexit, Reuters reported on Tuesday, citing two diplomatic sources. The EU supposedly plans to finish negotiations by mid-November, one month and a half before …

Treasury yields in the United States declined on Tuesday, following remarks by President Donald Trump that he would end talks for a new stimulus package. Return on the 10-year Treasury bond decreased by 1.9 basis points to 0.741%. Yield on the 30-year bonds fell by 2.8 basis points to 1.537%, …

Oil prices rose for the second consecutive day on Tuesday, amid output disruptions and improved risk sentiment. Brent crude futures for December delivery added $1.36, or 3.3%, and closed at the level of $42.65 per barrel. Meanwhile, the US West Texas Intermediate (WTI) crude futures for November delivery finished higher …

Gold futures closed lower on Tuesday, after opening the week at its highest level in about two weeks, as the US Dollar (USD) is showing some recovery signs. Gold futures for December delivery declined by $11.30, or 0.6%, and settled at $1,908.80 per ounce. Meanwhile, silver futures for December delivery …

The United States Trade Representative Robert Lighthizer said on Tuesday that the higher trade deficit in 2020 is mainly due to non-monetary gold imports, Reuters reported. According to Lighthizer, Donald Trump’s trade policies were working despite last month’s $67.1 billion trade deficit, which was the highest in 14 years. “Basically, …

The United States Federal Reserve Chair Jerome Powell said on Tuesday that the US economy needs more stimulus and support efforts, as recovery is not yet complete and could still slip or change its direction into the negative territory if the COVID-19 crisis is not controlled effectively. Powell remarks came …

European stocks closed Tuesday higher, amid improved risk sentiment after news about the discharge of Donald Trump from hospital. The Stoxx Europe 600 index finished higher by around 0.1%, supported by the gains of bank stocks. The UK’s FTSE100 gained 0.12%, while the French CAC40 added 0.48%. Meanwhile, the German …

New job openings in the United States declined during the month of August, for the first time in four months, according to data by the US Department of Labor. Job openings decreased by 204,000 to 6.49 million last month, as per the monthly Job Openings and Labor Turnover Survey (JOLTS). …

The German and Irish governments are reportedly trying to avoid a new lockdown, as part of preventive measures against the Coronavirus (COVID-19) pandemic, according to Reuters. As businesses could be hit hard, the move seems to be falling out of favor in Berlin and Dublin. “There must not be a …