The French Minister of Finance, Bruno Le Maire, said on Friday that he expects France’s economy to perform better than initially expected. “I think we will do better in 2020 than the 11% recession forecast at the moment,” said the French minister in a TV interview as cited by Reuters. …

A better than expected decline in the unemployment rate in the United States and a higher than expected labor force participation rate are providing a much needed support for the US Dollar (USD) to maintain its recent rising trend on Friday. The Dollar index (DXY), which measures the performance of …

The New York Stock Exchange (NYSE) closed lower on Thursday, with technology stocks leading the decline. The Dow Jones Industrial Average dropped by 807.77 points, or 2.8%, to finish at 28,292.73. The S&P 500 index also plunged by 3.5% and closed at 3,455.06. Bearing the highest losses, the Nasdaq Composite …

Oil prices declined on Thursday, due to negative outlook for demand recovery from the effects of the COVID-19 pandemic. Brent futures for November delivery closed lower by 36 cents, or 0.8%, at $44.07 per barrel. This is the lowest closing level for the global benchmark crude oil futures since July …

Gold prices closed lower on Thursday, falling to their lowest level in about a week. The yellow metal futures for December delivery settled lower by $6.90, or 0.4%, at $1,937.80 per ounce. This is the lowest closing level for gold futures since Thursday August 27. Meanwhile, silver futures for December …

The President of the Federal Reserve Bank of Chicago, Charles Evans, has supported maintaining the current policy until inflation reaches 2.5%. “I’d be comfortable with inflation going up to 2.5% as long as we were trying to average off very low inflation rates.”“I think the way that we did it …

The President of the Federal Reserve Bank of Chicago, Charles Evans, has called upon Congress to agree on another stimulus package to support the US economy amid the COVID-19 crisis. “Given my outlook, I expect this means highly accommodative monetary policy will be appropriate for some time to come.”“It is …

The US Dollar (USD) is anticipating positive economic data to support its upward trend against major currencies. Recent manufacturing data helped the greenback, after data showed an increase in new factory orders as well as a surge in the sector purchasing managers’ index (PMI). However, the effects of the rising …

The European stocks closed Thursday lower, on the back of mixed economic data, reversing most of its gains on Wednesday. The Stoxx Europe 600 index closed lower by 1.40%, while the UK’s FTSE100 plunged by 1.52%. In Germany, the benchmark DAX index finished lower by 1.40%, while the French CAC40 …

There is more than a 30% chance for a no-trade deal Brexit, according to a recent report by JPMorgan, Reuters reported. The UK government reportedly sees no prospect for extending the transitional period for BREXIT negotiations, according to recent media reports. The transition or the implementation period ends on 31 …