Economic activity and financial stability in Japan are facing the risk of significant constraints in case preventive measures against the COVID-19 pandemic are fully re-imposed, Bank of Japan Governor Haruhiko Kuroda has warned. However, Japan is not going into deflation with the Bank of Japan maintaining its 2% inflation target, …

The US Federal Reserve Vice Chairman, Richard Clarida, said in an interview on Wednesday that the United States economy could recover to its levels prior to the COVID-19 crisis by the end of next year, Reuters reported. “It will take some time, I believe, before we get back to the …

Crude oil inventories in the United Stated declined for the second consecutive week, according to data by the US Energy Information Administration (EIA). Oil stockpiles decreased by 7.4 million barrels last week, exceeding market estimates, to a total of 518.6 million barrels. Yesterday, data by the American Petroleum Institute (API) …

Purchasing managers’ indices (PMIs) in the United States showed a mostly positive performance during the month of July, according to data by IHS Markit. Four out of seven sectors expanded in activity in July, while the others showed slower rates of decline compared with June, reflecting the uneven impact of …

Gold continued its historic rise, amidst increased demand for safe havens, despite the US Dollar recovering on the back of positive economic data. This data also helped crude oil prices resume gains, while stock markets showed a mixed performance around the globe. Here is a look at today’s top stories. …

Wall Street closed Tuesday higher with a positive investor sentiment resulting from a number of financial results and talks about a new stimulus package that is currently being discussed in Washington. The Dow Jones Industrial Average gained 164 points or 0.62% and closed at 26,828.47 points. Meanwhile, S&P 500 and …

Oil prices rose on Tuesday to its highest level in about five months, supported by positive economic data that signals the global recovery from the economic impacts of the COVID-19 crisis. The global benchmark Brent crude futures rose by 28 cents or 0.6% and settled at $44.43 per barrel, its …

Gold prices surged on Tuesday, closing at a new record level due to increased demand on safe havens and a decline in US Treasury bond yields. Despite the US Dollar (USD) showing recovery signs on the back of positive economic data, the precious metal was over to continue its upward …

The global current account imbalances have narrowed in 2019 as international trade slowed, and the COVID-19 could further narrow it in 2020, the International Monetary Fund (IMF) said in a report on Tuesday, Reuters reported. However, commodity exporters and countries that depend on tourism are expected to register current account …

The Australian Dollar (AUD) is rising across the board against major currencies, supported by the recent decision and policy statement by the Reserve Bank of Australian (RBA). As expected, the RBA maintained its main rate at 0.25%, a historically low rate, which aims to curb the effects of the COVID-19 …