The headline seasonally adjusted UK Composite Output Index registered 57.1 in July, up from 47.7 in June, according to data by the IHS Markit and CIPS survey. The improvement in business conditions across the UK helped the private sector economy in restoring recovery signs against the COVID-19 crisis. The flash …

The German economy maintained its move towards recovery during July, according to the latest flash purchasing manager’s index (PMI) data by IHS Markit. The headline Germany Composite Output Index rose sharply again in July, recovering further from a record low in April. The index recorded 55.5 in July, up from …

Data by the US Department of Commerce showed on Friday that new home sales in the United States increased by 13.8% to a seasonally adjusted annual rate of 776,000 units in June. Meanwhile, May’s revised reading stood at 682,000 units. On Wednesday, data by the National Association of Realtors showed …

The US Dollar continued its downward performance against major rivals, with the DXY index currently down by 0.20% for the day at 94.80. Meanwhile, gold prices are on track to break the record for its highest level on record, while oil futures remain impacted by the increase in crude inventories …

President of the United States, Donald Trump, announced in a press briefing on Thursday that many schools across the US are ready to open again after months of closure as a preventive measure against the coronavirus disease (COVID-19). “Given these considerations, we believe many school districts can now reopen safely, …

The New York Stock Exchange (NYSE) settled lower on Thursday on the back of losses by tech shares and investors’ sentiment being negatively impacted by the recent unemployment data, with another surge in US jobless claims. The Dow Jones Industrial Average Index closed at 26,652.33, falling by 353.51 points or …

Talks for a trade agreement between the United Kingdom (UK) and the European Union (EU) in the post-Brexit era are reportedly stalling or showing little progress. The two sides need to agree on fundamental principles first before negotiations can move forward. “We only have a few weeks left, and we …

Oil prices declined on Thursday after recent data showed a surprise buildup in the US crude oil inventories, as well as natural gas supplies, prompting worries about the demand recovery as the number of COVID-19 cases increase. The US benchmark, West Texas Intermediate (WTI), crude futures for September delivery declined …

Gold prices continued the upward performance on Thursday and settled higher on the back of increased demand for safe havens. The yellow metal gains were also supported by a weak performance by the US Dollar across the board. After trading as high as $1,897.7 per ounce, gold futures for August …

European stocks closed Thursday after showing mixed performance across the old continent’s markets, pushed downwards by tensions between Washington and Beijing and the worse than expected unemployment data in the US. On the other hand, positive financial results by some listed companies gave support to the stock market. The pan-European …