Breaking News

According to the preliminary report from IHS/Markit research, Eurozone business activity fell sharply in November as countries introduced more aggressive measures. In fact, the Eurozone manufacturing purchasing managers index (PMI) fell to a three-month low level of 53.6 during the reported month, down from 548 in October. Adding to this, …

Retail Sales in Canada rose by 1.1% on a monthly basis in October to $ 53.9 billion, the data published by Statistics Canada showed on Friday. This reading followed August’s increase of 0.4% and came in slightly lower than the market expectation of 1%. “Rounding out the third quarter, retail …

Bitcoin broke the $ 18,000 barrier today, Wednesday, reaching its highest level since December 2017, continuing its great rise in 2020, supported by demand for its nature, which is a hedge against inflation and expectations for a general trend to accept. The main and largest cryptocurrency jumped to $ 18,483, …

President of the Federal Reserve Bank of Atlanta, Raphael Bostic, said on Tuesday that weak October retail sales are showing short-term risk to economic recovery in the United States from the impact of the Coronavirus pandemic, Reuters reported. “We have short-term and immediate-term concerns with the spike in the virus …

Germany’s Chancellor Angela Merkel said on Tuesday, “coronavirus cases are not falling as fast as we expected,” adding that the “economy will recover if we keep virus numbers low.” She said: “Virus numbers are too high, contacts must be reduced.”

Manufacturing sales in Canada increased by 1.5% to CAD 53.8 billion in September, data by Statistics Canada showed on Monday. The reading follows a monthly revised decline of 1.4% in August, from an initially estimated 2% decrease.

The headline General Business Conditions Index of the NY Fed’s Empire State Manufacturing Survey fell to 6.3 in November from 10.5 in October, the NY Fed’s report revealed on Monday. This reading missed analysts’ estimate of 13.5 by a wide margin.

Moderna said its initial, third-beta data show its coronavirus vaccine is more than 94% effective in preventing Covid-19 – a result that CEO Stéphane Bancel has called it a “game-changer”. He added, “The thing that got me the most excited today was the severe disease.” Moderna, which developed its vaccine …

Risk flows started to dominate financial markets on Monday after Moderna announced that its COVID-19 vaccine candidate is expected to remain stable at standard refrigerator temperatures of 2° to 8°c for 30 days.

The Eurozone economy saw a rebound of 12.6% on quarter in the three months to September of 2020, missing +12.7% expected. Data released by the European Statistics Office (Eurostat) revealed on Friday. On an annualized basis, the bloc’s GDP dropped by 4.4% in Q3 vs. -4.3% seen in the previous reading while …