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Christine Lagarde, President of the European Central Bank, is delivering her remarks at the ECB Forum on Central Banking 2020. “Developments in the exchange rate may have a negative impact on the path of inflation.”“If this second wave of the virus proves to be less intense than the first, it …

The German ZEW headline numbers for November showed that the Economic Sentiment Index came in at 39.0 versus 41.7 expectations and 56.1 last. While the sub-index Current Conditions figure arrived at -64.3 in Nov versus -65.0 expected and -59.5 previously. Meanwhile, the Eurozone ZEW Economic Sentiment for Nov slumped to …

The S&P 500 reached a new record high on Monday after Pfizer announced the Corona vaccine, which is more than 90% effective in preventing Covid-19, per Pfizer. At the time of writing, the index increased by 3.75% to 3,640. Meanwhile, the Dow Jones Industrial Average reached an all-time high, up …

US stock futures jumped sharply in the past hour after the pharmaceutical company Pfizer announced that its coronavirus vaccine, in cooperation with German BioNTech, was more than 90% effective in preventing infection. As an initial market response, S&P 500 futures rose to a new record high at 3648. In addition, …

Pharmaceutical giant Pfizer has said that its COVID-19 vaccine study has shown that it prevents 90% of infections among those who had no evidence of previous infection. The company has been developing a vaccine with Germany’s BioNTech. No fewer than 43,500 have been participating in the Phase 3 trial. Pfizer …

Nonfarm Payrolls (NFP) in the US rose by 638,000 in October, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed September’s increase of 672,000 (revised from 661,000) and beat the market expectation of 600,000. Further details of the publication revealed that the Unemployment …

The United States Federal Reserve has maintained interest rates near 0%, noting that the American economy is still below its pre-COVID-19 levels.

There were 751,000 initial claims for unemployment benefits in the US during the week ending October 31st, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed last week’s print of 758,000 (revised from 751,000) and came in worse than the market expectation of …

Planned job cuts in the US-based employers declined to 80,666 in October from 118,804 in September, Challenger Gray & Christmas announced in its latest Job Cut Report on Thursday. “October’s total is 32% lower than the 118,804 cuts announced in September,” the publication read. “It is 60% higher than the 50,275 …

Following the BOE’s policy announcement, the central bank released the minutes of the meeting, with the key highlights found below (via Reuters). “Market participants attach some weight to the possibility of a negative bank rate.The market path for interest rates averages zero over the forecast period.Market-implied path for bank rate …