Economic Report

Japanese stocks achieved the largest weekly gain in two months, thanks to hopes for more stimulus in the United States, although some investors doubt the prospects of reaching an agreement in this regard before the US presidential elections. The Nikkei index closed down 0.12% at 23,619.69 points today. For the …

Oil prices rose Thursday as workers in the oil sector evacuated platforms in the Gulf of Mexico in the United States before Hurricane Delta, but fears of fuel demand continued due to the dissipation of the prospects of a US stimulus agreement and after an increase in US crude stocks. …

The latest United States Federal Reserve’s Federal Open Market Committee (FOMC) meeting minutes showed on Wednesday that monetary policymakers are concerned about the absence of another stimulus package, with fears that this could downplay the economic recovery. However, recovery was seen moving faster than expected, according to the minutes of …

The President of the United States, Donald Trump, said on Tuesday that he has instructed the halt of stimulus talks between the Republicans and the Democrats until after the next elections, which take place on November 3. “I have instructed my representatives to stop negotiating until after the election when, …

The dollar index declined slightly on Monday, as it witnessed little change from Friday’s closing, as financial markets await news about the health of US President Donald Trump and the developments in talks regarding financial aid in Washington. On Friday, Trump announced that he had tested positive for COVID-19, prompting …

The United States House of Representatives recently passed a $2.2 trillion stimulus package to help the American economy face the impact of the Coronavirus (COVID) pandemic. The bill was passed by the Democratic majority in the house, however, objections from Republicans mean the relief package is not likely to pass …

Oil prices continued to drop to more than 3% after President Trump said he and his wife had tested positive for Covid-19 besides existing concerns about demand. Brent crude fell after Trump’s headlines, down 1.47 cents, or 3.6%, to $ 39.4 a barrel, and US crude fell $ 1.40, or …

The European Union has launched a legal case against the United Kingdom on Thursday over its plans to pass legislation that would breach parts of the legally binding Brexit agreement the two sides reached late last year. Johnson risked proposing legislation that would repeal parts of the EU Withdrawal Agreement that …

The dollar fell Thursday, October 1, to its lowest level in 9 days, as strong US data and hopes about a fiscal stimulus boosted investor confidence enough to take in more risky currencies. The Chinese yuan rose against the dollar and reached its highest level in a year and a …

The British Pound (GBP) rose on Wednesday against the US Dollar (USD) and mostly across the board, as investors adjust their position at the end of September and the third quarter (Q3) of the year. The GBP/USD pair is up by 0.31%, trading at 1.2903, after rising earlier today by …