Home / Market Update (page 1902)

Market Update

U.S. Budget Deficit at $63 B in July

The United States federal budget deficit declined to $63 billion in July, compared with $864 billion in June, Reuters reported. This is attributed to a delayed payment deadline on July 15, which boosted revenues last month. Deficit since the beginning of 2020 to the end of July stands at $2.81 …

Read More »

Kudlow: U.S. Economy Needs Little Assistance

The United States economy does not near a huge stimulus package, according to the White House economic adviser, Reuters reported. The Director of the National Economic Council, Larry Kudlow, said on Wednesday that the economy’s numbers and figures are improving, despite a recent increase in COVID-19 cases. “The executive orders …

Read More »

European Stocks Maintain Gains

European stocks continued with the upward trend on Wednesday, as the STOXX Europe 600 index closed up by over 1.14%. Most of the market sectors registered gains, with telecom, travel, and entertainment stocks showing strong performance. The FTSE100 index gained 2.04%, supported by positive economic data in the UK. Meanwhile, …

Read More »

US Consumer Prices Rose 0.6% in July

Consumer prices in the US rose more than expected in July, but rising unemployment will likely keep inflation under control, allowing the Federal Reserve to continue pumping liquidity into the economy to help it recover from the recession caused by the Covid-19 pandemic. The US Labor Department said its consumer …

Read More »