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Market Update

Mnuchin Vows to Work on New Stimulus Deal

The United States Secretary of Treasury, Steven Mnuchin, said on Monday that he will continue to work to reach a deal with Congress for a new economic stimulus package. Speaker of the House, Nancy Pelosi, recently expressed hopes for a new deal to help the economy cope with the complications …

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Germany to Maintain Economic Recovery

The German economy is expected to maintain recovery until the end of the year, according to Germany’s economy minister. The minister expects strong growth during the third quarter (Q3) of 2020. However, reaching pre-COVID-19 levels is not expected before 2022. “The German economy is continuing to pick up, albeit at …

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WHO: A Record Number of Daily Coronavirus Cases

The World Health Organization revealed a record number of daily infections with the Coronavirus around the world today, Sunday, reaching 307,930 cases in total within 24 hours. The organization reported on its website that India, the United States and Brazil recorded the largest increases. The daily number of deaths increased …

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US Dollar Back to Decline, Eyes on Fed

The dollar fell on Monday, September 14th against other major currencies, as a wave of mergers and acquisitions lifted sentiment in global stock markets as investors looked forward to a week crowded with events including the US Federal Reserve meeting and the appointment of a new Japanese prime minister. Attention …

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Turkey’s Industrial Production Accelerates

Data showed Turkish industrial production rose 4.4% year-on-year in July, exceeding expectations and continuing to accelerate since the economy reopened in June following anti-Coronavirus closures. In a Reuters poll, industrial output was expected to grow 3% year-on-year in July. Compared to the previous month, production in the manufacturing sector rose …

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