Market Update

The Trump administration is satisfied with the progress made in applying the first phase of the trade deal between the United States and China, according to White House economic adviser Larry Kudlow. Kudlow, the Director of the National Economic Council, told Fox News on Thursday that the U.S. Trade Representative, …

Former Vice President of the United States and the Democratic Candidate for the 2020 Presidential Elections, Joe Biden, has called for a mandate the obligates all Americans to wear face masks, as a preventive measure against the COVID-19 pandemic. This could save around 40,000 lives, according to estimates by experts, …

Oil prices settled lower on Thursday after a mixed performance, on the back of expectations of a slump in the global demand for crude oil this year. This comes one day after crude prices surged due to a more than expected decline in U.S. oil stockpiles. Brent crude futures for …

Gold prices rose on Thursday, after a brief correction movement on Tuesday, surging by as much as 2.5% after data showed that jobless claims in the United States fell below one million for the first time since March. However, the yellow metal is yet to restore the $2,000 an ounce …

The average fee for Ethereum transaction increased to a new record high of $7.50, Coin Telegraph reported. The rise in fees is attributed to increased interaction with stablecoins on the Ethereum network. Ethereum rose by around 2.47% during the past 24 hours, as it is now trading at $394.68.

White House economic adviser and the Director of the National Economic Council, Larry Kudlow, expects unemployment rate in the United States to fall below 10% in August. Besides the single-digit unemployment rate, Kudlow says the U.S. economy growing in the third quarter (Q3) by 20%, Reuters reported. “The key point …

European stocks closed lower on Thursday, due to negative earnings reports by a number of major listed companies. The Stoxx Europe 600 index declined by 0.46%, while FTSE100 dropped 1.50%. In France, the CAC40 index settled lower by 0.61%, while the German DAX fell by 0.50%.

Wall Street indices opened Thursday mixed, with the Dow showing losses while Nasdaq and S&P holding on to gains, supported by a record decline in jobless claims to their lowest level in around five months. The Dow Jones Industrial Average is down by 53.19 points or 0.19%, and S&P 500 …

The Turkish lira is heading towards a record low on Thursday after Finance Minister Barat Albayrak played down the importance of currency fluctuations and emphasized its competitiveness. Turks have flocked to buy foreign currency in recent weeks and analysts have called for tougher measures, such as an official tightening of …

Spanish Trade Minister Reyes Maroto said the United States should waive its tariffs imposed on European Union because the bloc has complied with all WTO rules regarding aircraft manufacturer Airbus. She added that the Spanish government rejects a US decision to keep the duties in effect on European Union goods. …