Market Update

Unemployment in Switzerland declined in July compared with its level in June, but remained higher by about 53% compared with its level in July 2019. The unemployment rate registered 3.2% last month, according to data by the Swiss State Secretariat for Economic Affairs (SECO). The Swiss Franc (CHF) is declining …

European stocks closed higher on Monday, despite concerns about the COVID-19 pandemic and tensions between the U.S. and China. The STOXX Europe 600 index closed higher by around 0.2%, shedding some of its gains earlier in the session. In London, the FTSE100 index added 0.31%, while the French CAC40 closed …

Job openings in the United States rose in June more than expected, as shown by data released on Monday. The new job openings increased to 5.89 million in June, from a revised 5.37 million in May, as per daya by the U.S. Department of Labor’s Job Openings and Labor Turnover …

The World Health Organization (WHO) has warned that a gap in funding could negatively affect the fight against the coronavirus (COVID-19) pandemic, CNBC reported. “We have to fundamentally scale up the way we are financing the ACT-Accelerator and prioritize the use of new tools.”said the head of WHO, Tedros Adhanom …

Data showed unemployment in Turkey rose slightly between April and June to 12.9%, compared to 12.8% in the previous month, thanks to a ban on layoffs amid the Corona pandemic. Employment fell by 2.4 million year-on-year in the same period to 25.9 million, in conjunction with the almost complete halt …

Eurozone Sentix Investor Confidence rose to -13.4 in August, up from -18.3, above the expectation of -15.2. It’s also the fourth increase in a row and highest since February. The current Situation index rose to -41.3, up from -49.5, highest since March. Expectations, however, dropped slightly to 19.3, down from …

French economic activity in July declined by 7% from its pre-pandemic level, which reflects a slight improvement compared to June, which recorded a decrease of 9%. The construction sector approaches pre-pandemic levels, according to the latest report issued by the French Central Bank. In its monthly business conditions report, the …

The annual inflation reading in China improved in July above market expectations, as the CPI grew by 2.7% year on year, higher than the expected 2.6%, and also recorded 0.6% on m-o-m in July. At the same time, the producer price index recorded a contraction more than expected, contracting on …

There is a huge gap between funds needed to fight the coronavirus and funds committed worldwide, World Health Organization chief Tedros Adhanom Ghebreyesus said on Monday. According to Reuters. But he said he saw “green shoots of hope”. “It is never too late to turn the pandemic around,” Tedros told …

British Prime Minister Boris Johnsons aid on Monday that they will not hesitate to reimpose quarantine measures if needed. Regarding the government’s travel advice, “we will keep looking at the data on where people want to travel,” Johnson noted and urged people to consider the government’s guidance when making holiday …