Tag Archives: COVID-19

The United States announced that all flight passengers arriving from China will be required to show a negative Covid test result before flying to the States. The decision will come into force as of January 5.Risk sentiment is lukewarm amid fresh concerns over the covid spread worldwide once again. The …

Oil prices rose in early trading on Tuesday, supported by a weaker dollar and the United States’ plan to rebuild its strategic reserves, but gains were limited by uncertainty over the impact of rising COVID-19 cases in China, the world’s largest oil importer. Brent crude futures rose 61 cents, or …

Oil prices surged on Monday on optimistic expectations and hopes for China’s economy after news speaking about relaxing COVID-19 restrictions. But, fears of a global recession would weigh on energy demand and therefore oil’s gains are limited.China is experiencing its first of three expected waves of COVID-19 cases after Beijing …

The AUD/USD pair holds on positive performance despite risk aversion. The Australian economy expanded less than expected in the third quarter, so investors’ eyes are still on the economic data.The AUD/USD pair is higher on the day having climbed from a low of 0.6668 and reaching a high of 0.6734 …

The General Administration of Customs said on Wednesday, December 7, that dollar exports fell 8.7% in November compared to the previous year to $296 billion, which is the lowest level since April, when Corona restrictions led to the closure of Shanghai factories and roads and prevented companies from placing goods …

Chinese authorities are considering downgrading Covid-19. This could be a positive for risk appetite on Wednesday in the financial markets that have been impacted on Tuesday by risk aversion.Global stocks had their third straight day of losses on Tuesday as investors felt perplexed on how long the Fed will maintain …

Explosions struck two military airbases deep inside Russia on Monday as a result of drone attacks launched by Ukraine, according to Russian and Ukrainian officials, in what appeared to be an audacious attempt to hit the long-range bombers Russia has used to devastate Ukraine’s power grid.Russia’s defense ministry on Monday …

European markets closed higher on Wednesday as November has proved to be a month with robust performance while regional investors reacted to the latest inflation data from the Eurozone for the month.Stoxx 600 closed up 0.6%, adding monthly gains of around 6.1%. Household goods added 2.3% to represent the leading …

Contango is traditionally defined as the case where the commodity market witnesses prices for delivery at later dates that are higher than immediate exchange prices; that is to say, it is a market condition signaling oversupply and a situation where traders exploit the moment to buy for storing oil for …

The British Pound fell slightly on Friday, but is still on track for its third consecutive weekly increase against the US dollar. Analysts expect sterling to remain fragile as central banks, including the Bank of England, continue to tighten monetary policy even though the recession is expected to be deeper …