{"id":31918,"date":"2020-07-25T01:30:11","date_gmt":"2020-07-24T21:30:11","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=31918"},"modified":"2020-07-25T01:00:10","modified_gmt":"2020-07-24T21:00:10","slug":"daily-recap-friday-july-24-2020","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/daily-recap-friday-july-24-2020\/07\/25\/economic-reports\/daily-economic-reports\/","title":{"rendered":"Daily Recap: Friday, July 24, 2020"},"content":{"rendered":"\n<p>The world economy is showing strong signs of recovery, according to recent PMI data from Europe and the US, however, the rising number of COVID-19 cases in the US and escalating political tensions between Washington and Beijing left a toll on stock markets and increased the demand for safe havens. This has led gold prices to record a new record high at Friday\u2019s close. Here\u2019s a look at today\u2019s top stories.<\/p>\n\n\n\n<p><strong>Forex:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/noortrends.ae\/en\/usd-maintains-losses-with-rising-safe-haven-demand\/07\/25\/market-updates\/\">USD Maintains Losses with Rising Safe Haven Demand<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/russian-central-bank-cuts-key-rate\/07\/24\/market-updates\/\">Russian Central Bank Cuts Key Rate<\/a><\/li><\/ul>\n\n\n\n<p><strong>Commodities:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/noortrends.ae\/en\/oil-resumes-gains-despite-uncertainties\/07\/25\/market-updates\/\">Oil Resumes Gains Despite Uncertainties<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/gold-settles-at-new-all-time-high\/07\/24\/market-updates\/\">Gold Settles at New All-Time High<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/us-oil-rigs-rise-for-first-time-in-four-months\/07\/24\/market-updates\/\">US Oil Rigs Rise for First Time in Four Months<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/gold-is-approaching-the-level-of-1900\/07\/24\/market-updates\/\">Gold Approaching $1,900<\/a><\/li><\/ul>\n\n\n\n<p><strong>Stocks:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/noortrends.ae\/en\/wall-street-record-weekly-losses\/07\/25\/market-updates\/\">Wall Street Record Weekly Losses<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/european-stocks-down-1-5-for-the-week\/07\/24\/market-updates\/\">European Stocks Down 1.5% for the Week<\/a><\/li><\/ul>\n\n\n\n<p><strong>Economic Data:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/noortrends.ae\/en\/us-pmi-shows-more-recovery-signs\/07\/24\/market-updates\/\">US PMI Shows More Recovery Signs<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/uk-economy-showing-strong-recovery\/07\/24\/market-updates\/\">UK Economy Showing Strong Recovery<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/german-pmi-rises-in-july\/07\/24\/market-updates\/\">German PMI Rises in July<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/us-new-home-sales-rise-by-13-8\/07\/24\/market-updates\/\" class=\"rank-math-link\">US New Home Sales Rise by 13.8%<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/eurozone-pmi-expands-in-july\/07\/24\/market-updates\/\" class=\"rank-math-link\">Eurozone PMI Expands in July<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/french-business-activity-rebounded\/07\/24\/market-updates\/\" class=\"rank-math-link\">French Business Activity Rebound<\/a><\/li><li>UK <a href=\"https:\/\/noortrends.ae\/en\/retail-sales-continue-to-bounce-back-in-june\/07\/24\/market-updates\/\" class=\"rank-math-link\">Retail Sales Bounce Back in June<\/a><\/li><\/ul>\n\n\n\n<p><strong>News:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/noortrends.ae\/en\/wto-global-trade-was-hit-by-covid-19\/07\/25\/market-updates\/\">WTO: Global Trade Was Hit by COVID-19<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/china-orders-u-s-to-shut-chengdu-consulate\/07\/24\/market-updates\/\">China Orders U.S. to Shut Chengdu Consulate<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The world economy is showing strong signs of recovery, according to recent PMI data from Europe and the US, however, the rising number of COVID-19 cases in the US and escalating political tensions between Washington and Beijing left a toll on stock markets and increased the demand for safe havens. This has led gold prices &hellip;<\/p>\n","protected":false},"author":10,"featured_media":31658,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827],"tags":[7028],"class_list":["post-31918","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","tag-daily-recap"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=31918"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31918\/revisions"}],"predecessor-version":[{"id":31919,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31918\/revisions\/31919"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31658"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=31918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=31918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=31918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}