{"id":32584,"date":"2020-08-12T02:45:03","date_gmt":"2020-08-11T22:45:03","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=32584"},"modified":"2020-08-12T02:45:07","modified_gmt":"2020-08-11T22:45:07","slug":"daily-recap-tuesday-august-11-2020","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/daily-recap-tuesday-august-11-2020\/08\/12\/economic-reports\/daily-economic-reports\/","title":{"rendered":"Daily Recap: Tuesday, August 11, 2020"},"content":{"rendered":"\n<p>After a continuous upward trend that saw it achieve new unprecedented levels, gold prices were always going to see a correction wave, as stock markets flourished amid an improved risk appetite. Meanwhile, oil prices fell on rising concerns about the COVID-19 pandemic and its effect on the demand recovery, despite the announcement of a new vaccine. Here is a look at today\u2019s top stories.<\/p>\n\n\n\n<p><strong>Forex and Cryptocurrencies:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/noortrends.ae\/en\/pboc-sets-yuan-reference-rate-at-6-9711\/08\/11\/market-updates\/\">PBOC Sets Yuan Reference Rate at 6.9711<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/russia-announces-the-development-of-a-new-cryptocurrency-monitoring-system\/08\/11\/market-updates\/\">Russia Launches New Cryptocurrency Monitoring System<\/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\/api-u-s-crude-oil-inventories-down-4-4-m-barrels-in-week\/08\/12\/market-updates\/\">API: U.S. Crude Oil Inventories Down 4.4 M Barrels in Week<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/oil-prices-settle-lower-by-1-2\/08\/12\/market-updates\/\">Oil Prices Settle Lower by 1%<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/eia-u-s-oil-production-seen-at-11-26-m-b-d-in-2020\/08\/12\/market-updates\/\">EIA: U.S. Oil Production Seen at 11.26 M b\/d in 2020<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/gold-sees-biggest-decline-in-seven-years\/08\/12\/market-updates\/\">Gold Sees Biggest Decline in Seven Years<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/gold-declining-rapidly-while-usd-maintains-gains\/08\/11\/market-updates\/\">Gold Declining Rapidly while USD Maintains Gains<\/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\/nyse-indices-mixed-at-tuesdays-close\/08\/12\/market-updates\/\">NYSE Indices Mixed at Tuesday\u2019s Close<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/airbnb-plans-ipo-in-2020\/08\/12\/market-updates\/\">Airbnb Plans IPO in 2020<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/european-stocks-close-on-large-gains\/08\/11\/market-updates\/\">European Stocks Close on Large Gains<\/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\/russias-gdp-contracts-8-5-in-q2-of-2020\/08\/12\/market-updates\/\">Russia\u2019s GDP Contracts 8.5% in Q2 of 2020<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/uk-sees-largest-quarterly-fall-in-employment-in-11-years\/08\/11\/market-updates\/\">UK Sees Largest Quarterly Fall in Employment in 11 Years<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/us-ppi-registers-highest-rise-in-21-months\/08\/11\/market-updates\/\">US PPI Registers Highest Rise in 21 Months<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/how-the-swiss-economy-is-coping-with-covid-19\/08\/11\/economic-reports\/\">How the Swiss Economy is Coping with COVID-19?<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/german-investor-confidence-improved-in-august\/08\/11\/market-updates\/\">German Investor Confidence Improved in August<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/uk-consumer-spending-recovers-in-july-with-bars-and-restaurants-reopening\/08\/11\/market-updates\/\">UK Consumer Spending Recovers in July<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/unemployment-benefits-in-britain-at-94-4-thousand\/08\/11\/market-updates\/\">Unemployment Benefits in Britain at 94.4 Thousand<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/japans-service-sector-sentiment-improves-in-july\/08\/11\/market-updates\/\">Japan\u2019s Service Sector Sentiment Improves in July<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/car-sales-in-china-are-rising-for-the-fourth-consecutive-month\/08\/11\/market-updates\/\">Car sales in China Rising for Fourth Consecutive Month<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/japan-current-account-surplus-narrows-to-5-year-low\/08\/11\/market-updates\/\">Japan Current Account Surplus Narrows to 5-Year Low<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/uk-unemployment-rate-beats-with-3-9-in-june\/08\/11\/market-updates\/\">UK Unemployment Rate at 3.9% in June<\/a><\/li><\/ul>\n\n\n\n<p><strong>Remarks:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/noortrends.ae\/en\/barkin-no-stimulus-package-could-spur-recession\/08\/12\/market-updates\/\">Barkin: No Stimulus Package Could Spur Recession<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/french-pm-warns-of-covid-19-second-wave\/08\/12\/market-updates\/\">French PM Warns of COVID-19 Second Wave<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/feds-daly-warns-against-inequality-amid-covid-19-fight\/08\/12\/market-updates\/\">Fed\u2019s Daly Warns Against Inequality Amid COVID-19 Fight<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/trump-says-considering-cutting-capital-gains-tax\/08\/11\/market-updates\/\">Trump Considering Cutting Capital Gains Tax<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/wh-adviser-obrien-us-is-deeply-troubled-by-arrest-of-jimmy-lai\/08\/11\/market-updates\/\">WH Adviser O\u2019Brien: US is \u2018deeply troubled\u2019 by arrest of Jimmy Lai<\/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\/u-s-to-purchase-100-m-doses-of-moderna-vaccine\/08\/12\/market-updates\/\">U.S. to Purchase 100 M Doses of Moderna Vaccine<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/biden-picks-kamala-harris-for-vp-slot-on-democratic-ticket\/08\/12\/market-updates\/\">Biden Picks Kamala Harris for VP Slot on Democratic Ticket<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/the-russian-president-announces-the-registration-of-the-worlds-first-vaccine-for-coronavirus\/08\/11\/market-updates\/\">Russia Announces World\u2019s First COVID-19 Vaccine<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/hong-kong-goods-for-export-to-u-s-to-be-labelled-made-in-china\/08\/11\/market-updates\/\">Hong Kong Exports to U.S. to be Labelled \u201cMade in China\u201d<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>After a continuous upward trend that saw it achieve new unprecedented levels, gold prices were always going to see a correction wave, as stock markets flourished amid an improved risk appetite. Meanwhile, oil prices fell on rising concerns about the COVID-19 pandemic and its effect on the demand recovery, despite the announcement of a new &hellip;<\/p>\n","protected":false},"author":10,"featured_media":32228,"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-32584","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\/32584","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=32584"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32584\/revisions"}],"predecessor-version":[{"id":32585,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32584\/revisions\/32585"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32228"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=32584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=32584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=32584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}