Economic news


Asian Shares Mixed, Yet at Rising Path on China Virus Risks

Asian Shares Mixed, Yet at Rising Path on China Virus Risks

Asian stocks recouped ground on Wednesday as China's reaction to a virus flare-up tempered a few fears of a worldwide pandemic, in spite of the fact Shanghai stocks at first slipped in the midst of stresses over a hit to residential interest and the travel industry.


January 22, 2020
European Indexes Recover, German Stocks Touch Record High
European Indexes Recover, German Stocks Touch Record High

European stocks recovered on Wednesday as China's efforts to contain the outbreak of new pneumonia virus eased concerns over a global epidemic,...

Oil Rates Ease Amid Market Surplus Fears
Oil Rates Ease Amid Market Surplus Fears

Oil prices fell on Wednesday after the International Energy Agency (IEA) foresaw an oversupply in the first half of the year, helping thus to...

JGBs Almost Flat Amid China Virus Concerns
JGBs Almost Flat Amid China Virus Concerns

Japanese government bond (JGB) costs were minimal changed on Wednesday as traders were evaluating the advancements encompassing the flare-up of...

Global Worries Over Coronavirus Drag Wall St. Stocks Down
Global Worries Over Coronavirus Drag Wall St. Stocks Down

Wall Street stock markets closed deeply down on Tuesday after the Centers for Disease Control and Prevention confirmed the first case of new virus,...

Yuan, Aussie Battle to Clear Off Coronavirus Worries
Yuan, Aussie Battle to Clear Off Coronavirus Worries

The yuan plunged and the Aussie touched a six-week low on Wednesday as traders dreaded the flare-up of another coronavirus in China could make more...

European Stocks Drop on Chinese Virus Creeps
European Stocks Drop on Chinese Virus Creeps

European stocks plunged on Tuesday amid worries over another coronavirus flare-up starting in China, albeit positive news on business morale and...

January 21, 2020
Wall Street Opens Lower on China Virus Outbreak
Wall Street Opens Lower on China Virus Outbreak

U.S. stock markets started session lower on Tuesday, as worries over the blow from a new pheumonia virus outbreak in China and a dismal growth...

Gold Prices Retreat; Virus Outbreak Caps a Deeper Decline
Gold Prices Retreat; Virus Outbreak Caps a Deeper Decline

The gold prices retreated on Tuesday from a two-week peak on the back of the dollar stabilization, but continued to stand above $1,500 per troy...

Unemployment Rate in UK Steady at 3.8%; Pound Gains
Unemployment Rate in UK Steady at 3.8%; Pound Gains

The jobless rate in UK remained unchanged in November at 3.8 percent in the 3 months to October 2019, showing thus the lowest result since early...

Russia's Mechel Won't Repurchase Share in Elga Coal Mine
Russia's Mechel Won't Repurchase Share in Elga Coal Mine

Russian steel and coal maker Mechel has chosen not to repurchase a stake in its greatest resource, the Elga coal mineshaft in Russia's far...

German Govt Bond Yield Dip After Coronavirus Jitters
German Govt Bond Yield Dip After Coronavirus Jitters

Germany's 10-year government bond yield contacted one-week lows on Tuesday as stresses around another virus in China drove traders into an...

Facebook Will Hire 1,000 This Year to Boost UK Growth
Facebook Will Hire 1,000 This Year to Boost UK Growth

Over half of the new job positions will be in tech, including programming designing and data science, Facebook's VP for Europe, the Middle East...

JGBs Rise as China Virus Tension Grasps Markets
JGBs Rise as China Virus Tension Grasps Markets

Japanese government bond rates advanced on Tuesday, as risk-on mood soured on stresses that another virus strain in China that has immediately...

European Stock Markets Drop Amid Coronavirus Fears
European Stock Markets Drop Amid Coronavirus Fears

European stock markets started session on Tuesday in the red as growing concerns over the new pneumonia virus spread in China have increased demand...

BoJ Leaves Interest Rates Unchanged, Raises Growth Forecast
BoJ Leaves Interest Rates Unchanged, Raises Growth Forecast

The Bank of Japan kept interest rates at the same level on Tuesday and raised forecasts for economic growth amid easing fears of a global slowdown...

Oil Prices Dip on Back of Unrest in Libya
Oil Prices Dip on Back of Unrest in Libya

Political unrest in Iraq and Libya compel these countries to cut oil production - in Libya immediately by 800 thousand barrels per day, which...

Yen Gains, Yuan Drops as Shares Slip on China Virus
Yen Gains, Yuan Drops as Shares Slip on China Virus

The Japanese yen advanced and the yuan tumbled versus the greenback on Tuesday as the spread of a pneumonia-like virus in China started an abrupt...

European Stocks Dip as Busy Week Appears Dimly
European Stocks Dip as Busy Week Appears Dimly

European stocks withdrew from late tops on Monday as traders stopped before propelling into seven days stuffed with financial information and the...

Asia Stocks Skid as China Virus Dangers Escalate
Asia Stocks Skid as China Virus Dangers Escalate

Asian stocks slipped on Tuesday as emerging worries about another strain of coronavirus in China sent a wave of risk avoidance through business...

January 20, 2020
International Monetary Fund Cuts Growth Forecasts
International Monetary Fund Cuts Growth Forecasts

The IMF cut its global growth outlook for 2019, 2020 and 2021 in its World Economic Outlook, January 2020, citing unfavorable surprises to economic...

Gold Rate Rises as Demand for Safe Assets Increased
Gold Rate Rises as Demand for Safe Assets Increased

The gold prices reached more than a weekly high on Monday, as investors turned to safe assets amid continuing tensions in the Middle East and...

Wall Street Week Ahead: Tech Sector Reports in Focus
Wall Street Week Ahead: Tech Sector Reports in Focus

Investors will be focused this week on Netflix, Intel and Texas Instruments reports, which may shed light on the Q4 results season. At the same...

Subaru Plans to Sell Only Electric Cars by Mid-2030s
Subaru Plans to Sell Only Electric Cars by Mid-2030s

Japan's Subaru Corp set an objective on Monday to sell just electric cars worldwide by the primary portion of the 2030s, in an advance toward...

Euro Govt Bond Yields Generally Steady, Yet Italy Plunges
Euro Govt Bond Yields Generally Steady, Yet Italy Plunges

European government bond yields exchanged neutral on Monday in front of key monetary events the current week, for example, the World Economic Forum...

EM Shares, Currencies Unchanged, Key on Central Banks Talks
EM Shares, Currencies Unchanged, Key on Central Banks Talks

EM shares and monetary standards were unchanged on Monday as traders get ready for significant national bank gatherings later during the week,...

JGBs Weaker a Tad, Super-Long Yields at 2-Month Top
JGBs Weaker a Tad, Super-Long Yields at 2-Month Top

Rates of most Japanese government bonds (JGBs) dropped on Monday, with yields on long-dated bonds ascending to two-month peaks following a sell-off...

European Stocks Ease, Markets Await PMI Data and ECB Meeting
European Stocks Ease, Markets Await PMI Data and ECB Meeting

European indexes bounced back on Monday after hitting closing high in the previous session on Friday, as investors restrained trading volume before...

Oil Prices Moderately Rise After Libya Supplies Cessation
Oil Prices Moderately Rise After Libya Supplies Cessation

Oil prices grew on Monday amid supply worries after output was affected in Libya and Iraq. Recall, in Libya, two big oil wells started shutting...

U.S. Indexes Advance on Strong Housing Starts
U.S. Indexes Advance on Strong Housing Starts

Wall Street indexes grew on Friday posting news highs, supported by a batch of optimistic data on the U.S.-China trade relations and solid...

Greenback Steady on Solid U.S. Figures
Greenback Steady on Solid U.S. Figures

The greenback started the week on a firm note on Monday as monetary information highlighted to strength over the U.S. economy, while positive...

European Stocks Advance on Cross-Atlantic Trade Perky Mood
European Stocks Advance on Cross-Atlantic Trade Perky Mood

European stocks timed a record shutting peak on Friday after EU Trade Commissioner Phil Hogan sent out a positive vibe on converses with Washington...

Asia Stocks Gain, Oil Rates Hops on Libya Shutdown
Asia Stocks Gain, Oil Rates Hops on Libya Shutdown

Asian stocks approached a 20-month peak on Monday as Wall Street expanded its run of record peaks on strong U.S. financial numbers and lashes of...

January 17, 2020
U.S. Stocks Hit New Records on Strong Housing Starts
U.S. Stocks Hit New Records on Strong Housing Starts

Wall Street stocks started Friday’s trading with fresh highs, buoyed by a series of sure progress on the U.S.-China trade deal and solid...

Gold May Register Maximum Weekly Decline in 2 Months
Gold May Register Maximum Weekly Decline in 2 Months

The gold futures price rose on Friday, but could show a maximum weekly drop in about two months, as the encouraging economic data that came...

Schlumberger Shares Jump on Higher International Drilling
Schlumberger Shares Jump on Higher International Drilling

Schlumberger announced on Friday its quarterly earnings that modestly exceeded analysts expectations from $0.37 to $0.39 per share as drilling...

German Population at Top, Yet Growth Weakest Since 2012
German Population at Top, Yet Growth Weakest Since 2012

Germany's population arrived at an all-time peak of 83.2 million individuals a year ago thanks to relocation yet it developed at the weakest...

Sterling Headed for Gains Ahead of Retail Sales Numbers
Sterling Headed for Gains Ahead of Retail Sales Numbers

Sterling edged higher on Friday, headed for its first week after week gain in quite a while, as traders took a break from selling in seven days...

JGBs Bolstered by Shady Domestic Viewpoint
JGBs Bolstered by Shady Domestic Viewpoint

Japanese government bond rates discovered boost on Friday from recognizable feelings of trepidation that the economy will remain stuck in the...

Optimism Over EU-U.S. Relations Push European Stocks to Peak
Optimism Over EU-U.S. Relations Push European Stocks to Peak

European stock markets opened up on Friday after EU Trade Commissioner Phil Hogan struck an optimistic tone on talks with Washington, calming some...

Bank of Korea Leaves Rates Unchanged at 1.25%
Bank of Korea Leaves Rates Unchanged at 1.25%

The Central Bank of South Korea on Friday maintained its key interest rate, pointing to signs of a better trading situation and domestic economic...

China Q4 GDP Adds 6% Drifting Close to 30-Year Low
China Q4 GDP Adds 6% Drifting Close to 30-Year Low

China's economy gained 6.0 percent in the final quarter of 2019 from a year sooner, official information appeared on Friday, following desires...

Oil Prices Flat Amid Worries Over Chinese Demand
Oil Prices Flat Amid Worries Over Chinese Demand

Oil prices were flat on Friday, as reports of slack economic growth in China, the world's largest oil importer, have raised demand concerns,...


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