Economic news


Gold Pulls Back after Biggest Weekly Rise since December

Gold Pulls Back after Biggest Weekly Rise since December

Gold futures contracts were under pressure Monday, easing back after posting their biggest weekly climb since December.


April 19, 2021
S&P 500, Dow Set to Ease from Record Levels
S&P 500, Dow Set to Ease from Record Levels

The S&P 500 and the Dow were set to slip from record levels on Monday as investors looked to the first-quarter earnings season for hints that...

Oil Edges Lower as Rising Infections Stir Demand Worries
Oil Edges Lower as Rising Infections Stir Demand Worries

Oil futures lost ground Monday, with weakness tied in part to concerns over the demand outlook as COVID-19 infections outside the U.S. continued to...

UiPath Boosts IPO Price Range, Aims for $28B Valuation
UiPath Boosts IPO Price Range, Aims for $28B Valuation

Automation tech startup UiPath on Monday boosted the price range for its initial public offering (IPO) in New York, and is now targeting a...

Sterling Rises Against Dollar at Start of Data-Heavy Week
Sterling Rises Against Dollar at Start of Data-Heavy Week

The pound rose to hit a two-week high against the dollar on Monday at the start of a data-heavy week that is expected to provide more evidence that...

Euro Zone Bond Yields Steady, Markets Brace for ECB Week
Euro Zone Bond Yields Steady, Markets Brace for ECB Week

Euro zone government bond yields were broadly steady on Monday, with markets largely on hold ahead of this week’s European Central Bank meeting.

European shares inch to record highs on recovery optimism
European shares inch to record highs on recovery optimism

European stocks inched higher on Monday, extending their record-setting rally, as optimism about a solid start to the earnings season offset a...

Air France-KLM Eyes Further Recapitalisation in 2021 - CEO
Air France-KLM Eyes Further Recapitalisation in 2021 - CEO

Air France-KLM may seek to raise more capital to reduce debt and bolster its balance sheet as travel demand recovers from the pandemic later this...

China, Russia Deepen Cooperation
China, Russia Deepen Cooperation

President Joe Biden faces a nightmare scenario of global consequence: stepped up Chinese-Russian strategic cooperation aimed at undermining U.S....

Dollar Pinned near One-Month Low, Bitcoin Steadies near $57k
Dollar Pinned near One-Month Low, Bitcoin Steadies near $57k

The dollar traded just above a one-month low against major peers on Monday, with Treasury yields near their lowest in five weeks, after the U.S....

Copper Rises as Global Recovery Hopes Fuel Sentiment
Copper Rises as Global Recovery Hopes Fuel Sentiment

Copper prices advanced on Monday as ramped-up vaccine rollouts and more countries easing lockdowns boosted hopes of a steady global economic...

Coinbase CEO Sold $291.8M in Shares on Opening Day
Coinbase CEO Sold $291.8M in Shares on Opening Day

Coinbase insiders and early investors sold about $5 billion in shares in total during the leading cryptocurrency exchange’s first day of...

GBP Up, NZD Down;  Canada Budget, UK Employment (tomorrow)
GBP Up, NZD Down; Canada Budget, UK Employment (tomorrow)

GBP bounced back on Friday. GBP’s movements once again seem to be the counterpart to EUR – that is, people buying or selling EUR are...

Covid Will Leave Deep Scars in World Economy
Covid Will Leave Deep Scars in World Economy

Just as some patients recovering from Covid-19 suffer long-lasting symptoms, it’s becoming clear that the same will be true for the global...

AUD, NZD Hit by Weakness in Oil, Commodities
AUD, NZD Hit by Weakness in Oil, Commodities

The Australian and New Zealand dollars started the week slightly lower on Monday, tracking losses in oil and copper as COVID-19 infections rise...

USD Hovers near One-Month Low amid Subdued U.S. Debt Yields
USD Hovers near One-Month Low amid Subdued U.S. Debt Yields

The dollar was pinned near a one-month low to major peers on Monday, with Treasury yields hovering near the lowest in five weeks, after the U.S....

Dow Climbs to Record, Posts 4th Straight Week of Gains
Dow Climbs to Record, Posts 4th Straight Week of Gains

U.S. stocks rose again on Friday as the market’s rally to records carried on amid strong earnings from blue-chip companies as well as solid...

Fears over Inflationary Pressure on Earnings to Test Stocks
Fears over Inflationary Pressure on Earnings to Test Stocks

Earnings will be the major focus for investors in the week ahead, as they home in on whether rising costs are squeezing margins and signaling a...

Japan Stocks Edge Higher on Semiconductor Gains
Japan Stocks Edge Higher on Semiconductor Gains

Japanese stocks edged higher on Monday as some investors hoped to benefit from an expected increase in semiconductor production, but worries about...

Asian Shares near 1-1/2 Week Highs, Bitcoin Recoups Losses
Asian Shares near 1-1/2 Week Highs, Bitcoin Recoups Losses

Asian shares hovered near 1-1/2 week highs on Monday helped by expectations monetary policy will remain accommodative the world over, while...

April 16, 2021
S&P 500, Dow Hit Record Highs on Bank Earnings Boost
S&P 500, Dow Hit Record Highs on Bank Earnings Boost

The S&P 500 and the Dow hit record highs on Friday after Morgan Stanley wrapped up quarterly earnings reports from the big U.S. banks with a...

Russian Rouble Claws Back Ground Lost after U.S. Sanctions
Russian Rouble Claws Back Ground Lost after U.S. Sanctions

The rouble strengthened past 76 versus the dollar on Friday, clawing back losses sustained in the previous session when the United States announced...

Gold Prices Rise, Head for Best Weekly Gain in a Month
Gold Prices Rise, Head for Best Weekly Gain in a Month

Gold futures headed higher Friday morning for a second straight day, putting bullion on track for the sharpest weekly rise in about a month.

Copper Heads for Biggest Weekly Gain Since February
Copper Heads for Biggest Weekly Gain Since February

Copper was on track for its biggest weekly rise in two months on Friday after solid U.S. and Chinese economic data pushed global stock markets to...

Oil Mixed Even as Data Points to Strong Rebound for Demand
Oil Mixed Even as Data Points to Strong Rebound for Demand

Oil futures were trying for a fifth straight gain Friday but were presently seeing lackluster trade as investors weighed a strong economic report...

Commodity Currencies Up on Good Data; ECOFIN Meeting
Commodity Currencies Up on Good Data; ECOFIN Meeting

Rates as of 05:00 GMT Market Recap Not much worth writing about in the FX market today! Very small movements except in AUD and NZD. It seems that...

Recovery Rises as U.S. Retail Sales Up, Jobless Claims Ease
Recovery Rises as U.S. Retail Sales Up, Jobless Claims Ease

The U.S. economy’s comeback is firing on all cylinders with employment, retail spending and manufacturing exhibiting strong gains....

Euro Zone Yields Rise as U.S. Treasury Yields Jump Back
Euro Zone Yields Rise as U.S. Treasury Yields Jump Back

Euro zone bond yields rose on Friday, following an overnight jump in U.S. Treasury yields after a hefty rally a day earlier.

European Stocks Notch Highs, Daimler Earnings Lift Carmakers
European Stocks Notch Highs, Daimler Earnings Lift Carmakers

European stocks hit a record high on Friday after strong U.S. and China data spurred optimism about a speedy global recovery, while strong results...

World Stocks at Record High, Oil Up on Strong Data
World Stocks at Record High, Oil Up on Strong Data

Global stocks hit a record high on Friday and oil climbed after strong U.S. and Chinese economic data bolstered expectations of a solid global...

EU Carbon Market Emissions Fell 13.3% in 2020 –EU Commission
EU Carbon Market Emissions Fell 13.3% in 2020 –EU Commission

Greenhouse gas emissions regulated under Europe's carbon market fell by 13.3% last year, with those from the airlines sector down by almost...

Orsted Makes $631M Onshore Wind Acquisition in Ireland
Orsted Makes $631M Onshore Wind Acquisition in Ireland

Renewable energy group Orsted has agreed to buy Brookfield Renewable’s Ireland and UK onshore wind business, its first step into...

FTSE 100 above 7K for First Time since Pandemic-led Crash
FTSE 100 above 7K for First Time since Pandemic-led Crash

London’s FTSE 100 rose above the 7,000-mark on Friday for the first time since the pandemic pummelled financial markets last year, as speedy...

Japanese Shares End Higher on Chip Stocks Boost
Japanese Shares End Higher on Chip Stocks Boost

Japanese shares closed slightly higher on Friday as heavyweight chip shares rallied, although concerns around corporate outlook capped the gains.

Oil Climbs to Four-Week High on Strong China Data
Oil Climbs to Four-Week High on Strong China Data

Oil prices extended gains on Friday and were on course for a weekly gain of about 7% with an improved oil demand outlook and strong economic...

Turkish C.Bank Bans Use of Crypto Assets Due to Great Risks
Turkish C.Bank Bans Use of Crypto Assets Due to Great Risks

Turkey’s central bank said on Friday that it banned the use of crypto assets in payments as they entailed significant risks due to volatile...

Japan's Topix Slips as Worries about Corporate Outlook
Japan's Topix Slips as Worries about Corporate Outlook

Japan’s Topix edged lower on Friday as gains in heavyweight chip stocks were capped by investor concerns about Japanese corporate outlook...

U.S. EXIM Bank Extends COVID-19 Relief Measures for a Year
U.S. EXIM Bank Extends COVID-19 Relief Measures for a Year

The Export-Import Bank of the United States said on Thursday its board of directors had approved a year-long extension of its COVID-19 temporary...

April 15, 2021
Gold Prices Eye Biggest Daily Gain of Month
Gold Prices Eye Biggest Daily Gain of Month

Gold futures climbed Thursday, with prices poised to log their biggest daily gain since March as benchmark U.S. bond yields pull back and rising...

Oil Holds Ground at Highest in Month after 3-Session Climb
Oil Holds Ground at Highest in Month after 3-Session Climb

Oil futures inched higher on Thursday, on track to score a fourth climb in a row, with prices holding ground at their highest levels since mid...

U.S. Manufacturing Output Rebounds in March
U.S. Manufacturing Output Rebounds in March

Production at U.S. factories rebounded in March amid strengthening domestic demand, with output of motor vehicles rising despite a global...

Dell Shares Rise on Plans to Spin off VMware Unit
Dell Shares Rise on Plans to Spin off VMware Unit

Shares of Dell rose nearly 8% in premarket on Thursday, a day after the PC maker said it would spin off its majority stake in cloud computing...

UK Insolvencies Rise, but still Below Pre-Pandemic Level
UK Insolvencies Rise, but still Below Pre-Pandemic Level

More businesses and individuals across Britain were declared insolvent last month than earlier in 2021 though levels remained mostly below those of...


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