Economic news

On Friday, the Japanese yen recovered after investors’ focus shifted back to safe-haven currencies. This came after encouraging results from a coronavirus vaccine remain inadequate in alleviating the economic impact of a trying winter in the United States and Europe. Against the dollar, the yen advanced 0.2% in Asia. The jump came to be the […]

Wall Street had seen a dampened performance on Thursday. This could be attributed to an increase in coronavirus infections in the United States, with investors adjusting their confidence in line with the expected rollout of a vaccine. Unofficial records showed that all of Wall Street’s major indexes plunged. The Dow Jones dropped 1.08%, while the […]

Asian share markets recorded a subdued session on Friday. This followed after surging coronavirus cases triggered a series of selloffs in the United States and Europe, with investors fearing that the virus might bring in more economic ramification. MSCI’s broadest index of Asia-Pacific shares outside Japan was dragged by weak shares across the region, tallying […]

On Thursday, German engineering group Siemens SIEGn.DE announced that its industrial profit surpassed expectations. This came to be the final set of results overseen by long-standing Chief Executive Joe Kaeser before stepping down from his post. The software provider said it expected better market conditions in 2021 as the global economy made a cautious rebound […]

The struggling and virus-beaten economy of Britain had advanced 1.1% in September. The reading came slower than what was expected from a month ago, even before the latest restrictions on businesses were implemented, official data showed. The figure placed below the 1.5% monthly growth predicted by economists in a Reuters survey. Moreover, the country’s gross […]

Oil prices advanced during their morning session on Thursday. The jump heavily contributed to this week’s 12% growth as the world’s top producers plan to restrict supply mainly from the coronavirus’s impact on fuel demand. U.S. West Texas Intermediate crude futures recorded a 0.8% increase to $41.80 per barrel, while Brent crude futures advanced 0.7% […]

The dollar recorded an upbeat performance on Thursday. This was mainly from investors’ move of adjusting their expectations about a coronavirus vaccine. While the recent breakthrough capped the performance of risk assets, it maintained enough confidence to support the greenback against safe havens. The dollar index placed just below a one-week peak reached overnight. Against […]

September had seen Japan’s core machinery orders dropped for the first time in three months, with their momentum decelerating faster than what was expected. This brought in concerns that any pickup in business spending would not be effective in staging a brisk economic recovery. Core machinery orders recorded a 44% contraction in September. This followed […]

Technology shares greatly supported the Nasdaq, with the index closing its session higher than its previous record. Meanwhile, oil prices advanced further on Wednesday as vaccine-driven optimism was dampened by the possibility of lockdown reimplementation amid surging coronavirus infections. The Dow Jones Industrial Average had seen a 0.08% drop, while the S&P 500 fell 0.77%. […]

Asian stock markets were poised for another hefty rally on Thursday. This was expected as consistent global stimulus efforts and optimism brought by a coronavirus vaccine bolstered investors’ sentiment. Australian shares recorded a 0.29% jump during their early trade. Futures for Japan’s benchmark index Nikkei dropped, while Hong Kong’s Hang Seng index futures saw a […]