Economic news

Asian share markets and U.S. Treasury yields recorded weak sessions on Thursday. The series of declines followed after investors’ sentiment was dragged by a ruckus in U.S. stimulus talks and an upsurge of fresh COVID-19 infections across the world. MSCI’s broadest index of Asia-Pacific shares outside Japan had seen a 0.63% loss. Australian shares plunged […]

The Federal Reserve’s latest scheme of keeping ultra-low interest rates and increasing tolerance for inflation were put under intensive pressure after the United States’ economy recovered well beyond expectations. The economy of the United States had recorded a “slight to modest” rebound. This followed after consumers bought properties and returned to their spending practices, a […]

China’s fiscal revenues grew 4.7% in the third quarter year-on-year, reversing its 7.4% loss from the previous quarter as the country continued to recover at a quicker pace from the COVID-19 pandemic, the finance ministry said on Wednesday. China’s economy from July to September grew 4.9% year-on-year, still under expectations. However, its pace was faster […]

European shares saw losses for its third consecutive session on Wednesday, as weakening stocks from healthcare and construction sectors outweighed a strong earnings report from Nestle and Ericsson. The pan-European STOXX 600 fell by 1.0%, still remaining 16% shy of its all-time high as it continued to struggle out of its trading range since June. […]

The dollar fell to a one-month low on Wednesday as optimistic investors about a U.S. stimulus before the election turned to risk currencies. The yuan surged to a two-year high on China’s strong economic recovery. U.S. President Donald Trump said that he was willing to accept a big stimulus deal despite opposition from Republicans. That […]

Oil prices dropped on Wednesday as a sudden rise in U.S. crude stocks added to fears about a global supply glut. Demand worries were also reignited by a surge in global coronavirus cases and a production rise in Libya. Brent crude futures for December contract fell 0.5%, or 22 cents, at $42.94 per barrel. U.S. […]

On Tuesday, Netflix Inc. (NFLX.O) posted its weakest subscriber count in four years. The American technology and media services provider said that the number of Netflix’s subscribers went down because travel restrictions eased and live sports returned to television. It also added that streaming competition increased amid the coronavirus outbreak. The firm stated that there […]

On Wednesday, Tesla Inc. (TSLA.O) posted its third-quarter results for 2020. According to market analysts, they’re interested in knowing whether Tesla’s Chief Executive Officer Elon Musk could achieve his ambitious year-end goal. The American electric vehicle and clean energy company announced that it would continue delivering half a million vehicles this year despite a global […]

Shares of Snap Inc SNAP.N recorded a 23% gain on Tuesday. This followed after the company’s user growth and revenue surpassed expectations, with more people subscribing to Snapchat amid the coronavirus crisis. The company’s daily active users (DAUs), a metric that gauges user engagement and traction on a regular basis, advanced 18% year-on-year to 249 […]

Asian share markets and U.S. stock futures advanced on Wednesday. This followed after U.S. stimulus talks bolstered market sentiment, prompting investors to resort to equities and withdraw from government debt. MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.56% gain. Australian shares hiked 0.1%, while Chinese shares jumped 0.07%. Shares in Tokyo gained […]