Economic news

The dollar index slid on Monday but was little changed from Friday’s close as investors awaited news on Donald Trump’s health and progress on coronavirus stimulus aid talks in Washington. On Friday, U.S. President Donald Trump said he tested positive for COVID-19, prompting a safe-haven bid and a stock market sell-off. The dollar index was […]

Oil prices gained over 2% on Monday, boosted by statements from Donald Trump’s doctors that the U.S. president may be discharged from hospital as early as Monday, just a few days after he announced that he contracted COVID-19. Trump’s health update lifted Brent nearly 2.1%, or 83 cents, to $40.10 per barrel. U.S. West Texas […]

European stocks gained on Monday, following upbeat global mood after positive updates on U.S. President Donald Trump’s health. The pan-European STOXX 600 index traded 0.6% higher, continuing last week’s near-2% gain. Sectors including travel and leisure, banks, and automakers also saw a climb. Oil and gas also saw a climb with major oil producers such […]

Stock markets eased earlier on Monday over news that President Donald Trump could be discharged from hospital later in the day. Trump was flown to hospital for treatment for the coronavirus on Friday, but his doctors say he has responded well and could return to the White House on Monday. The news boosted U.S. S&P […]

On Monday, Cineworld (CINE.L) stated that it would temporarily close all of its movie screens in the United States and the United Kingdom later this week. The world’s second-largest cinema chain said that almost 45,000 workers would be unemployed as the company strives to survive the coronavirus pandemic’s impact on the film industry. “We can […]

On Monday, Fonterra (FCG.NZFSF.NZ) reported that it finally agreed to sell its dairy farms located in China for a total of 555 Million NZD ($367.97 Million). It added that it would continue to focus on its domestic market and reduce debt. “For the last eighteen months, we have been reviewing every part of the business […]

A private business survey showed that activity in Japan’s services sector had recorded eight consecutive months of decline ended August. However, the drop came to be the mildest contraction since the coronavirus crisis started ravaging the economy, indicating that demand is gaining momentum. The final Jibun Bank Japan Services Purchasing Managers’ Index (PMI) advanced to […]

Global stock markets advanced on Monday backed by optimism that President Donald Trump’s health had recuperated, allowing him to be discharged from hospital later on Monday.  This had alleviated global shares from some of the political uncertainty that pressed during the previous session. In Asia, news about Trump’s improving health condition had sent S&P e-mini […]

A strike among offshore oil workers in Norway’s Johan Sverdrup oilfield threatened overall production with a total output of 330,000 barrels of oil equivalent per day (boepd) due to wage disputes, the Norwegian Oil and Gas Association (NOG) said on Friday. Norway’s labor union Lederne said on Wednesday that it would escalate the action from […]

Gold ended its retreat after President Donald Trump announced early Friday that he and First Lady Melania Trump had tested positive for COVID-19, roiling global assets and lifting the Dollar. Trump wrote on Twitter that he and the first lady would “begin our quarantine process,” just after one of his closest aides, Hope Hicks, had […]