Economic news

July had seen a decline in Japanese exports, tallying a double-digit drop for five consecutive months already as the virus crisis ravaged auto shipments to the United States. This dampened hopes for a trade-driven economic recuperation as the country suffers from recession. Core machinery orders surprisingly dropped, hitting a seven-year low in June. Meanwhile, total […]

Asian share markets had reached a seven-month high on Wednesday. The record came after the S&P 500 tallied consistent all-time highs fuelled by policy stimulus to relieve economies from the impact of the coronavirus crisis. MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.3% gain. The index advanced for three consecutive days to […]

Gold prices soared above 2% on Monday, briefly taking back its record $2,000 mark in almost a week as a renewed drop in the U.S. Treasury Yield had investors flocking to the safe-haven yellow metal. December gold futures on Comex closed the day gaining a record 2.5% ($48.90) to $1,998.70 per ounce after it reached […]

Nasdaq last traded at a record high while the S&P 500 closed just four points shy of an all-time high as tech stocks started the day on a strong note. The S&P 500 index ended the day 0.3% higher, while the NASDAQ Composite was up by 1%. However, the Dow Jones Industrial Average fell by […]

Home Depot Inc. (HD.N) reported that it managed to beat its second-quarter sales estimates on Tuesday. The largest home improvement retailer in the United States said that most customers purchased more construction tools and other home improvement products to do minor repair jobs while stuck at home due to the coronavirus pandemic. According to Institutional […]

On Monday, U.S. President Donald Trump announced that he had rejected a Pentagon proposal to cut funding for healthcare among U.S. military members by $2.2 billion. “A proposal by Pentagon officials to slash Military Healthcare by $2.2 billion dollars has been firmly and totally rejected by me. We will do nothing to hurt our great […]

The dollar index fell for the fifth straight day on Tuesday, nearing its lowest level in two years as it fell under pressure from low yields and gloomy U.S. economic data. The dollar index lost 0.3% to 92.55, nearing a two-year low of 92.49.  A rally in tech stocks suppressed the safe-haven bid for the […]

Oil prices slid on Tuesday but mostly kept overnight gains after OPEC+ said that producers are nearly fully complying with the agreed output cuts amid a collapse in fuel demand. Brent crude fell 0.5%, or 22 cents, at $45.15 per barrel. U.S. crude lost 0.5%, or 23 cents, at $42.66 per barrel.  OPEC+ producers’ compliance […]

Wall Street’s tech-boosted performance was dampened by Sino-U.S. tensions, sending Asian shares up on Tuesday. Meanwhile, the dollar was seen lagging behind almost all of its peers. MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.19% gain, placing close to its pre-virus level and record high seen in January. Japan’s benchmark index Nikkei […]

Taiwan’s export orders likely advanced in July, tallying five months of consecutive gains, a Reuters survey showed.  The upbeat record could be attributed to strong demand for technology products as people were prompted to stay at home during the coronavirus pandemic. Thirteen economists forecast that the country’s export orders will advance 3.7% from a year […]