Economic news

The dollar slid, while commodity currencies rose on Monday as investors were relieved by the delayed U.S.-China trade deal review, leaving the current deal intact. The dollar index stood at 92.987, trading in a range after falling to a two-year low in July. The risk currency Australian dollar rose to a one-week high of $0.7196. […]

Oil prices gained on Monday after news that China is planning to ship large volumes of U.S. crude in August and September. The news outweighed concerns over a demand slowdown due to the pandemic and a surge in supply. Brent crude rose 0.7%, or 32 cents, at $45.12 per barrel. U.S West Texas Intermediate crude […]

Gold prices rose earlier on Monday in Asia as underwhelming data dimmed outlook for a swift economic recovery from the COVID-19 pandemic. Gold futures gained 0.04% to $1,950.60 at 11:33 PM ET (04:33 AM GMT) after a U.S. retail earnings report last week showed a 1.2% growth month-on-month. However, gains for the yellow metal remained […]

Data from U.S. stock index futures signaled that Wall Street was on track to make moderate gains for Monday just days ahead of a critical retail earnings report as well as housing data. As the second-quarter earnings season is about to come to an end, many await results from major retailers such as Walmart Inc, […]

Walmart Inc. (WMT.N) reported on Monday that its margins and online sales would improve in the second quarter as the largest U.S. retail company received government stimulus checks from American shoppers. Most customers purchased higher-priced products such as sneakers and toys along with daily essentials. “Unlike other retailers, we believe Walmart took most of the […]

American multinational pizza restaurant chain Domino’s Pizza Inc. (DPZ.N) and its franchisees announced on Monday that it would hire more than 20,000 workers in the United States including couriers and pizza makers. The majority of restaurant chains in the United States, including McDonald’s Corp (MCD.N), Chipotle Mexican Grill Inc. (CMG.N), and Dunkin Brands Group Inc. […]

The second quarter had seen Thailand’s economy recording its sharpest downturn in 22 years. This also came to be the economy’s largest quarterly drop as the coronavirus crisis and virus-related measures dragged tourism, exports, and domestic activity, projecting a dampened outlook. Southeast Asia’s second-largest economy declined 12.2% in the second quarter from a year ago. […]

Asian shares climbed on Monday, placing near their recent highs as Chinese markets advanced. Meanwhile, investors waited if a sell-off in longer-dated U.S. Treasuries would expand and relieve the struggling dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 0.5% to 565.74. The index closed its session near its 574.52 record seen in January. […]

The number of unemployment claims in the U.S. fell to 963,000 last week, making it the lowest in a week since March as virus-led lockdowns continue to slow the pace of the country’s economic recovery. However, the figures showed signs of recovery in the labor market, even as worries that progress has been stalled due […]

Earlier on Friday, gold prices traded lower earlier in Asia amid emerging signs that the U.S. economy was on track for a recovery. A rebounding U.S. Dollar also put the pressure on the yellow metal, though losses in gold were limited over the suspension of talks for a stimulus deal in U.S. Congress. Gold futures […]