Economic news

The dollar firmed on Monday while risky currencies fell, as governments worldwide prepare for an economic re-start. Major currencies were range-bound but the New Zealand, Canadian, and Australian dollars all fell 0.3%. Asian equities and U.S. stock futures also eased. The Australian dollar traded at $0.6344, while the New Zealand dollar stood at $0.6013. As […]

Crude oil futures declined on Monday while U.S. futures fell to its lowest level since 1999. This was on top of concerns about global oil demand and the filling of strategic reserves in the United States. The oil volume held in U.S. storage rose as refiners slowed down production due to weak demand. The May […]

The British government will launch a 1.25 billion pound package ($1.6 billion) on Monday to support and protect innovative companies amid the virus outbreak. The package includes a 500-million pound investment fund for high-growth firms that were severely affected by the crisis and 750 million pounds for small and medium sized businesses that were focused […]

According to a Chinese agriculture official on Monday, the virus outbreak might cause an economic shock to the global food trade and cause another global food crisis. Commentaries were released as the virus outbreak affected the international agriculture supply chains and overturned trades. Other countries also reduced its supplies of grains and enhanced the buying […]

Japan’s March exports declined the most in four years as demand from China, Europe, and the U.S. fell at the fastest pace since 2011.      Monday’s gloomy data highlighted the pandemic-caused damages on global trade as many prepare for the third-largest economy to reach its biggest drop since the Great Depression.   Japan’s Ministry of […]

A safe trading session was monitored in Asian share markets on Monday. Investors’ sentiment level was supported by hopes that strong corporate earnings and economic data will minimize the disruptions brought by the pandemic. However, the U.S. crude sunk down to a 20-year low record. According to figures released by Japan, its exports had shed […]

Gold furthered losses on Monday morning in Asia despite decreased risk sentiment over the weekend Gold Futures fell by 0.42% to $1,691.70 per ounce at 9:46 PM ET (2:46 AM GMT). Asian stocks also fell before China’s release of the loan prime rate which is expected later in the day. Gold prices and the stock […]

Facebook Inc (FB.O) will introduce a newly-developed mobile gaming application on Monday. The application was designed to bring a live game streaming experience in an attempt to compete against Amazon.com Inc’s Twitch, Google’s Youtube, and Microsoft Corp’s Mixer services. “Investing in gaming, in general, has become a priority for us because we see gaming as […]

Oil prices rose in Asia on Friday after Russia and Saudi Arabia signaled additional output cuts in a joint statement. Russian Energy Minister Alexander Novak and his Saudi counterpart Prince Abdulaziz bin Salman both expressed willingness to further cut down oil production, adding to a previous record 10-million-barrel cut by OPEC+ in April.  The two […]

The dollar fell on Friday after news of a successful trial for a potential COVID-19 treatment bolstered market outlook and risk appetite. The U.S. Dollar Index fell from its week-long high by 0.25% to 99.862 at 11:34 PM ET (4:34 AM GMT). The Japanese Yen rose against the dollar by 0.22% to $107.71. Meanwhile, the […]