Economic news

Economists and investors highly expect the European Central Bank to keep its emergency bond-buying current level despite a zooming economic recovery underway. HSBC Holdings Plc, UBS Group AG, and ABN Amro Bank NV are among the financial institutions that expect the Governing Council to extend its current stimulus settings on June 10. Economists surveyed before […]

The safe-haven gold dipped on Friday trade in Asia as the dollar and U.S. yields rose, pressuring gold. This as investors await crucial U.S. inflation data to be released later in the day. Gold futures lowered 0.08% to $1,894.10 by 11:52 PM ET. It came from breaching the $1,900 mark during the previous session. The […]

The success in COVID-19 vaccine drive in the United States has propelled fuel demand ahead of the summer driving season that will see commencement in the weekend. Authorities American Petroleum Institute and the U.S. Energy Information Administration disclosed draws in the U.S. crude oil supplies within the earlier chapters of the week. In line with […]

In an interview regarding the rate of joblessness in Japan, Tom Learmouth, an economist at Capital Economics was quoted saying: “Job offers may have dipped again in May due to the third round of emergency declarations. That may further hold back the recovery in employment,” He then adds, “But further ahead we still expect both […]

Salesforce.com Inc had set a higher outlook for its year-on-year revenue and profit. It also reported better-than-expected quarterly revenue after a pandemic-driven shift to remote work boosted demand for the company’s cloud-based software. Salesforce placed its annual revenue forecast between $25.90 billion and $26.00 billion. As for its profit, it expects a year-on-year profit between […]

Asian shares’ upbeat performance boosted global equities, marking their seventh day of rally on Friday. Investors’ enthusiasm was mainly from hopes that the United States will push the world out of the coronavirus crisis as the country plans to render a multi-trillion dollar stimulus package. MSCI’s broadest index of Asia-Pacific shares outside Japan hiked 0.3% […]

Thursday saw European shares inching higher as investors waited patiently for key U.S. labour data. Meanwhile, German shares fell after Bayer shares were hit by a court decision. On the trading day, the pan-European STOXX 600 index climbed 0.1% to 445.76 points, just beneath what Tuesday’s record high of 447.15. Among the notable performers, Airbus […]

On Thursday, world stocks were pinned down while investors patiently waited for data coming from the United States that would hopefully explain inflation. Alongside this, more pressure are seen all over as the scaling back of central banks’ giant stimulus packages are in the cards. European entities are caught in a losing trend with the […]

Cryptocurrencies dipped on Thursday as their bounce momentum decelerated. However, the digital coins did not touch recent lows as investors’ outlook toward the digital assets remained positive, and that they are still capable of bouncing back from the previous week’s decline. Bitcoin lost 4% in Asia to about $37,600. Ether, the second-largest crypto, declined 7.5% […]

Gold fell on Thursday trade in Asia, coming from its highest level in four months in the previous trade session as investors await key U.S. economic data due later in the day. Gold futures slipped 0.04% to $1,900.50 by 1:35 AM ET. The greenback, which usually moves inversely to gold, gained on Thursday and the […]