Economic news

Asian share markets recorded an upbeat performance on Monday. The jump followed after China shares tallied a three-week high record, with positive economic signs fuelling investors’ sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.3% to reach its strongest level since March 18. The index continued its upswing after performing strongly for two […]

The dollar fell in Asian trade on Monday, stuck in a narrow trading range as traders await a U.S. Federal Reserve meeting next week. The dollar index fell 0.17% to 91.170. Against the Japanese yen, the dollar fell 0.06% to 107.90. The Chinese yuan gained 0.07% to 6.4958, while the pound was up 0.19% to […]

Oil prices climbed on Friday in hopes of a U.S. and European fuel demand recovery on easing lockdowns and faster economic growth. However, worries about India’s worsening second COVID-19 wave capped gains.  Brent crude futures gained 0.3%, or 21 cents, at $65.61 per barrel, following an 8-cent rise on Thursday. U.S. West Texas Intermediate crude […]

Retail sales in Britain soared in March as consumers prepared for a partial lifting of virus-related restrictions, based on the official data which also reflected record peacetime government borrowing. A 5.4% increase in sales volume in March from February was reflected in the official data released by the Office for National Statistics. Clothing stores led […]

Gold was all set to post a third straight weekly gain as the dollar and the U.S. Treasury yields groped for form on Friday’s trade. Gold futures gained 0.17% to $1,785.05. As investors heard the news that President Joe Biden could almost double the tax on capital gains to 39.6% for those earning more than […]

The global economy is expected to emerge from the coronavirus drag this year, accelerating at a pace last seen in the 1970s as most major economies stage a strong rebound. After the global economy suffered from its sharpest recession, analysts predicted that it will expand 5.9% this year. The forecast came larger than the 5.3% […]

Japan’s factory activity saw an expansion in April, growing at the fastest pace in more than three years. This came even after the possible reimplementation of coronavirus measures dampened the outlook for the world’s third-largest economy. The au Jibun Bank Flash Japan Manufacturing Purchasing Managers’ Index was seen at 53.3 in April. The seasonally adjusted […]

Hyundai Motor Co, a South Korean automaker, announced on Thursday its net profit skyrocketed 187% to its highest in four years after the demand for its high-margin sports-utility vehicles and premium Genesis cars surged. However, a threat to hamper the automaker’s growth peak rises as a global shortage of semiconductors looms. Hyundai is part of […]

European stocks were upbeat on Thursday’s trade as Wall Street rallied during its previous session. Further gains were capped, however, as the European Central Bank meeting is approaching. Germany’s DAX futures contract was up 0.3%. CAC 40 futures in France added 0.65. The FTSE 100 futures contract in the U.K. climbed 0.5%. In Wall Street, […]

The dollar fell near multi-week lows against peers on Thursday as fading gains in U.S. Treasury yields lowered the dollar’s advantage Sentiment for the dollar fell as Treasury yields plunged. The dollar slid slightly to 107.93 per yen, near a seven-week low. The euro traded at $1.2033, not far from the highest level hit since […]