Economic news

The unemployment rate in the U.K. surprisingly dropped for the second month in February despite the fact that COVID-19 restrictions were implemented during that period. According to the Office of National Statistics, the drop in the unemployment rate was linked to a rise in the share of people who were out of the jobs market […]

The dollar hovered near a six-week low against its peers on Tuesday as the euro rallied amid an upbeat outlook for the region’s vaccination programme. The dollar had been losing traction as U.S. bond yields dropped below a 14-month high hit last month. The euro climbed to $1.2038 after hitting a six-week peak of $1.2048 […]

Oil prices climbed on Tuesday as a weaker dollar boosted commodities and on hopes that U.S. crude stockpiles dropped, but a surge in COVID-19 cases in Asia capped gains. U.S. West Texas Intermediate crude futures for May, which expires on Tuesday gained 0.8%, or 53 cents, at $63/91 per barrel. The more active June contract […]

Mexico’s economy plunged yet again, marking another month of decline as it dropped more than 2% in March. While there was a contraction, analysts were still optimistic for a rebound in the coming months as the coronavirus crisis subsides and the United States’ relief package kicks in. The economy recorded a 2.1% contraction in March […]

Asian share markets were seen upbeat on Tuesday, with Chinese shares leading the jump as they resisted Wall Street’s tech-driven decline. The dollar, on the other hand, remained weak against its major peers. MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.2% hike. The index’s upswing came after Chinese blue chips’ 0.13% gain […]

European stock futures lowered on the week’s trade opening ahead of the European central bank meeting. Germany’s DAX futures dipped 0.3%, CAC 40 futures in France fell 0.8%. The FTSE 100 futures in the U.K. were down 0.3%. In corporate news, CNH Industrial ended negotiations with Chinese company FAW Jiefang over the potential sale of […]

Lowering U.S. Treasury yields provided gold some boost to hover near its seven-week high, though remaining down on Monday trade in Asia. Gold futures lowered 0.12% to $1778. Moving inversely to gold is the dollar, which inched up on Thursday, but flirted near a one-month low. Together with the dollar, the benchmark U.S. 10-year Treasury […]

Oil prices fell on Monday as a surge in coronavirus cases in India and other countries prompted worries that stricter measures to curb the pandemic will impact economic activity, along with crude demand. Brent crude futures dropped 0.3%, or 23 cents, at $66.54 per barrel, following a 6% gain last week. U.S. oil lost 0.2%, […]

The dollar fell near a one-month low against major peers on Monday, with Treasury yields lingering near the weakest in five weeks, after the U.S. Federal Reserve reiterated that any spike in inflation will likely be temporary. The dollar was held down by risk sentiment as global stocks rallied to record highs. The dollar index […]

Japan saw its exports accelerating at their sharpest pace in more than three years in March. The expansion was mainly from an increase in China-bound shipments, indicating that the country’s recovery from last year’s sharp coronavirus drag continues to gain momentum. Exports recorded a 16.1% increase in March from a year ago, data from the […]