Economic news

Asian share markets placed near a 1-1/2 year peak on Monday, with investors’ sentiment greatly fueled by expectations that monetary policies across the globe will remain accommodative. More so, vaccine rollouts partly mitigated coronavirus-driven fears.   MSCI’s broadest index of Asia-Pacific shares outside Japan was last seen at 695.59, placing just below its 696.48 record […]

Car sales in Europe spiked in March, thriving despite virus constraints and making up for a dismal sales record last year. According to the European Automobile Manufacturers’ Association, new car registrations increased 63% for the month of March, erasing the early-year fall to leave sales up 0.9% for the quarter. ACEA furthered that March tends […]

Stronger-than-expected U.S. economic output capped gains of gold on Friday trade in Asia, with Treasury yields gaining from the positive data. Gold futures rose 0.19% to $1,763.45. The US dollar index futures surged on Friday, as it moves inversely to gold. Gold was poised to record its second consecutive weekly gain and end the week […]

The dollar index was little changed on Thursday as traders balanced bullish data showing U.S. retail sales gained the most in 10 months in March, while U.S. Treasury yields continued their drop. Retail sales rose 9.8% last month, higher than analysts’ expectations for a 5.9% increase. However, the dollar’s strength slid as Treasury yields fell […]

Oil prices rose to new four-week highs on Thursday on upbeat U.S. economic data and higher demand forecasts as countries begin to recover from the COVID-19 pandemic. Brent futures climbed 0.5%, or 36 cents, at $66.94 per barrel on Thursday after gaining nearly 5% on Wednesday. U.S. West Texas Intermediate crude gained 0.5%, or 31 […]

Retail sales in the United States marked their sharpest level of growth in March. The reading, which came as the strongest in ten months, followed after Americans received additional pandemic relief checks from the government. Expedited coronavirus rollouts also supported the jump, increasing expectations for a well-established economic rebound. Data from the Commerce Department showed […]

Global share markets placed below their historic peaks on Friday. This followed after economic figures from the United States and China boosted investors’ optimism for a brisk economic rebound. Financial markets in Asia performed steadily after China released its first-quarter gross domestic product. While the country’s reading failed to breach expectations, its retail sales still […]

In an effort to sustain its economic recovery from the pandemic amid resurging coronavirus cases, the Bank of Korea maintained its current record-low interest rate. The Bank of Korea held on to its 0.5% seven-day repurchase rate on Thursday, a move that was anticipated by many analysts. South Korea’s economic outlook as of now remains […]

Positive corporate earnings ruled in the markets on Thursday, pushing European stocks higher. Germany’s DAX inched up 0.4%. The FTSE 100 in the UK and the CAC 40 in France improved 0.4% and 0.2%, respectively. European stocks were riding on the surging global shares in recent weeks brought about by the hopes that successful vaccination […]

The dollar dropped to a new four-week low against major peers on Thursday as Treasury yields fell back from last month’s surge. Investors are becoming increasingly convinced that the U.S. Federal Reserve will keep interest rates low for some time.  The dollar index fell to 91.559 in Asian trade, its lowest since March 18. It […]