Economic news

Oil prices rose on Tuesday as data showed China’s consumer import growth rose and on Middle East tensions after the Yemen-based Houthi movement said it fired missiles on Saudi oil sites. Brent crude futures climbed 0.5%, or 31 cents, at $63.59 per barrel. U.S. West Intermediate crude oil futures rose 0.5%, or 28 cents, at […]

Britain’s economy is expected to return to its pre-coronavirus level around the first half of next year. Economists surveyed by Reuters also predicted that the country’s unemployment rate would see a 6.2% hike as the pandemic job support scheme ends this year.  In 2020, the economy reached its historic low in more than three centuries. […]

Asian share markets traded cautiously on Tuesday. This followed after U.S. financial markets fluctuated as investors anticipated the start of corporate earnings season and the release of key inflation figures. MSCI’s broadest index of Asia-Pacific shares performed less than 0.1% during its early trade. Australia’s S&P/ASX 200 advanced 10 points. While the country’s major miners […]

European stock markets were down on Monday as a result of cautious trading in view of the start of the U.S. earnings season and discouraging important economic data. Germany’s DAX futures contract was down 0.4%. The FTSE 100 futures contract in the U.K. dropped 0.5%. The CAC 40 futures contract in France inched down 1.2%. […]

The firming dollar and the surging U.S. Treasury yields caused the gold to go down on Monday trade in Asia. Gold futures lowered 0.38% at $1738.25. Encouraging U.S. data released on Friday resulted in a big risk appetite among investors, turning away from the yellow metal. The producer price index for the month of March […]

Improved global demand and a good base effect are likely to have kept Chinese exports buoyant in March, while higher oil prices will have lifted its imports, according to an analyst poll.  Chinese trade surplus is expected to be at $52.05 billion in March, following a surplus of $103.25 billion in the first two months […]

The dollar hovered near 2 ½-week lows against major currencies on Monday as a drop in Treasury yields restrained the greenback.  Both the dollar and bond yields took a breather after rallying to multi-month peaks last month, supported by bets that a fast U.S. pandemic recovery will boost inflation faster than Fed policymakers expect. The […]

Japan saw an increase in its wholesale prices, marking the first annualized jump in more than a year in March. Data released on Monday indicated that upbeat commodities reduced corporate margins, underscoring some inflationary pressures in the world’s third-largest economy. The corporate goods price index (CGPI) recorded a 1.0% jump in March from a year […]

Asian share markets were seen downbeat on Monday as investors waited if corporate earnings in the United States would come parallel with sky-high valuations. Meanwhile, strong U.S. inflation and retail sales might affect bonds’ performance this week. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.6% lower. Japan’s benchmark index Nikkei plunged 0.5%, while […]

The dollar was on course for its worst week of the year on Friday as unexpectedly strong European economic data, downbeat U.S. employment figures, and an accommodative Federal Reserve urged traders to unwind dollar bets. The euro and the yen were set to gain their largest weekly percentage rise in five months. The dollar index […]