Economic news

Oil prices rose in early Asian trade on Friday, boosted by a weaker dollar as traders weighed a surge in supplies and the pandemic’s impact on fuel demand. Brent crude futures for June gained 0.1%, or 7 cents, at $63.27 per barrel, while U.S. West Texas Intermediate crude for May delivery climbed 0.3%, or 17 […]

Friday’s trade session saw mixed European stock markets as Germany posted mixed economic data and more signs of a global economic recovery. Dragging other assets down is the region’s slow inoculation programs. Germany’s DAX futures contract inched down 0.2%. On the winning side, the FTSE 100 futures contract in the U.K. and the CAC 40 […]

Germany, the largest economy in Europe, showed mixed economic data on Friday with its exports rising in February and its industrial output suffering from another decline as the pandemic drag goes on. The Federal Statistics Office’s data noted a 0.9% increase in seasonally adjusted exports on the month of February, following a 1.6% upwardly revised […]

Factory gate prices in China accelerated above expectations in March, tallying the sharpest pace of growth since July 2018. The expansion was indicative of the country’s sustained economic recovery from the coronavirus pandemic.  China’s producer price index recorded a 4.4% increase, the National Bureau of Statistics said. The annualized reading came larger than the 3.5% […]

Global share markets placed near their record peaks on Friday as receding inflation concerns in the United States fueled investors’ enthusiasm. This, in turn, heavily dragged bond yields and sent Wall Street to high grounds. MSCI’s broadest index of global stocks tallied a record peak during its early Asian session. Shares across Asia were seen […]

The dollar stood near more than two-week lows against its peers on Thursday after minutes from the Federal Reserve’s policy meeting showed no new signs of a shift in market direction. The dollar index fell to 92.371 in Asian trade after sliding to as low as 92.134 on Wednesday, its lowest since March 23. The […]

Oil prices dropped on Thursday after official data showed a large build in U.S. gasoline stocks, raising worries about crude demand falling in the United States when global supply is rising.  Brent crude fell 0.6%, or 36 cents, at $62.80 per barrel. U.S. oil dropped 0.6%, or 38 cents, at $59.39 per barrel.  U.S. crude […]

Toyota Motor Corp flashed its new Lexus and Mirai car models in Japan on Thursday. These cars are tooled with the automaker’s newest advanced driver assistance that facilitates wireless software updates and safe driving features. Toyota’s Advanced Drive, its latest driving assist technology is a level 2 autonomous system that enables drivers to effortlessly perform […]

Thursday’s trade session in Asia did not see gold luster as investors had a huge appetite for riskier assets. This as the Federal Reserve’s meeting showed sustained policy support which boosted hopes for the global economic recovery from the pandemic. Gold futures lost 0.9% at $1740.05. With the release of the Fed’s meeting minutes on […]

The S&P 500 and the Dow ended their sessions higher, while Treasury yields salvaged minimal losses. This came after the Federal Reserve’s policy meeting rendered a dovish outlook, with central bank members believing that the country’s economic recovery is still fragile despite signs of progress. The Dow Jones Industrial Average gained 0.05%, while the S&P […]