Economic news

Asian share markets recorded a choppy trading session on Thursday. The subdued performance seen across the region followed after the Federal Reserve decided to keep its ultra-loose policy rates, greatly supporting stock futures in the United States. MSCI’s broadest index of Asia-Pacific shares outside Japan was inactive. The index made minimal movements for the week, […]

European stock markets produced positive results on Wednesday’s trade session as the global economic recovery hopes glimmered. The European region is now seen to take charge over the third wave of coronavirus cases. Germany’s DAX futures contract gained 0.1%. CAC futures contract in France and the FTSE 100 futures contract in the U.K. improved 0.1 […]

Wednesday’s trade session in Asia saw gold prices plunge as encouraging data boosted optimism for a faster global economic recovery from the pandemic. Gold futures lost 0.20% to $1,739.45 despite US Treasury yields setback and the greenback falling to a two-week low. JOLTs job openings in the U.S. reported a two-year high of 7.367 million […]

The dollar eased to a two-week low against its peers on Wednesday after U.S. bond yields dropped as traders took back hopes that the U.S. Federal Reserve will tighten its policy earlier than planned.  The dollar index dropped to a two-week low of 92.246, sliding further from a five-month high of 93.439 hit on March […]

Oil prices rose on Wednesday on prospects for stronger global economic recovery amid speedy vaccine rollouts and news that U.S. crude inventories dropped. Brent crude futures for June delivery climbed by 0.5%, or 34 cents, at $63.08 per barrel. U.S. West Texas Intermediate crude for May contract gained 0.5%, or 32 cents, at $59.65 per […]

Job vacancies in the United States reached a two-year high in February while hiring accelerated as expedited coronavirus vaccine rollouts boosted domestic demand. More so, the country’s massive stimulus package heavily supported companies’ needs for more employees. Job openings, which gauge labor demand, jumped 268,000 to 7.4 million on the last day of February. The […]

An index of Asian shares tallied a three-week peak on Wednesday as investors eyed the upcoming earnings season for additional signs of a global economic rebound. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.3%, marking its second consecutive day of gains. Japan’s benchmark Nikkei traded higher, while Australian shares recorded a 0.6% increase. […]

London-based energy firm BP reported on Tuesday it expects to have reached its $35 billion net debt target in the first three months of this year earlier than set and make way to fulfill its pledge of shares buyback. The news pushed BP shares to increase up to 3% to 299 pence in early trade. […]

As efforts for fiscal stimulus and speedy inoculation programs in the European Union are heightened, investors were quick to bet on a fast global economic recovery resulting in Europe’s benchmark equity index STOXX 600 hitting a record high on Tuesday.  STOXX 600 advanced 0.9% at 436.16 points to surpass its previous life-high of 433.90 points […]

The dollar dropped to a near two-week low against its peers on Tuesday, falling along with Treasury yields that dropped from recent highs despite signs of U.S. economic recovery. Since end-March, the dollar index hovered near its lowest level, falling further in early Asian trade after dropping 0.4% on Monday.  The Japanese yen recovered from […]