Economic news

Oil prices dropped 1% on Tuesday on worries that fresh pandemic restrictions and slow vaccine rollouts in Europe will offset fuel demand recovery and oil supply.  U.S. West Texas Intermediate crude futures for May contract lost 1%, or 62 cents, at $60.94 per barrel. The April contract expired on Monday, up 13 cents from Friday, […]

Mexico’s economy was predicted to expand more than 5% this year. The finance ministry viewed that an expansion would come easily, with the government working on ways to reduce tax evasion before discussing potential tax reform. Vaccinations across the globe and U.S. President Joe Biden’s massive stimulus package were expected to alleviate the country’s economy, […]

Asian share markets were seen tracking Wall Street’s upswing on Tuesday. The series of gains could be attributed to easing inflation concerns as U.S. bond yields withdrew from high levels. However, investors were still cautious about an increase in new coronavirus cases across Europe. Hong Kong’s Hang Seng index futures gained 0.5%, while Australian shares […]

After U.S. President Joe Biden enacted one of the largest fiscal stimulus in history, inflation risks are starting to mount, economists said. They are also worried about the growing debt of the government. The National Association for Business Economics survey conducted Feb. 22-March 5 showed that more than sixty percent of economists suggest that inflation […]

With the dollar keeping afloat and ten-year yields remaining near their highest level in over one year, gold prices fell in Asian trade on Monday. Gold futures fell 0.09% at $1,740.15 while the dollar improved on Monday. Two, five, and seven-year debt auctions in the U.S. treasury later in the week are anticipated among investors. […]

The Turkish lira dropped towards a record low against the dollar after President Erdogan stunned investors by replacing the central bank governor with a critic of high interest rates. The yen climbed versus the euro, kiwi, and Aussie on speculation that Japanese investors buying lira for its high interest rates will close out their positions. […]

Oil prices fell on Monday, losing nearly 1% as fears about a decline in fuel demand amid new European lockdowns dominated markets. Brent crude dropped 0.9%, or 60 cents, at $63.93 per barrel, while U.S. oil lost 1.1%, or 68 cents, at $60.74 per barrel. Both benchmarks slid by over 6% last week. Germany plans […]

Toyota Motor, Nissan Motor, and Honda Motor had seen their shares drop on Monday. The decline monitored by Japan’s three biggest automakers was mainly from a fire at one of Renesas Electronics semiconductor plant, raising concerns that this might lead to a global shortage of automotive chips. Shares of Japan’s big three carmakers traded 2% […]

Asian share markets recorded a mixed session as bonds advanced on Monday. This followed after the Turkish lira dropped, prompting talks that capital controls are necessary to alleviate the downswing. The lira lagged behind the dollar, and the rout was mainly from President Tayyip Erdogan’s unexpected dismissal of Turkey’s central bank governor. In turn, analysts […]

The dollar firmed on Friday, boosted by higher Treasury yields and a decline in the stock markets. The rise came after the U.S. Federal Reserve dampened speculation for an early interest rate hike.  The dollar index briefly rose following a 0.5% climb on Thursday, the most in two weeks. The 10-year U.S. Treasury yields hit […]