Economic news

Oil prices dropped for a third consecutive day on Tuesday as a spike in U.S. crude stockpile raised demand fears after Germany and France planned to stop COVID-19 vaccinations. Brent crude dropped 0.7%, or 49 cents, at $68.39 per barrel following a 0.5% decline in the last session. U.S. crude fell 0.7%, or 47 cents, […]

Argentina’s Productive Development Minister Matias Kulfas foresees a 5% to 6% economic expansion this year. The outlook was in consideration of preliminary data, with the coronavirus’s impact also put into account. A group of economists surveyed by the country’s central bank expected a 6.2% increase even after the economy recorded a 10% contraction in 2020. […]

Asian share markets were off to a strong start on Tuesday. The series of gains came after Wall Street’s upbeat performance boosted shares across the region, with investors also waiting for the Federal Reserve’s meeting later this week. Futures for Japan’s Nikkei traded 0.10% higher, while Hang Seng index futures recorded a 0.55% increase. Australia’s […]

The dollar firmed on Monday after recovering from a one-week low last week, boosted by a surge in Treasury yields to more than one-year highs as inflation worries linger. The greenback gained 0.1% to 109.125 against the Japanese yen, while the euro was mostly flat at $1.19485 after climbing last week, its first time in […]

Oil prices climbed on Monday, with Brent on course to hit $70 per barrel as Chinese economic data sharply grew at the beginning of 2021, supporting fuel demand outlook. Brent crude futures for May contract rose 0.7%, or 47 cents, at $69.69 per barrel. U.S. West Texas Intermediate crude for April delivery gained 0.8%, or […]

“It’s becoming an asset that investors can no longer ignore,” said Mizuho Securities’ chief currency strategist Masafumi Yamamoto as Bitcoin remained in the zone following a $62,000 record-hit on Saturday and closed around $60,000 on Monday trade. The world’s largest cryptocurrency took a breather as it posted $58,956.90 in the Asian session, after Saturday’s record-breaking […]

Mexico’s economy and exports will benefit from the Biden administration’s $1.9 trillion coronavirus relief package and at the same time, will pose challenges in the market, according to Bank of Mexico’s governor Alejandro Diaz de Leon. U.S. Ten-year yields jumped to 13-month highs on Friday, fueled by optimism brought by the U.S. coronavirus relief package […]

China had monitored its industrial output advance an annualized 35.1% from January to February, official data showed on Monday. The record came faster than the 7.3% reading seen in December, indicating that the jump had contributed to the country’s emergence from the coronavirus drag. The figure greatly breached the 30.0% year-on-year increase expected by analysts […]

Global share markets were seen upbeat, while U.S. bond yields placed near their 13-month peak on Monday. The series of gains came after U.S. President Joe Biden’s stimulus package was enacted last week, increasing investors’ optimism that the country’s economy will stage an impressive expansion. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.2%, […]

Gold lowered on Friday in Asian trade but was all set to post its best figures in seven weeks over weakening U.S. Treasury yield and dollar. Gold futures rose 0.33% at $1,716.90. For the week, gold prices have improved 1.4%, capping their largest gains since January of this year. Despite the gains in today’s trade, […]