Economic news

Oil prices climbed on Tuesday on expectations for a global economic recovery after the U.S. Senate passed a massive $1.9 trillion stimulus package. Prices were also supported by a probable drop in U.S. crude oil stockpile. However, a strong dollar and diminishing fears of a supply glut in Saudi Arabia following an attack on its […]

Asian share markets were seen subdued on Tuesday, performing weakly as an increase in U.S. bond yields dragged tech-related shares and affected company valuations in China and South Korea. Moreover, investors’ sentiment was dampened by inflation fears as the United States prepares to legislate a $1.9 trillion stimulus package. MSCI’s broadest index of Asia-Pacific shares […]

Japan’s economic momentum decelerated at a slower-than-initially-reported pace from October to December. The decline came mainly from firms’ restricted spending on plant and equipment and their decision to cut inventories as the coronavirus crisis dragged demand. Data from the Cabinet Office showed that the economy recorded an annualized 11.7% expansion in the fourth quarter. The […]

Gold regained its luster on Monday trade as it bounced back from the nine-month low outing during the previous session over a softer dollar. Gold futures edged up 0.38% at $1,704.89, after posting a nine-month low on Friday. The dollar was upbeat but lost against the currencies of major commodity exporters over increased investor bets […]

European stock markets were mixed starting the trading week as rising U.S. Treasury yields scare investors despite growing hopes for a global economic recovery. China also posted encouraging export figures for the first two months of 2021. CAC 40 futures in France improved 0.8% while Germany’s DAX futures contract dropped 0.3% and UK’s FTSE 100 […]

The dollar lingered near three-month peaks on Monday after the U.S. Senate passed a massive stimulus aid that triggered another sell-off in the bond market. Commodity currencies fell as a broad risk sentiment lost momentum. The dollar index traded at 92.073, up 0.17% and near its three-month peak of 92.201 hit on Friday.  The Senate […]

Brent crude futures rose above $70 per barrel on Monday for the first time since the onset of the coronavirus pandemic. The U.S. crude hit its strongest level in over two years after Saudi Arabian facilities were reported to be attacked. Brent crude futures for May contract rose to $71.38 per barrel in early Asain […]

Data from China’s customs agency showed that the country’s exports recorded an impressive 60.6% year-on-year jump from January to February. Imports also expanded, tallying a 22.2% growth from last year’s weak levels.                                                […]

Asian share markets recorded an upbeat performance, while the dollar placed near a three-month high. The series of gains came after the U.S. Senate successfully legislated a $1.9 trillion stimulus package, and an impressive payrolls report bolstered economic optimism. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.4%. Japan’s benchmark index Nikkei advanced 1.2%, […]

The dollar firmed near three-month highs on Friday after rising overnight as Fed Chair Jerome Powell stuck with dovish policies despite a recent surge in bond market volatility. The dollar surged the most in a month after Powell reiterated the central bank’s commitment to ultra-dovish monetary policy until the economy fully recovers. Risk currencies, along […]