Economic news

The Japanese yen recorded a seven-month low against the dollar on Thursday. This came after investors’ vaccine-, and stimulus-driven sentiment greatly supported the greenback and benchmark Treasury yields. The dollar performed positively, with its index hitting a 0.28% increase. In turn, the yen reached a low record of 107. 06. The decline came to be […]

The dollar remained weak on Wednesday as Treasury yields retreated, easing pressure on global markets and boosting risk asset demand. The dollar index was little changed in early Asian trade after dropping from a near one-month high overnight. Prospects of a $1.9 trillion coronavirus package fueled traders’ expectations for a speedy economic recovery.  The Aussie […]

Oil prices climbed on Wednesday, lifted by demand hopes on progress in U.S. vaccine rollouts, while uncertainty about OPEC+ supply and a massive build in U.S. crude inventories capped gains. U.S. West Texas Intermediate crude futures climbed 0.3%, or 18 cents, at $59.93 per barrel, bouncing from three consecutive days of losses. Brent crude futures […]

A private sector survey showed on Wednesday China’s services sector expanding at its slowest pace in ten months, in February. The slow pace of the sector’s growth was due to job cuts as companies faced low demand and higher costs. The Caixin services purchasing managers’ index (PMI), posted a 51.5 reading, slightly lower than the […]

With investors fending off concerns that stocks may have rallied too far too fast in 2020, Asian shares traded higher on Wednesday. This as investors shifted their focus on up and coming massive U.S. stimulus that will drive global economic recovery. MSCI’s broadest index of Asia-Pacific shares outside Japan improved 0.44%. Japan’s Nikkei stock index […]

As strategic competition with the United States spurs a move to dependence on consumption and home-grown technology, China’s annual session of parliament will chart a path for economic recovery and unveil a five-year plan to avoid stagnation. On Friday, the National People’s Congress is set to open where Premier Li Keqiang is expected to deliver […]

European stock markets were mixed on Tuesday trade as the World Health Organization’s coronavirus warning, along with new corporate news, weighed on markets. Germany’s DAX dipped 0.5%, France’s CAC 40 dropped 0.1%, and U.K.’s FTSE index fell 0.2%. For the first time after seven weeks, the number of coronavirus cases globally increased, according to the […]

The dollar firmed against its low-yielding peers on Tuesday on bets for a quicker pandemic recovery, while the Aussie looked to RBA for guidance. The dollar index traded at 91.014 after hitting a three-week high of 91.139 overnight. The euro dropped to $1.2049. The common currency fell under pressure as ECB officials warned against rising […]

Oil prices dropped over 1% on Tuesday, extending last week’s losses as hopes that OPEC would raise oil supply in a meeting this week contributed to pressure and concerns over slow-moving demand in China. Brent crude slid 1.1%, or 70 cents, at $62.99 per barrel following a 1.1% loss on Monday. U.S. West Texas Intermediate […]

Japanese companies reduced spending on plant and equipment for three consecutive quarters, which ended in the last quarter of 2020. Manufacturers heavily slashed costs, bringing in concerns about the strength of the country’s economic rebound as the coronavirus crisis ravaged private demand. Capital spending recorded a 4.8% decline in the fourth quarter of 2020, data […]