Economic news

Stock markets in the euro zone were seen opening stronger on Wednesday, getting some lift from solid earnings from Societe Generale, as well as from hopes for a global economic recovery from the coronavirus pandemic. The DAX futures contract in Germany gained 0.1%. CAC 40 futures in France added 0.3% while the United Kingdom’s FTSE […]

January had seen China’s factory prices advance for the first time in 12 months. The year-on-year jump came to be the most rapid pace of expansion the country had seen since May 2019, indicating that the world’s second-largest economy is gaining momentum towards recovery. The producer price index (PPI) recorded a 0.3% jump from a […]

Asian share markets gained cautiously on Wednesday. The series of earnings followed after Wall Street’s strong session, with optimism about the global economy also supporting investors’ risk appetite. However, worries about the sustainability of a recent risk rally might restrict shares from advancing further. Australian shares jumped, with the S&P/ASX 200 gaining 0.5%. E-mini futures […]

Europe’s largest economy took heavy lifting from its exports as it had solid trade activities with the United States and China, with its upbeat December figures show recovery from the pandemic drag. Germany reported a 0.1% seasonally adjusted exports in December, following a 2.3% increase in November, according to the data released by the Federal […]

Singapore will be releasing next week its slashed budget that will support businesses after an unprecedented fiscal stimulus last year to lift the pandemic-battered economy. Singapore’s trade-reliant economy is still groping for form after it suffered from its worst recession last year, with the government having already vowed tens of billions of dollars in fiscal […]

Gamestop, a videogame retailer, saw a decline in its shares on Monday. The company lost momentum together with other social media-hyped stocks that saw a wild increase earlier in February.  While the company recorded an upbeat performance during its early session, its shares still plunged 5.91% at $60. Shares of AMC Entertainment Holdings Inc and […]

Asian share markets saw an increase on Tuesday, while oil prices reached a 13-month high record on demand-driven optimism. The series of gains followed after Wall Street recorded a historic high, while an endorsement from Tesla Inc greatly supported Bitcoin. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.32%, easing from its 730.16 record […]

The dollar fell to its lowest in a week on Tuesday as traders began doubting the scale of a recent rally driven by hopes for a quick U.S. pandemic recovery. The dollar index fell 0.2% to 90.75 in Asian session, and slid to 90.963 for the first time since February.  The dollar has been in […]

Oil prices rose to their highest levels in 13 months on Tuesday as major producers’ output cuts and optimism over oil demand recovery boosted energy markets. Brent crude futures for April delivery rose 0.8%, or 48 cents, at $61.04 per barrel. U.S. West Texas Intermediate crude for March contract was up 0.8%, or 45 cents, […]

The Bank of Israel reported on Sunday it purchased $6.832 billion of foreign currency in January, propping in weakening the shekel from a 24-year peak and taking forex reserves to a new record high of $179.5 billion. After purchasing $21 billion of foreign currency last year, the central bank said in January it would purchase […]