Economic news

The dollar’s rebound from a near-three-year low failed after Federal Reserve Chair Jerome Powell said that interest rates would not rise soon. The release of the details of a $1.9 trillion U.S. stimulus aid failed to support the dollar. The dollar index rallied after hitting its lowest level since 2018 last week, as the prospect […]

Oil prices were mixed on Friday as high Chinese import data, which boosted sentiment earlier, met difficulties with several Chinese cities put on lockdowns due to rising coronavirus cases. Brent crude futures lost 3 cents to $56.69 per barrel following a 0.6% gain on Thursday. U.S. West Texas Intermediate crude rose 12 cents to $53.69 […]

Japan may consider rolling out a new stimulus package, along with a possible fourth extra budget, amid the government’s state of emergency expansion triggered by surging coronavirus infections. This development was divulged by a cabinet minister on Thursday. On Wednesday, Prime Minister Yoshihide Suga widened the ongoing state of emergency from Tokyo area to seven […]

In an effort to lift the ailing, virus-battered economy and hasten inoculations, U.S. President-elect Joe Biden officially publicized on Thursday a $1.9 trillion stimulus package. The stimulus package to be injected into the economy includes $415 billion to boost virus response and hasten inoculations, $1 trillion worth of payout to American households, and around $440 […]

The United States had seen an increased level of applicants filing for unemployment benefits last week. The surge in the country’s weekly jobless claims underscored a struggling labor market as the coronavirus pandemic takes a toll on restaurants and other business operations. For the week ended Jan. 9, initial claims for state unemployment benefits jumped […]

Asian share markets recorded an upbeat performance on Friday. The series of gains came after investors’ sentiment was fuelled by the prospect of a massive stimulus package under President-elect Joe Biden’s administration. Meanwhile, oil prices advanced as China released strong trade figures. In Asia, Australia’s S&P/ASX 200 traded 0.2% higher, while Japan’s benchmark index recorded […]

The dollar rose from near-three-year lows against its peers on Thursday, boosted by higher U.S. yields as President-elect Joe Biden plans an outline for massive stimulus aid. The dollar index held onto gains in Asian trading as investors eased on bearish bets. The dollar rose in four of the last five sessions as the prospect […]

Japan had seen its core machinery orders advance for two consecutive months ended November, data showed on Thursday. However, an increased number of coronavirus cases monitored in Tokyo and 10 other areas might affect business appetite for capital spending. Core orders recorded a 1.5% increase in November month-on-month, completely reversing from a 6.2% drop expected […]

Oil prices fell for a second straight day on Thursday as rising global COVID-19 cases raised demand worries, despite a U.S. crude stock drawdown capping losses. Brent crude oil futures slid 0.1%, or 5 cents, at $56.01 per barrel. U.S. West Texas Intermediate crude futures was down 1 cent to $52.90 per barrel. U.S. crude […]

U.S. Treasuries were seen subdued on Thursday. This followed after investors’ sentiment was dampened by a report that President-elect Joe Biden will announce a stimulus package as massive as $2 trillion. Japanese shares, on the other hand, reached a three-decade high in anticipation that the global economy will soon recover. The yield on benchmark 10-year […]