Economic news

The dollar took a pause from selling pressure on Wednesday as Nestor’s weighed risks ahead, including Brexit trade talks in Brussels, the U.S. Congress debating for an additional economic package, and an upcoming ECB meeting. The dollar index sat at 90.923,  a little above the 2 ½-year low hit on Friday. The pound steadied at […]

Oil prices fell on Wednesday due to worries about a sudden rise in U.S. crude stockpile last week. However, positive news about COVID-19 vaccines boosted investors’ hopes for a fuel demand recovery. Brent crude futures fell 0.3%, or 13 cents, at $48.71 per barrel after climbing 5 cents on Tuesday. U.S. West Texas Intermediate crude […]

November had seen China’s factory gate prices decline at a slower pace, indicating that the country’s economy made a mild rebound from the coronavirus drag. However, weak food prices heavily weighed on consumer prices, recording their first drop in over a decade. The producer price index (PPI) plunged 1.5% year-on-year, the National Bureau of Statistics […]

Asian share markets recorded a new milestone peak, while U.S. stock futures performed positively on Wednesday. The series of gains could be attributed to investors’ upbeat sentiment brought by encouraging news about a coronavirus vaccine and efforts to roll out more fiscal stimulus. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.51%, hitting an […]

Japan had seen its household spending advanced in October, the first expansion in over a year, data showed on Tuesday. The growth indicates a mild recovery after the country’s economy was ravaged by the coronavirus crisis. Household spending jumped 1.9% in October year-on-year, placing weaker than the 2.5% increase predicted by analysts. While it failed […]

Asian shares recorded a turbulent performance earlier on Tuesday. This could be attributed to the markets’ low confidence as investors’ stimulus- and vaccine-driven sentiment was heavily dragged by a surge in new coronavirus infections.   Asia tracked Wall Street’s mixed session, with the tech-heavy Nasdaq reaching a new peak. MSCI’s broadest index of Asia-Pacific shares […]

Investors on the pound clung to hopes for a last-ditch Brexit trade deal in the meeting between EU Commission President Ursula von der Leyen and Britain’s Prime Minister Boris Johnson. The demand for the safe-haven currency boosted the dollar as U.S. coronavirus cases rose.  The pound held on to the $1.3353 level in early Asian […]

Oil prices slid on Tuesday as the state of California enforced stricter lockdowns through Christmas and as coronavirus infections continued to rise in the United States and Europe.  U.S. West Texas Intermediate crude futures dropped 0.4%, or 18 cents, at $45.58 per barrel. Brent crude futures lost 0.5%, or 24 cents, at $48.55 per barrel. […]

Growth in the U.K.’s retail sales softened in November as non-essential stores were forced to cease operations to comply with the four-week lockdown in England. However, online sales surged and were able to bring in the figures more than it did during the first lockdown in March, according to industry data released on Tuesday. Year-on-year […]

German industrial output posted larger-than-expected figures driven by surging car sales in October. This development is an indication that the export-oriented manufacturing sector sent Europe’s largest economy off to a hot start in the final quarter of 2020. German industrial output soared 3.2% on the month after an upwardly revised increase of 2.3% in the […]