Economic news

Oil prices in the United States took a breather on Wednesday. The decline followed after an industry report revealed that the country’s stockpiles grew larger than what was expected. This heavily restricted a rally brought by encouraging news about an effective coronavirus vaccine. After a 4% increase made on Tuesday, West Texas Intermediate crude recorded […]

Global share markets reached a milestone peak on Wednesday. The series of increase came after the Dow Jones Industrial Average breached a historic 30,000 jump overnight, with investors’ confidence greatly supported by a dramatically improved global outlook. MSCI’S broadest index of Asia-Pacific shares outside Japan had seen a 0.45% increase. Meanwhile, Japan’s benchmark index Nikkei […]

Resurging virus infections and business restrictions are the culprits in the declining US consumer confidence in November, raising red flags of a sharp economic growth slowdown in the final quarter of 2020. The released Conference Board survey on Tuesday showed a declining consumer confidence index as it posted a 96.1 reading this month from a […]

Japanese shares will most likely undergo correction in the near term as a global rally surges in the midst of sparking hopes for vaccines. But the best is yet to come for Nikkei as it is expected to yield its highest gains in 30 years, according to a Reuters poll on Wednesday. In the survey […]

ANA Holdings Inc’s shares dropped 4.2% on Tuesday after reports that Japan’s biggest airline plans to release new shares worth around $1.9 billion. ANA will launch its first share sale since 2012. The issuance is anticipated to raise almost 200 billion yen. In a statement released on Tuesday, the Japanese airline said nothing was decided […]

Brent crude hit its highest levels since March as a third COVID-19 vaccine candidate boosted hopes of a faster recovery in fuel demand.  U.S. President-elect Joe Biden had been given the go signal to begin his leadership transition.  Brent crude futures gained 0.9%, or 43 cents, at $46.49 per barrel. U.S. West Texas Intermediate crude […]

Risk-sensitive currencies advanced on Tuesday. The jump was mainly from investors’ upbeat sentiment as U.S. President Donald Trump accepted President-elect Joe Biden’s White House transition. Moreover, Biden plans on giving former Federal Reserve Chair Janet Yellen the Treasury secretary position. The Australian dollar recorded a 0.4% increase, currently quoted at $0.7313. Meanwhile emerging market currencies […]

Asian shares recorded an upbeat performance on Tuesday. The series of increase came after markets’ sentiment was supported by reports that U.S. President-elect Joe Biden was given the approval to start his White House transition. In addition to this, encouraging news about a coronavirus vaccine bolstered gains. Biden’s plan of nominating former Federal Reserve Chair […]

Euro zone business activity fell sharply in November as reinstated virus-related restrictions forced a number of firms in the bloc’s service industry to cease operations temporarily. However, market optimism remains alive and kicking as news of possible vaccines fill the news reports recently – as expressed by economists in a survey. The euro zone economy […]

US business activity was seen growing at its fastest rate in over five years in November. The upbeat reading is an indication the US economy is clawing back from a COVID-19-driven recession. IHS Markit’s manufacturing and services sector purchasing managers’ indexes propelled, lambasting predictions of leveling off amid virus resurgence. The manufacturing index increased to […]