Earlier, the U.S. dollar experienced weakness but the scenarios reversed as the market mood was positive following the release of better-than-expected U.S. Initial Jobless Claims. The Initial Jobless Claims report showed that 1.31 million Americans filed for unemployment benefits in a week. Meanwhile, Continuing Jobless Claims dropped to 18.1 million as some workers managed to [...]
U.S. stocks have recovered most of this year’s losses, helping to push up global prices, despite rising numbers of American corona virus infections that threaten to derail economic improvement. Investors are buying technology and other companies they expect to emerge stronger from the global downturn. Amazon added 2.7%, Apple rose 2.3% and Microsoft gained 2.2%. [...]
The EU's chief negotiator met the UK's David Frost yesterday. After months of digital discussions, the pair finally met a few weeks ago to discuss Britain's exit from the bloc face-to-face. For further Brexit talks. Also, the pair is where to go for dinner yesterday night. And the next awaited update is Chancellor Sunak's fiscal [...]
Reserve Bank of Australia today announced an interest rate. At its meeting, RBA made no changes to its monetary policy settings once again, with the official cash rate (OCR) maintained a record low of 0.25%, as expected. The Bank has not purchased government bonds for some time. Until date with total purchases of around $50 [...]
