Jiji Press reports on the matter This adds to the list of Tokyo, Osaka, and Hyogo as outlined earlier in the day here. It’s a “here we go again” moment for Japan as the virus situation is trending for the worse as it did back in November to January. Domestic stocks aren’t taking the news
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Gold prices rose on Wednesday, hovering near a seven-week high hit earlier this week, as a soggy dollar and a retreat in U.S. Treasury yields lifted demand for the safe-haven metal. Spot gold was up 0.2% at $1,779.85 per ounce by 0205 GMT, after hitting its highest since Feb. 25 at $1,789.77 on Monday. U.S.
We do not expect much news from the upcoming ECB meeting. European yields have stabilized since the central bank “accelerated significantly” the pace of PEPP purchases in mid-March. Inter-meeting economic data have been mixed. We believe policymakers would reinstate that downside risks to the economic outlook in the near-term, while adding some optimistic flavor over
Closing changes for the main European bourses: UK FTSE 100 -2.0% — worst day in nearly two months German DAX -1.6% — worst day since Jan French CAC -2.2% — worst of 2021 Spain IBEX -2.0% — worst of 2021 Italy MIB -2.4% — worst of 2021 That’s not a pretty picture. US equities are
By Andy HomeLONDON: Funds continue to reduce their long exposure to the copper market even as the bull clamour for higher prices grows ever louder. Goldman Sachs last week doubled down on its supercycle shout, forecasting copper would average $15,000 per tonne in 2025 in a headline-grabbing April 13 research note titled “Copper is the
Some renewed concerns over global spread of coronavirus appears to be putting risk-on rally to a halt. In Japan, Tokyo Governor is seeking the government o declare a state of emergence to curb the infections ahead of the Olympics that just three months away. Situation in some countries like India remains severe. European Commissions said
Latest data released by Japan’s METI – 20 April 2021 Prior -1.7%; revised to -1.0% Slight delay in the release by the source. The statistic basically measures the total value of services purchased by Japanese businesses over the month.Invest in yourself. See our forex education hub. A minor improvement in February but it comes after the
With the weather office projecting normal monsoon rains this year, the agriculture sector is hoping for a healthy year, but any disruption in weather patterns may disturb the mood for commodity markets. That was the message from market watchers after the India Meteorological Department projected a bountiful monsoon season even as coronavirus restrictions loomed large
Yen bounces broadly in Asian session session today, after Japan reported solid trade data. Sterling is currently following as second strongest, then Aussie. On the other hand, Euro weakens in general, dragging down the Swiss Franc too. The developments came as Sterling is reversing recent decline against other European majors. Dollar and Canadian are both
OPEC could just have JMMC monitoring meeting A report says OPEC+ is discussing downgrading the April 28 scheduled ministerial meeting and only having a JMMC monitoring meeting. OPEC has already pre-committed to the next few months. They have the option to tweak it but with oil fairly steady and inventories running off, they’re probably happy
Rubber prices on Monday tanked more than 4 per cent amid thin trade, as a surge in Covid-19 infections added to concerns about business activity and overall economic recovery. MCX rubber for April delivery traded Rs 664 or 4.02 per cent down at Rs 15,850 per 100 kg in afternoon deals. Earlier on Monday, it
Euro finally breaks through 1.2 handle against Dollar, as the greenback’s selloff resumes today and accelerates broadly. Nevertheless, Euro is overwhelmed by others, in particular Sterling, which is the strongest for now, followed by Swiss Franc. Commodity currencies are somewhat lagging behind too, partly as they’re facing some pressure against Yen. Overall, the Dollar bearish
A bit of a lower count due to lesser testing over the weekend The 7-day incidence rate keeps higher at 165.3 so that is still cause for concern in Germany, as total deaths exceed 80,000 since the start of the pandemic now. Meanwhile, total active cases across the country is seen at ~286,500. Medical capacity
TOKYO: Oil prices fell on Monday amid mounting concerns that surging caseloads of coronavirus infections in India and other countries will lead to stronger measures and hit economic activity, along with demand for commodities such as crude. Brent crude was down 43 cents, or 0.6%, at $66.34 a barrel by 0139 GMT, after rising 6%
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks plummeted -9.05 mmb to 1283.58 mmb in the week ended April 9. Crude oil inventory slumped -5.89 mmb (consensus: -2.89 mmb) to 492.42 mmb. Stockpile decreased in 3 out of 5 PADDs. PADD 3 (Gulf
Goldman Sachs sees upside for the euro The euro spent the latter part of the week flirting with 1.2000 but unable to break above. Analysts at Goldman Sachs believe that it’s only a matter of time until it breaks through and runs to 1.2500. They’ve raised their three-month EUR/USD target to that level from 1.2100.
NEW DELHI: Gold imports, which have a bearing on the country’s current account deficit (CAD), rose by 22.58 per cent to USD 34.6 billion (about Rs 2.54 lakh crore) during 2020-21 due to increased domestic demand, according to the Commerce Ministry data. Silver imports during the last fiscal, however, dipped by 71 per cent to