Comments by UK foreign secretary, Dominic Raab We are disappointed and surprised by EU position on Brexit We are close to a deal A deal also ‘depends on the other side’ With goodwill on both sides, we can get there This is largely more posturing as well, but it sure sounds like they will be
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NEW DELHI: Gold and silver prices were trading mixed around the flatline in Friday’s session amid steady US dollar and indecisiveness of US lawmakers about economic stimulus. US President Donald Trump said on Thursday he was willing to raise his offer of $1.8 trillion for a COVID-19 relief deal with Democrats in Congress, but the
Dollar and Yen remain generally firm in Asian session while Australian and New Zealand Dollars are soft. US stocks pared back much of the initial losses overnight with DOW ended nearly flat. Overall sentiments are also stable and mixed in Asia only. Coronavirus infections and politics, like US election and stimulus as well as Brexit,
Bank of Canada announces changes to programs that support key financial markets Citing better financial market conditions, the Bank of Canada has announced the end of mortgage bond purchases and buying Bankers’ acceptances on Oct 26. Term repos will be reduced to bi-weekly from weekly but with tighter securities eligible. “The Bank will continue to
LONDON: Oil prices fell on Thursday as new restrictions to stem a surge in COVID-19 infections have increased uncertainty over the outlook for economic growth and a recovery in fuel demand. Brent crude futures dropped 70 cents, or 1.6% to $42.62 a barrel at 0905 GMT, while U.S. West Texas Intermediate (WTI) crude futures were
Risk aversion is currently in driving seat in the markets today. In the US, hope of fresh fiscal stimulus fades for now, most likely not until after elections. In Europe, countries are going back into lockdowns as coronavirus cases hit records. Negative sentiment drive global stock indices lower and pushed bonds higher. In particular, Germany
Goldman Sachs says that neither the 15 October and 31 October deadlines constitute to a hard stop in Brexit talks The firm says that the perceived probability of a no-deal outcome will persist through the course of October, and that there could be potential for “drama” at the European Council meeting that is to take
NEW DELHI: Gold and silver prices were trading with cuts on Thursday following the trend in international markets amid vanishing hopes of any early economic stimulus from the US. US Treasury Secretary Steve Mnuchin said he and House of Representatives Speaker Nancy Pelosi were “far apart” on another coronavirus economic relief package, and that a
China’s headline CPI moderated to +1.7% y/y in September, from +2.4% a month ago. This has missed consensus of +1.9%. The weakness was mainly driven by pork inflation which slowed to +25.5% y/y, from +52.6% in August. This contributed about 0.7 percentage point to headline CPI’s moderation. Fresh vegetable prices, however, accelerated to +17.2% y/y
Memories are short On election day in 2016, Clinton led 45.7% to 41.8% in the RCP average. She ended up winning the popular vote but by 2.2 points rather than the 3.9 points shown here. That was enough to give Trump a narrow victory via the electoral college. In 2016, betting markets had Clinton as
New Delhi: Gold prices declined for the second consecutive day in the national capital on Wednesday, falling Rs 631 to Rs 51,367 per 10 gram amid rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 51,998 per 10 gram. Silver prices also tanked Rs 1,681 to Rs
Sterling had a roller coaster ride today, dropped notably on concerns over the deadlock in Brexit negotiations. Though, it then rebounded on talks that UK is still going to engage in talks after its self imposed mid-October deadline. Additional the country avoided a national coronavirus lockdown. The Pound is indeed the strongest one for today
The obvious, and necessary, caveat is there are still 3 weeks to go. But, Cook Political Report compiled polls and shows a big lead for Biden in Electoral College votes: To win the presidency its necessary to win the majority of Electoral College votes. Trump did so in 2016 despite getting 3 million votes less
LONDON Oil prices rebounded on Tuesday, drawing support from robust China data although concerns about waning demand elsewhere and supply resumptions in Norway, the Gulf of Mexico and Libya weighed. Brent crude futures rose 60 cents, or 1.4%, to $42.32 a barrel by 0916 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 63 cents,
Sterling softens broadly today as UK unemployment rate rose more than expected while the part of the country is returning to restrictions. Additionally, there appears to be no progress on Brexit negotiation ahead of the EU summit later this week. Australian Dollar is the second weakest as China moves to stop importing the country’s coal.
EU chief Brexit negotiator, Michel Barnier, comments in a tweet He reinforces that there is ‘strong’ EU unity ahead of the European Council meeting later this week and that they will continue to work for a fair Brexit deal in the coming ‘days and weeks’. I think the mention of ‘weeks’ says a lot about
New Delhi: Aluminium prices on Tuesday softened by 0.16 per cent to Rs 152 per kg in futures trade as speculators cut bets amid subdued demand in spot market. On the Multi Commodity Exchange, aluminium for delivery in October contracts eased by 25 paise, or 0.16 per cent, to Rs 152 per kg in a
Dollar is trying to recover in Asian session while Aussie tumbles broadly. Sentiments appear to be turning cautious on news that Johnson & Johnson paused coronavirus vaccine study due to an unexplained illness in a participant. UK also started a tiered system of fresh coronavirus restrictions. WTI crude oil is extending this week’s pull back