Some remarks by UK finance minister, Rishi Sunak The focus of all my attention is to support jobs If consumers lack confidence, that will have an impact on jobs But we need sustainable public finances The handling of the virus crisis is all a political ruse and as much as the UK government does not
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NEW DELHI: Gold and silver prices were trading mixed on Tuesday as improvement in Donald Trump’s health put pressure on bullion but a lingering economic crisis kept the mood upbeat. US President Donald Trump returned to the White House on Monday after a three-night hospital stay where he was being treated for COVID-19. Gold futures
As widely anticipated, RBA left the cash rate unchanged at 0.25% at the October meeting. The yield curve control target also stays at 0.25%. This is the 7th consecutive month that the central bank has kept the monetary policy unchanged. While economic recovery is underway, policymakers judged that the path will be “bumpy and uneven”.
White House aide Karoline Leavitt tests positive The White House is announcing that Treasury Secretary Mnuchin has tested negative for Covid today. However the assistant press secretary Karoline Leavitt has joined the Pres. press secretary Kayleigh McEnany as members of the White House press corps who has tested positive. For bank trade ideas, check out eFX Plus
LONDON: Oil prices rose on Monday after doctors said U.S. President Donald Trump could soon be discharged from the hospital where he is being treated for COVID-19, while six Norwegian offshore oil and gas fields were shut as more workers joined a strike. Brent was up $1.81, or 4.6%, to $41.08 a barrel by 1337
Dollar and Yen remain generally weak today with main focuses on coronavirus infections news. It’s still unsure if US President Donald Trump could be discharged form hospital today, but news regarding his coronavirus is so far positive. European Commission President Ursula von der Leyen had been tested negative for COVID-19, but she’s in self-quarantine. These
Euro area final services and composite PMI prints for September in focus The market is looking more cheery to start the new week, with major currencies gaining slight ground as we see the yen and dollar lag a little bit. All eyes are still on Trump’s health condition and after some nervousness seen on Friday,
NEW DELHI: Gold and silver prices drifted lower on Monday as the markets opened after an extended weekend. Investors shrugged off the uncertainty over US President Donald Trump’s health and reduced their positions in futures trading. Doctors treating Trump for COVID-19 sent conflicting signals about the severity of his condition on Sunday, hours before the
As suggested in the CFTC Commitments of Traders report in the week ended September 29, NET SHORT for USD Index futures fell -3 591 to 5 555 contracts. Speculative long positions increased +2 908 contracts and short positions slipped -683 contracts. The greenback’s outlook remains uncertain in the near term. The US presidential election is
White House doctor seems carefully upbeat, from his statement: Trump not yet out of the weeds but the team remains cautiously optimistic Trump continues to do well, “having made substantial progress since diagnosis” Trump remains fever free and off supplemental oxygen Sean Conley, the White House physician, with the update. Let’s hope Trump stays on
New Delhi: Energy exchanges IEX and PXIL have expressed hope that renewable energy certificate (REC) trading will resume after three months on October 28 as electricity tribunal APTEL has concluded hearing on the REC pricing issue. Trading of RECs is done on the last Wednesday of every month on the Indian Energy Exchange (IEX) and
Net length in gold futures increased as a rise in speculative long positions was accompanied by a fall in speculative shorts. Traders also resumed accumulating gold on price correction. We expect net length in the yellow metal to rise further in the coming week as safe haven demand reemerged amidst the second wave of coronavirus
The timeline is changed Earlier today Trump’s doctor indicated he had been diagnosed with COVID 72 hours earlier, a timeline that would have been the morning after the debate. Afterwards, he attended a rally in Minnesota and then a fundraiser the following day. Now the doctor is saying this is a timeline clarification: If Trump
NEW YORK: Oil prices fell more than 4% on Friday, and posted a second weekly decline after U.S. President Donald Trump tested positive for COVID-19, roiling risky assets, and as rising global crude output threatened to overwhelm the market’s weak recovery. Benchmark Brent and U.S. crude each posted a second straight week of losses. The
Investors could have been anticipating an October surprise. But none could have expected it to come that early, with US President Donald Trump’s coronavirus infections. The world has been in historically high level of uncertainty ever since the virus outbreak in Wuhan of China half a year ago. And the virus is still not leaving
That took a quick turn for the worse There is another report that he’s had a fever all day and he hasn’t tweeted so you know it’s bad. Reports now say he’s now leaving the White House for the military hospital. A White House official says he will be moving into a special suite at
TOKYO: Oil prices extended losses to about 3% on Friday after U.S. President Donald Trump said he has tested positive for COVID-19, while agrrement on a U.S. stimulus package eluded negotiators amid ongoing worries about demand. Brent crude slipped on the Trump news and was down $1.12, or 2.7%, at $39.81 a barrel by 0710
Gold extended gains on Friday en route to its best week in nearly two months as investors sought safe-haven assets after U.S. President Donald Trump tested positive for COVID-19. Spot gold was up 0.5% at $1,915.34 per ounce by 0645 GMT, reversing losses from early Asian trade. U.S. gold futures rose 0.3% to $1,922.20. Bullion