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ECB at the July meeting maintained all the monetary policy measures unchanged. President Christine Lagarde acknowledged the encouraging economic recovery in May and June. She also suggested that the rebound will continue into 3Q20, as supported by monetary and fiscal stimulus. Yet, Lagarde also warned of the high uncertainty ahead. On the monetary policy, ECB

Forex news for NY trading on July 17, 2020 In other markets: Spot gold is closing the week above the $1800 in what was an up and down week for the precious metal. The high for the week was on Wednesday at $1814.90. The low for the week was on Tueday at $1790.79.  The price

NEW YORK: Oil prices were broadly stable on Friday in early U.S. trading, as expectations of more economic stimulus programmes balanced concerns about the recovery in fuel demand as coronavirus cases surge and major crude-producing nations ready increases in output. Brent crude futures fell 15 cents to $43.22 a barrel by 12:10 EDT (1610 GMT).

Euro and Swiss Franc rise broadly today but upside is so far limited. Traders are still cautiously awaiting EU leaders’s decision on the EUR 750B recovery fund. On the other hand, Sterling suffers notable selling for today, thanks to selling in cross against Euro. Canadian Dollar is following as the second weakest and then Dollar.

Boris Johnson says that the government is aiming to review the remaining restrictions in November From October, we intend to bring audiences back into stadiums We will look to allow more close contact between friends and family where possible Hopes that by November it may be possible to drop social distancing rules The part on

LONDON: Oil prices slipped on Friday amid growing uncertainty about the global recovery in fuel demand as coronavirus cases surged in several countries, while major producers were set to ease output curbs. Brent crude futures fell 26 cents to $43.11 a barrel by 0822 GMT. US West Texas Intermediate (WTI) crude dropped 23 cents to

The forex markets are generally stuck inside yesterday’s range in subdued trading today. Chinese stocks attempted a recovery at the start of the session, but quickly turned into red again, continuing with Thursday’s mini-crash. Other Asian markets are mixed though, with not much reactions to weaker US close overnight. As for the week, Euro is

The head of Shell spoke in an online interview, in a nutshell said that there will be no V-shaped recovery for the global economy after the coronavirus epidemic this will  curtail oil and gas demand for years to come Ben van Beurden, Chief Executive of Royal Dutch Shell: “Energy demand, and certainty mobility demand, will

Kolkata: The online gold market in India accounts for just 1-2% of overall gold sales by value in the country, but its share is expected to grow following the Covid-19 outbreak as it is witnessing a massive push from both digital players who see it as an opportunity and large jewellers who see it as

The sharp reversal in Chinese stocks is somewhat weighing on global sentiments today. European indices are generally in red while US stocks also open mildly lower. Dollar firms up mildly but upside momentum is unclear for now. Euro is also resilient after ECB stands pat as widely expected and delivers nothing astonishing. On the other

Twitter down by nearly 6% in pre-market trading That and the drop in Tesla are part of the reasons weighing more heavily on Nasdaq futures, as tech is on the back foot to start the day. US futures are keeping lower in general with S&P 500 futures down 0.9% while Nasdaq futures are slumping by

India’s edible oil exports rose 54 per cent to 80,765 tonne in the financial year 2019-20, on a sharp increase in shipment of groundnut oil especially to China, trade body SEA said on Thursday. In value terms, the edible oil shipments increased 52.36 per cent to Rs 955.51 crore, against 52,490 tonnes valued at Rs

GDP expanded +3.2% y/y in 2Q20, beating consensus of +2.4%. From a quarter ago, the expanded jumped+11.5%. Concerning major macroeconomic indicators in June, industrial production (IP) rose +4.8% y/y in June, in line with expectations and accelerating from +4.4% in May. Urban fixed asset investment (FAI) declined -3.1% y/y in the first half of the

This has been out for an hour or so, it got overtaken by the twitter hack  Oxford scientists believe they have made a breakthrough in their quest for a Covid-19 vaccine discovering that the jab triggers a response that may offer a “double defence” against the virus The article is gated but, in brief,  Phase

LONDON/DUBAI/MOSCOW: OPEC and allies such as Russia will ease record oil supply curbs from August as the global economy slowly recovers from the coronavirus pandemic, Saudi energy minister Prince Abdulaziz bin Salman said on Wednesday. The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, have been cutting output since May by

Markets are in strong risk-on mode again on coronavirus vaccine hopes. Moderna group said earlier that the vaccine candidate produced a robust immune system response in a large group of people. Next will be a decisive clinical trial in July. Major indices in Asia and Europe record strong gains, except China and Hong Kong. DOW

Comments by Swedish prime minister, Stefan Löfven He reaffirms that that is their view on the matter and that isn’t quite something reassuring following Dutch prime minister Rutte’s remarks yesterday that he was ‘pessimistic’ about a compromise being reached this weekend on the recovery fund. At this stage, Spain and Italy are seemingly on board with

LONDON/DUBAI: OPEC and allies such as Russia meet on Wednesday to decide oil output policy from August amid broad market expectations the group will ease supply curbs as the global economy slowly recovers from the coronavirus pandemic. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, have been cutting output since May