The Spanish government recommends Madrid to extend lockdown restrictions to all parts of the region Madrid just announced that they are raising the number of areas under lockdown to 45 from 37 moments ago, adding that about 1 million people in the region are reported to be in lockdown based on the latest restrictions. But
New Delhi: Copper prices on Friday rose by 0.21 per cent to Rs 518.75 per kg in futures trade on pick-up in spot demand. On the Multi Commodity Exchange, copper contracts for October delivery traded higher by Rs 1.10, or 0.21 per cent, at Rs 518.75 per kg in a business turnover of 3,592 lots.
Dollar and Yen retreat mildly today risk aversion recedes slightly. But as Asian markets struggle to find momentum for a rebound, risk aversion could come back any time before weekly close. As for the week, the greenback remains the strongest one, followed by Yen. Australian Dollar is the worst performing, followed by New Zealand Dollar.
shapecharge | E+ | Getty Images Racial inequality is bad for the U.S. in innumerable ways, of course, many of which are hard to calculate directly. But now Citi has put a number to at least one aspect of social injustice, finding in a new study that $16 trillion has been erased from U.S. GDP
The potential Bitcoin Cash fork in November is looking increasingly likely, with 63% of the last 1,000 BCH blocks being mined using the community’s breakaway Bitcoin Cash Node (BCHN) implementation. BCHN appears to be ahead on multiple fronts. According to data published by Coin Dance, in total, roughly 82% of the hashrate on the Bitcoin
A up and down day in most major pairs today The forex market had some ups and downs in the USD today. The day started with the greenback higher. It remained near high levels as London traders headed to the exit. However, some selling in the NY afternoon session has erased a lot of the earlier
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The emerging market currencies have been slammed over the past week or so. Names like Brazilian real, Mexican peso and South African rand have declined by 5.65% to 4.48%, respectively. “We are in a real EM sell-off now,” Robin Brooks, chief economist at the Institute of International Finance (IIF) and former chief strategist at the
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LONDON: Oil prices steadied on Thursday, as a fall in U.S. inventories last week was tempered by a stronger dollar and a renewed wave of COVID-19 cases in Europe that led several countries to reimpose travel restrictions. Brent crude futures were up 10 cents, or 0.2%, to $41.87 a barrel by 1100 GMT, while U.S.
Dollar remains the strongest one for the week, followed by Yen, as risk aversion continue to dominate. The recovery attempts in European stocks appeared to have faded very quickly while DOW futures point another day of lower open. Sterling is relatively resilient, with some support from the new jobs support scheme announced by UK Finance
People wait to visit a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Wany Ying | Xinhua News Agency | Getty Images Exceptional demand for both new and existing homes, brought on by the stay-at-home culture of the coronavirus pandemic, has the housing market severely depleted.
A customer carries a to-go bag outside a Darden Restaurants Inc. Olive Garden restaurant in Clarksville, Indiana, U.S., on Thursday, March 5, 2020. Luke Sharrett | Bloomberg | Getty Images Darden Restaurants on Thursday reported that its revenue fell by more than 28% in its fiscal first quarter as the company’s business slowly recovers from
NASDAQ index fell -3.07% yesterday The US stocks are opening lower with the NASDAQ leading the way again. Recall from yesterday, the tech heavy NASDAQ index fell by -3.07%. The S&P index fell by -2.37%A snapshot of the market currently shows: S&P index -0.25% NASDAQ index -0.42% Dow industrial average -0.21% The S&P and NASDAQ are down for the 6
USD/JPY turned positive for the fourth consecutive session and shot to fresh one-week tops. Coronavirus jitters, worries of an economic slowdown continued benefitting the greenback. The risk-off mood underpinned the safe-haven JPY and capped any further gains for the pair. The USD/JPY pair edged higher during the early North American session and was last seen
UK finance minister, Rishi Sunak, to speak later today He will also be speaking in parliament later in the day as he will deliver a statement on the economy, which should encompass his plans on the new wage support scheme: The pound is finding some bids on the session currently, with cable pushing to fresh