Markets News

South Korea Economy Contracts 3.3% q-o-q in June, Enters Recession

The GDP of South Korea decreased 3.3% q-o-q in June, following a 1.3% drop in the earlier period, and worse…

4 years ago

Euro Hits 4-Month High after EU Reaches Landmark Agreement on Covid-19 Recovery Package

European stocks gained ground today after the EU leaders agreed to a landmark agreement on €750 billion Covid-19 recovery package…

4 years ago

Russian Ruble Turns Weak as Unemployment Rate Soars to Four Month High

The Russian ruble lost ground against the greenback Friday after the report of highest unemployment rate in four months. The…

4 years ago

Bank of Canada Leaves Interest rate Unchanged, QE Program to Continue

The Bank of Canada, following the monetary policy meeting, announced its decision to hold the interest rates unaltered at 0.25%,…

4 years ago

China Central Bank Increases Liquidity By CNY 50 Billion

The People Bank of China (PBoC) increased the liquidity in Chinese banking system by CNY 50 billion through reverse repos…

4 years ago

Dollar Records Biggest Weekly Loss in a Month as 10-Year Bond Yield Rises

The dollar index declined to 96.60 against a bouquet of currencies Friday, recording a 0.6% slump is a single week,…

4 years ago

Pound Rallies on Announcement of New Stimulus Measures

The pound hit 1.2560 against the dollar Wednesday, before drifting lower to reach 1.2530 as Chancellor Rishi Sunak gave additional…

4 years ago

Australia Job Advertisements Surges 42% m-o-m in June

The Aussie rallied against the greenback in the Asian session after the report of improvement in Melbourne Institute inflation data…

4 years ago

Saudi Non-Oil Private Sector Shrinks Again in May, while UAE Surprises with Growth

The slowdown in global economy continues to take a toll on oil rich economies in the Middle-East. According to IHS…

4 years ago

France Manufacturing Sector Records Fastest Growth Since February 2018

Following the release of positive economic data, the euro dollar rose against the greenback to trade at 1.1259 at the…

4 years ago