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Market Overview - Page 142


New Zealand was set to be the first advanced economy to hike rates. One Covid case put a stop to it
New Zealand was set to be the first advanced economy to hike rates. One Covid case put a stop to it.

New Zealand was widely expected to become the first advanced economy to raise interest rates, but the central bank left rates unchanged on Wednesday after one Covid case led the country to announce a nationwide lockdown a day earlier. The.

China calls for curbs on ‘excessive’ income and for the wealthy to give back more to society
China calls for curbs on ‘excessive’ income and for the wealthy to give back more to society.

Chinese President Xi Jinping emphasized at a finance and economic meeting Tuesday the need to support moderate wealth for all — or the idea of “common prosperity,” which analysts have said is behind the latest regulatory crackdown on tech companies..

U.S. Poised for Boosters; New Zealand in Lockdown
U.S. Poised for Boosters; New Zealand in Lockdown.

The U.S. government is poised to being offering booster shots as soon as next month, with the country facing a renewed wave of infections fueled by the highly transmissible delta variant. New Zealand, which has run a successful Covid elimination.

UK payrolls move closer to pre-pandemic level: ONS
UK payrolls move closer to pre-pandemic level: ONS.

The number of employees on British company payrolls rose by 182,000 in July from June, moving closer to their pre-pandemic level as the economy recovers from its coronavirus lockdowns, tax data showed on Tuesday. The Office for National Statistics said.

US retail sales drop more than expected, heightened market worry
US retail sales drop more than expected, heightened market worry.

A new batch of weak data has now come from the US retail sales. Over July, sales fell by 0.7%, more than the -0.2% expected. This data develops the idea that Americans have chosen to stay away from retail markets.

China may align itself with Taliban and try to exploit Afghanistan’s rare earth metals, analyst warns
China may align itself with Taliban and try to exploit Afghanistan’s rare earth metals, analyst warns.

Afghanistan is estimated to have trillions of dollars worth of rare earth metals, and countries — such as China — that may be looking to swoop in on the country must follow international terms, one analyst told CNBC. Shamaila Khan,.

Flights resume from Kabul airport as people scramble to leave Afghanistan
Flights resume from Kabul airport as people scramble to leave Afghanistan.

Evacuation flights resumed from Kabul’s international airport Tuesday after a frenzied and panic-filled day that saw thousands of Afghans swarm the tarmac, including some who fell off departing planes in desperate attempts to get out of Afghanistan. Images from Hamid.

Gold: climbing uphill only to plummet off a cliff
Gold: climbing uphill only to plummet off a cliff.

Gold added for the sixth consecutive trading session, showing persistent but very cautious gains. Sustained buying brought the price closer to 1800, almost recovering from a violent two-day sell-off after a strong NFP. Despite steady buying, downside risks still prevail.

Chaotic scenes at Kabul airport as Afghans and foreign nationals flee Taliban
Chaotic scenes at Kabul airport as Afghans and foreign nationals flee Taliban.

Thousands of Afghans have amassed on the tarmac at Kabul’s international airport in the hours following the Taliban’s breach of the city. The chaotic scenes at Hamid Karzai International Airport Monday captured by news crews and cell phones convey a.

Euro actively buying back against the Franc, Pound
Euro actively buying back against the Franc, Pound.

The EURCHF pair came to life last week, reversing upwards from eight-month lows at 1.07 for no reason, rising to 1.0840 for the week. It could well be another session of intervention by the Swiss National Bank, which has repeatedly.

China’s market has further room to fall
China’s market has further room to fall.

Asian markets remain under pressure on Friday, despite the highs of the US markets and a brisk strengthening of European indices. Hong Kong’s Hang Seng lost 0.5%, and the China A50 blue-chip index was down 0.2%. At the same time,.

U.K. Wages Rise With Post-Lockdown Scramble for Staff
U.K. Wages Rise With Post-Lockdown Scramble for Staff.

U.K. wages are rising as companies scramble to recruit workers to help them recover after the last coronavirus restrictions eased in July, a survey showed. The Recruitment & Employment Confederation, whose jobs report was one of the first to flag.

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