Market Overview - Page 162

Gold could test new highs again this year, according to David Lennox of Fat Prophets, who said he sees “a fairly big tick” ahead for prices of the precious metal. Gold prices have been mixed in so far this year..

The oil market maintains upward momentum despite apparent caution by players around the two-year highs. Brent is trading at $69.50, the area of this year’s peaks. Two years ago, in 2019, it failed to stay above $70 for long. So,.

Intel Corp’s CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines and is also being felt in other areas, including consumer electronics..

A strengthening world recovery from the Covid-19 pandemic risks leaving behind many regions, fueling inequalities across and within borders, the Organization for Economic Cooperation and Development said Monday. As the Paris-based group revised up its 2021 global growth forecast to.

Stocks in Europe struggled for direction along with U.S. futures on Monday after signs China’s economic recovery may be leveling out and as investors continue to weigh global inflation risks. The Stoxx Europe 600 index fluctuated in a narrow range,.

China announced on Monday that each couple would be permitted to have up to three children, a major policy shift from the existing limit of two children after recent data showed a dramatic decline in births in the world’s most.

The global economic outlook is improving as vaccine rollouts allow businesses to resume operations and as the United States pumps trillions of dollars into the world’s largest economy, the OECD said on Monday, nudging its forecasts higher. The global economy.

China has completed another major part of its own space station, the latest in a string of ambitious extraterrestrial projects from the world’s second-largest economy. The Long March 7 rocket carrying the Tianzhou-2 cargo spacecraft took off at 8:55 p.m..

The Eurozone consumer confidence index confirmed at -5.1 in May. This is the highest level since the end of 2018 and is amongst the top 20% of all-time highs since 1985. Against this background, it is not surprising to see.

Asian markets developed gains on Friday, supported by the Biden administration’s plans to push through a $6 trillion budget spending package for 2022. Japan’s Nikkei225 jumped 2.2%, while World stocks MSCI settled near all-time highs from earlier this month, as.

U.K. firms are more upbeat about the economy than at any time since 2016, buoyed by a further easing of coronavirus restrictions in May, according to a survey published Friday. A gauge of optimism rose five percentage points to 37.

Asian stocks put global equities on course for a seventh day of gains on Friday as investors bet the U.S. will lead the world out of the COVID-19 pandemic, with the focus turning to a multi-trillion dollar spending boost by.