Market Overview - Page 332

Hong Kong’s government downgraded its full-year economic forecast on Friday after a recent flare up in coronavirus cases threatened to further derail the city’s economy. The government now expects the city’s economy to shrink by between 6% and 8% in.

The markets returned to caution Friday, which can be explained by the frustration with new Chinese data, but also by the caution of investors after unsuccessful attempts to develop growth in certain markets. Overall, the recovery of the economy and.

First-time claims for unemployment insurance last week fell below 1 million for the first time since March 21 in a sign that the labor market is continuing its recovery from the coronavirus pandemic. The total claims of 963,000 for the.

The Turkish lira has depreciated rapidly since the turn of the year, recently notching its weakest ever level against the dollar, but analysts suggest the risks are still skewed to the downside. Only two years after its last currency crisis,.

For the first time in 21 weeks, the number of initial claims for benefits in the United States fell below 1 million, to 964K for the week ending August 8. The number of continued claims a week earlier decreased by.

S&P 500 Index futures edged lower with European stocks on Thursday as the global rally showed signs of faltering while stimulus talks in Washington remained deadlocked. The dollar fell before key unemployment data. Cisco Systems Inc. and Micron Technology Inc..

People living in London and those of Indian and Asian background are most likely to have been infected by coronavirus, a large study by Imperial College London published on Thursday said, adding that 6% of England’s population has been infected.

The dollar fell to its lowest in a week against a basket of currencies on Thursday, with analysts pointing to equity market resilience and stalemate over additional stimulus for the U.S. economy as reasons for its weakness. After losing 10%.

The U.S. and China will reportedly review the progress of their “phase one” trade deal later this week — roughly six months after the agreement came into effect. The deal paused a damaging trade war — involving retaliatory tariffs being.

Russia has effectively been working on its coronavirus vaccine for the past six years, according to the head of the country’s sovereign wealth fund, with a rollout expected before the end of the year. On Tuesday, Russia announced that it.

The International Energy Agency lowered its global oil demand forecasts for the first time in several months on Thursday, as the number of Covid-19 infections remains high and amid ongoing weakness in the aviation sector. In a closely-watched monthly report,.

Despite the very cautious growth of oil, the situation more and more resembles a compressed spring ready to shoot up at any moment to the area of $50 per barrel of American WTI and $53 per Brent. Despite some stoppages.