The U.S. dollar gained against most of its rivals on Tuesday, extending recent upside, as risk sentiment improved after several countries across the world started to reopen businesses gradually.
Gold prices drifted lower on Tuesday, after moving higher in the previous two sessions, as riskier assets such as equities climbed up amid reports several countries across the world have eased lockdown restrictions.
Germany's top court on Tuesday ruled against the European Central Bank's bond purchases and gave the bank three months to explain how the scheme can be justified.
A report released by the Institute for Supply Management on Tuesday showed U.S. service sector activity contracted for the first time since December of 2009 in the month of April. The ISM said its non-manufacturing index tumbled to 41.8 in April from 52.5 in March, with a reading below 50 indicating a contraction in service sector activity.
Indonesia's economic growth eased more than expected in the first quarter as the coronavirus, or Covid-19, outbreak weighed heavily on consumption, investment and tourism, official data showed Tuesday. Gross domestic product climbed 2.97 percent on a yearly basis in the first quarter, much slower than the 4.97 percent expansion seen in the fourth quarter.
Australia's central bank maintained its interest rate and the target yield on three-year government bonds as economy experiences severe downturn after measures taken to stem the spread of coronavirus, or Covid-19. At the monetary policy meeting on Tuesday, the Reserve Bank of Australia board kept its interest rate at a record low 0.25 percent.
Final Purchasing Managers' survey data from the UK is due on Tuesday, headlining a light day for the European economic news. At 1.45 am ET, Switzerland's State Secretariat for Economic Affairs releases final consumer confidence survey data. According to initial estimate, the confidence index fell to -40 in April from -9.4 in January.
The U.S. dollar exhibited weakness against its peers on Thursday, reacting to data on private sector employment for the month of April, and unemployment claims in the week ended May 1.
The Bank of England maintained its key interest rate at a record low and refrained from unveiling additional quantitative easing, on Thursday, as the economic outlook remains uncertain due to the impact of the coronavirus, or Covid-19, pandemic. However, Governor Andrew Bailey kept the door open for further easing as the economy is set to contract the most in more than 300 years due to the lockdo
The Philippine economy contracted for the first time since 1998 as coronavirus containment measures weighed heavily on investment and shipments, official data showed Thursday. Gross domestic product fell 0.2 percent on a yearly basis in the first quarter, in contrast to fourth quarter's revised 6.7 percent expansion, the Philippine Statistics Authority reported.
China's exports expanded in April despite the global outbreak of coronavirus, or covid-19, pandemic hurting global demand, data from the General Administration of Customs revealed Thursday. In dollar terms, exports grew 3.5 percent on a yearly basis in April, confounding expectations for a decline of 12.1 percent. Shipments had declined 6.6 percent in March.
The outcome of the monetary policy committee meeting of the Bank of England and the monetary policy report are due on Thursday, headlining a busy day for the European economic news. Policymakers are likely to unanimously vote to hold the benchmark interest rate at 0.10 percent and quantitative easing unchanged at GBP 645 billion.
South Korea posted a current account surplus of $6.23 billion in March, the Bank of Korea said on Thursday - down from $6.37 billion in February.
The total number of building permits issued in New Zealand in March tumbled a seasonally adjusted 21.3 percent on month in March, Statistics New Zealand said on Tuesday - standing at 2,904.
The U.S. dollar firmed up against its peers amid an escalation in tensions between the U.S. and China after US President Donald Trump and Secretary of State Mike Pompeo accused the Chinese government for the spread of the coronavirus and threatened to retaliate against China.
The U.S. dollar recovered a bit Friday morning after data showed a slightly smaller than expected drop in U.S. employment in the month of April, although the fall was quite steep and the biggest in several decades.
President Donald Trump has signed an executive order that requires meat processing plants in the country to remain open to ensure the continued supply of products like beef, pork, and poultry to the public. Signing the order Tuesday, Trump said, "We're working very hard to make sure our food supply chain is sound and plentiful." U.S. meat processing plants had become COVID hotspots, where more t
Former President Barack Obama has endorsed Joe Biden as the Democrat candidate for president. In a 12 minute long video message Tuesday, Obama said his former vice-president could unify and heal the United States as it passes through some of its darkest moments. "I'm so proud to endorse Joe Biden to be president of the United States," Obama said. "Choosing Joe to be my vice president was one of
The Trump administration is preparing to wind down within weeks the White House taskforce that was formed to deal with the coronavirus pandemic in the country. This was announced by Vice President Mike Pence at a news conference Tuesday. He told reporters, "A reflection of the tremendous progress we've made as a country", the Trump administration was "starting to look at the Memorial Day [late Ma
President Donald Trump announced his intention to suspend immigration into the United States concerned over the coronavirus pandemic. In a Twitter post late Monday, the President said he will sign an order halting all immigration to protect jobs as coronavirus spreads. "In light of the attack from the Invisible Enemy, as well as the need to protect the jobs of our GREAT American Citizens, I will
President Donald Trump announced that the Government was finalising a plan to reopen the U.S. economy, which has been paralyzed due to stay-at-home orders intended to prevent the spread of the coronavirus. The social distancing guidelines that the Trump administration announced expire on April 30. At his routine news conference Monday, Trump said he remains determined to reopen the U.S. for bus
Within a week of pulling out of the race for Democratic party ticket for presidential election, Senator Bernie Sanders endorsed his former rival Joe Biden's campaign to take on Donald Trump in November's election. In a joint split screen appearance with Biden, Sanders said, "Today I am asking all Americans - I'm asking every Democrat, I'm asking every independent, I'm asking a lot of Republicans
After more than six weeks of lock down, California Governor Gavin Newsom announced that the state is partially reopening for business. "Based off our progress, we'll begin to gradually move into Stage 2 this Friday," Newsom said at his daily news conference. "Some sectors where there's a lower risk of transmission will be able to adapt and re-open with modifications," he added. This will include
President Donald Trump voiced his disagreement with the Governor of Georgia's plan to reopen some of the state's businesses, saying it was "just too soon" to ease the lockdown. During his routine White House news conference on Wednesday, Trump said Governor Brian Kemp's decision to reopen bowling alleys, hair and beauty salons, tattoo parlors and other businesses on Friday is in violation of the federal guidelines he issued last week.
President Donald Trump said he will announce Thursday new guidelines on easing coronavirus restrictions in the country. The move, aimed to help reopen the ailing U.S. economy, is on the basis of his consultations with governors and business leaders. According to him, the United States has passed the peak of new coronavirus cases and predicted some states would reopen this month. "The data sugg
At a White House news conference on Wednesday, President Donald Trump described the coronavirus pandemic as the "worst attack" ever on the United States. "This is worse than Pearl Harbor, this is worse than the World Trade Center. There's never been an attack like this," he told reporters. Trump repeated pointing finger at China over the killer disease's global spread. "And it should have never
House speaker Nancy Pelosi has endorsed Joe Biden as the Democratic nominee for president. "Today, I am proud to endorse Joe Biden for President of the United States because he will be an extraordinary President. He knows how to get the job done," Pelosi said in a video statement on Sunday. She described the former vice president as "a leader with the humility to seek expertise and science, and the confidence to act upon it."
British Prime Minister Boris Johnson has returned to work after recovering from coronavirus infection. Johnson was tested positive for coronavirus with mild symptoms on March 27. He was admitted to St Thomas' Hospital in London after 10 days with persistent symptoms. He was moved to intensive care unit later as his symptoms worsened. He was discharged from the hospital on April 12 after spendin
British Prime Minister Boris Johnson was discharged from hospital on Sunday, when the country's coronavirus death toll passed a grim landmark of 10,000. Boris Johnson was tested positive for coronavirus with mild symptoms on March 27. He was admitted to St Thomas' Hospital in London after 10 days with "persistent symptoms" of coronavirus. He was moved to intensive care unit later as his symptoms
President Donald Trump expressed optimism that the United States will develop a vaccine to treat coornavirus by the end of the year. Trump made the prediction at a Fox News virtual town hall on Sunday, which is contrary to public health experts' assessment that it will take at least another year to make a breakthrough in anti-coronavirus vaccine development. "I think we're going to have a vaccin
President Donald Trump on Thursday announced new guidelines on easing coronavirus restrictions in the country. At a White House press conference, he presented the "Opening Up America Again" guidance, under which state governors are required to ease the lockdown in three phases, with each phase lasting at least 14 days. Trump made the announcement, which is aimed to help reopen the ailing U.S. e
Texas Governor Greg Abbott issued an executive order saying that in the state of Texas, no one can be put behind bars because they're not following an executive order. This was announced by the governor himself while speaking with reporters in the Oval Office after a meeting with President Donald Trump. The Republican Governor met with the President Thursday to discuss Texas' response to the co
Traders shrugged off a report showing a sharp contraction in U.S. economic activity, sending stocks sharply higher during trading on Wednesday. The major averages have all surged into positive territory after ending the previous session in the red.
Stocks showed a lack of direction over the course of the trading session on Wednesday before eventually ending the day mixed. The major averages finished the session on opposite sides of the unchanged line.
Following the advance seen in the previous session, stocks have shown a lack of direction over the course of the trading day on Wednesday. The major averages have spent the day bouncing back and forth across the unchanged line.
ADP's report on private-sector employment might be the major economic announcement on Wednesday. Closely watched Labor Department jobs report is scheduled on Friday.
Stocks moved mostly higher during trading on Tuesday, extending the rebound seen over the course of the previous session. With the upward move, the major averages further offset the pullback seen late last week.
After showing a strong move to the upside early in the session, stocks remain firmly positive in mid-day trading on Tuesday. With the upward move, the major averages are extending the rebound seen over the course of the previous session.
Following the rebound seen over the course of the previous session, stocks are seeing further upside in morning trading on Tuesday. The major averages have all climbed firmly into positive territory, further offsetting the pullback seen late last week.
Several countries are relaxing restrictions in the hope that the COVID-19 pandemic is tapering. The rally in U.S. shares has boosted the confidence of investors.
Stocks showed a notable move to the downside during trading on Thursday, giving back ground following the rally seen over the course of the previous session.
Stocks have moved mostly lower during trading on Thursday, giving back ground following the rally seen over the course of the previous session.
Total deaths due to coronavirus pandemic soared to more than 61,000 in the U.S. while total infections jumped to more than 1,065,000. The market sentiments are low, despite the announcement that Gilead Sciences Inc's antiviral drug remdesivir might become the standard of care for Covid-19.
Following the mixed performance seen in the previous session, stocks moved mostly higher during trading on Thursday. With the upward move on the day, the tech-heavy Nasdaq returned to positive territory for 2020.
After moving significantly higher early in the session, stocks have seen some further upside over the course of the trading day on Thursday. With the upward move on the day, the tech-heavy Nasdaq has turned positive for 2020.
Stocks have shown a strong move to the upside in morning trading on Thursday following the mixed performance seen in the previous session. The major averages have all climbed firmly into positive territory after ending Wednesday's trading on opposite sides of the unchanged line.
Following the mixed performance in the previous session, stocks are likely to move mostly higher in early trading on Thursday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 310 points.
Early cues from the U.S. Futures Index suggest that Wall Street might open moderately higher.
After coming under pressure early in the session, stocks showed a significant turnaround over the course of the trading day on Monday. The major averages all bounced well off their early lows and into positive territory.
Stocks have turned mixed over the course of the trading day on Monday after coming under pressure early in the session. While the Nasdaq has bounced into positive territory, the Dow and the S&P 500 have remained in the red.