We still haven’t seen “the storm before the calm.” So says Alejandra Grindal, senior international economist at Ned Davis Research, despite the market’s run to record highs, reignited Tuesday by positive announcements around a Covid-19 vaccine. The U.K. began rolling out Pfizer and BioNTech’s vaccine to its citizens Tuesday, just as the U.S. Food and
Month: December 2020
Amid looming Sunday’s deadline to clinch a trade deal with the UK, the European Union (EU) member states have been warned not to entertain side deals with Britain, which would ease the consequences of a no-deal Brexit, the Financial Times reported Saturday, citing a diplomatic note. This comes after both the UK Prime Minister Boris Johnson
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UK FTSE 100 near unchanged for the week. Other indices lower The European shares are ending the week on a sour note with all the major indices lower. For the week, apart from the UK FTSE 100 which is near unchanged, the major indices all fell. The provisional closes are showing: German DAX, -1.37%. This was
Forex news for North American trading on December 11, 2020 No Brexit deal. No covid stimulus deal. London may have to go to Tier 3 restrictions as a result of increasing Covid cases. NYC will close all restaurants on Monday. The electoral college will be decided on Monday as the Pres (and some states) look to orchestrate a Supreme
Oil prices settled lower on Friday, as demand worries due to new coronavirus-related restrictions on business in New York overshadowed progress toward vaccination programs. Brent futures settled down 28 cents, or 0.6% at $49.97 a barrel. The contract rose above $51 a barrel on Thursday to an early-March high. U.S. West Texas Intermediate (WTI) crude
As promised, the ECB “recalibrated” the existing monetary policy measures at the December meeting. The aim is to ensure that the current level of stimulus remains in presence through to 2020. On the economic projections, the staff revised lower the GDP growth forecast for 2021 but higher for 2022. Inflation forecasts were downgraded quote significantly.
People line up to receive free holiday boxes of food from the Food Bank For New York City ahead of the Thanksgiving holiday, as the global outbreak of the coronavirus disease (COVID-19) continues, in the Harlem neighborhood of New York, U.S., November 16, 2020. Brendan McDermid | Reuters The surprise jump in new jobless claims
Safra Catz, co-chief executive officer of Oracle Corp., speaks during the SelectUSA Investment Summit in Oxon Hill, Maryland, U.S., on Monday, June 19, 2017. The SelectUSA Investment Summit brings together companies from all over the world, economic development organizations from every corner of the nation and other parties working to facilitate foreign direct investment (FDI)
The US Food and Drug Administration (FDA) announced the much-awaited authorization of Pfizer and BioNTech’s jointly developed coronavirus vaccine for emergency use (EUA) late Friday. This comes after the vaccine advisers to the US medical regulator voted 17 to 4 Thursday, recommending the approval of the vaccine for emergency use. Pfizer’s covid vaccine, which has shown 95%
Major indices decline for the week The shares of Disney rose by over 13% and boosted the Dow up by over hundred points alone. That was enough to lift the down to a near 50 point gain on the day. However, all the major indices had declines for the week with the S&P leading the
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A Canadian restaurant chain known for serving shawarma, hummus, and other Middle Eastern delicacies has dropped some serious truth bombs about why Bitcoin (BTC) is a better store of value than gold. In a series of tweets, Ontario-based Tahini’s Restaurants explained why Bitcoin — and not gold — is the best way to preserve one’s
Gold futures on Friday fell by 0.13 per cent to Rs 49,015 per 10 gram as participants offloaded their holdings on low spot demand. On the Multi Commodity Exchange, gold prices for February delivery declined by Rs 62, or 0.13 per cent, to Rs 49,015 per 10 gram in a business turnover of 11,849 lots.
Sterling’s selloff accelerates further today after leaders from both EU and UK admitted that their negotiations positions are still part. No-deal Brexit is now seen as the most likely scenario, and we should know very soon by the end of Sunday. Dollar and Yen recover mildly today, on mild risk-off mode ahead of the weekend.
Shoppers hold hands at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark Makela | Reuters Almost 40% of Americans plan to spend less on gifts this holiday season than they did last year, the largest such percentage since 2013, according to the CNBC All-America Economic Survey. Just 11% plan to
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