The Asian actions were mostly on Tuesday due to rising hopes of an effective vaccine to combat the coronavirus pandemic. Scientists at Oxford University reported that their experimental coronavirus vaccine elicited a protective immune response in hundreds of people who received the vaccine in an early trial. Other projects are …
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Asian stock markets were mostly on Friday after Wall Street closed lower amid uncertainty about the US economic outlook. Overnight, the Wall Street benchmark S & P-500 index lost 0.3% after reports including one showing more layoffs. “This may indicate nothing more than a brief pause for repositioning, or a …
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The strong monetary policy response of the European Central Bank to the coronavirus pandemic and the prospect of a fiscal union have eliminated historical tail risks for the euro currency, according to Sam Zief, global head of currency strategy at JPMorgan Private Bank. JPMorgan has recently updated its common currency …
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China is unlikely to use its currency aggressively as a tool against the United States, even if tensions continue to rise between the two economic giants, chief economist at Morgan Stanley told CNBC. “I think another trend is emerging … China does not want its currency to be so volatile, …
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S Shares fell in Asia on Thursday as investors reflected on figures showing China’s economy returned to growth in the last quarter. The Shanghai SHCOMP Composite Index, -4.49% led the falls on Thursday, falling 4.2% to 3,262.41. Benchmarks also fell in Tokyo, Hong Kong, and Sydney. News that China’s economy …
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