A string of economic indicators on Monday showed investors becoming more confident about the ongoing economic recovery, ignoring fears that new spikes from the coronavirus pandemic across the continent could demand a return to shares as total lockdowns. – The sentiment of investors, calculated by the German Sentix group, rose …
Read More »European equities stand after Trump unilaterally expands unemployment benefits
US President Donald Trump signs executive orders to boost economic relief from coronavirus, during a news conference in Bedminster, New Jersey, on August 8, 2020. jim watson / Agence France-Presse / Getty Images European stocks rose on Monday, fueled by a move by US President Donald Trump to extend unilateral …
Read More »Why global investors can not ignore Turkey’s latest counterfeiters
Investors outside Turkey should pay attention to the recent rise in its currency to a very low against the US dollar, as the country burns through its foreign exchange reserves, analysts said. One US dollar raised as much as 7.37 lira USDTRY, -0.00% earlier Friday, according to FactSet, a record …
Read More »Consumer spending jumps 5.6% in June, but recovery already appears to be slowing
The numbers: Americans increased spending on a variety of goods and services in June as more people returned to work and massive infusions of government aid flowed through the economy, but progress appears to have slowed lately after a recent surge in coronavirus cases. Personal spending rose 5.6% in June, …
Read More »Stocks drop sharply, drop nearly 500 points after grim jobless claims, worst GDP reading ever recorded
US stocks traded lower on Thursday, chased by economic reports that showed the sharpest decline in GDP recorded in the second quarter and a weekly report of jobless claims suggesting that the rebound of the pandemic is losing steam. amid a further increase in COVID-19 cases. Lack of progress in …
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