European stocks were mostly withdrawn on Friday morning as European Union leaders prepare to discuss a deal on the bloc’s key coronavirus recovery package, while US cases continue to skyrocket. After a cautiously optimistic open, the pan-European Stoxx 600 slipped 0.2% below the flat line for about an hour in …
Read More »Treasury gives in to progress of coronavirus vaccine, economic data
US government debt prices were slightly higher on Thursday morning due to concern over rising coronavirus cases in the United States and tensions between the US and China dampened optimism stemming from of progress towards a vaccine. At around 2 am ET, the benchmark 10-year Treasury yield was 0.6250% lower …
Read More »Singapore central bank MAS says there are no ‘significant’ cash flows from Hong Kong
Hong Kong police raise the blue flag warning protesters, the press and pedestrians to disperse during protests against Beijing’s proposed national security law in the Causeway Bay district of Hong Kong. Tommy Walker | NurPhoto via Getty Images There has been no “significant” flow of money and commercial activity from …
Read More »European markets watch coronavirus spike weigh on sentiment
European stocks fell back on Tuesday when a surge in coronavirus cases began to weigh on global market sentiment. The pan-European Stoxx 600 fell 1.1% in the early afternoon, with tech stocks losing 3.1% to lead losses, while telecommunications resisted the trend of adding 1.2%. European markets follow their global …
Read More »South Africa Reintroduces Alcohol Ban As Coronavirus Cases Increase
South African President Cyril Ramaphosa addresses the crowd gathered at Miki Yili Stadium, ahead of the celebrations for the 25th anniversary of Freedom Day, in Makhanda, Eastern Cape Province, on April 27, 2019. MICHELE SPATARI | AFP | fake pictures South Africa has reintroduced a ban on alcohol sales and …
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