Financial news

26.01.2021 12:00:22

Oil falls as U.S. stimulus wrangles, surge in coronavirus cases hit sentiment

Oil prices dropped on Tuesday as fading hopes for a fast approval of new U.S. coronavirus stimulus and a surge in new COVID-19 cases raised doubts about demand recovery. Brent crude lost 0.5%, or 28 cents, at $55.60 per barrel. U.S. crude ...
26.01.2021 12:00:21

Dollar firms as investors hope Fed holds the line

The dollar steadied on Tuesday as a surge in COVID-19 infections and doubts over more U.S. stimulus hit the market’s upbeat mood. Traders were also cautious ahead of the Fed’s policy review later in the week. Bonds held onto gains ...
26.01.2021 11:00:16

Oil prices drop as coronavirus lockdown worries offset demand hopes

Oil prices fell for a second consecutive session on Monday as replaced COVID-19 restrictions raised new worries about global oil demand.  Brent crude futures for March delivery slid 0.1%, or 8 cents, at $55.38 per barrel. U.S. West Texas ...
26.01.2021 11:00:16

Dollar takes a breather on renewed coronavirus worries

The dollar steadied on Monday after a recent drop as new worries about the coronavirus pandemic and the global economy urged investors to cling on to the safe-haven currency. The dollar index was flat at 90.172. It rebounded on Friday after ...
26.01.2021 11:00:16

Asian shares seen cautious on surging COVID-19 cases

Asian share markets were seen subdued on Monday. Investors’ downbeat sentiment could be attributed to an increase in coronavirus cases and as pessimism grew over the ability of vaccine makers to provide the pledged doses on time. MSCI’s ...
26.01.2021 11:00:16

Global green bond issuance reached milestone peak in 2020

Global green bond issuance touched a historic high of $269.5 billion by the end of last year. More so, it is expected to hit a new record peak of around $400-$450 billion in 2021, a report released by the Climate Bonds Initiative (CBI) showed ...
26.01.2021 11:00:15

Asian shares ease on stimulus-driven concerns

Asian share markets reversed from high grounds to trade weakly on Tuesday. Investors’ dampened sentiment was brought by concerns about possible impasses that U.S. President Joe Biden’s $1.9 trillion stimulus package may encounter. ...
26.01.2021 11:00:15

China, New Zealand seal trade deal as Beijing aims for multilateral push

Supporting multilateralism and free trade pact, China and New Zealand scored a trade agreement on Tuesday. This trade pact opens the door for exports from the Pacific nation to the world's second-largest economy. Trade Minister Damien O’Connor ...
26.01.2021 11:00:15

Japan’s lower house to pass controversial third extra budget for 2021

The lower house of parliament of Japan is anticipated to pass on Tuesday the proposed third extra budget for this year. This is despite criticisms that the extra budget is focused on government tourism instead of prioritizing the health sector ...
22.01.2021 11:00:16

Oil slides as rising COVID-19 cases in China trigger lockdowns

Oil prices fell on Friday, dropping further from 11-month highs hit last week, weighed down by concerns that renewed COVID-19 lockdowns in China will affect fuel demand in the country. U.S. West Texas Intermediate crude futures eased 1%, or ...
22.01.2021 11:00:15

Dollar rebound fades as traders boost risk sentiment

The dollar was on course for its worst week of the year on Friday as traders cheered in the Biden administration. Investors supported risk assets and boosted bets that a pandemic recovery could push the dollar lower.  The dollar fell ...
22.01.2021 11:00:15

Asian shares ease from stimulus-driven rally

Asian share markets eased from milestone peaks on Friday. The weak session could be attributed to investors’ move of taking profits after President-elect Joe Biden’s $1.9 trillion worth of stimulus plan lifted sentiment. MSCI’s ...
22.01.2021 11:00:15

Japan’s consumer prices see historic decline in December

December had seen Japan’s core consumer prices decelerate at the fastest annual pace in a decade. The drop highly underscored worsening deflationary concerns that, in turn, brought in pressures for the central bank to reinforce its measures ...
22.01.2021 09:00:15

British retail sales post weak December growth

Britain’s retail sales data released on Friday showed weak growth in December as British retail outlets and shops resumed business operations coming off a four-week lockdown in November to help curb coronavirus spread. Meanwhile, public ...
22.01.2021 09:00:14

S&P, Nasdaq post fresh record highs on optimism about Biden stimulus plan

The S&P 500 and Nasdaq posted fresh record highs on Thursday hovered by optimism about more pandemic relief from the Biden administration to lift the virus-hit economy. The Nasdaq Composite improved its best record, advancing 73.67 points, ...
21.01.2021 07:00:23

Asian shares reach high grounds on Biden inauguration

Asian share markets recorded an upbeat performance on Thursday, tracking Wall Street's rally. The series of gains could be attributed to investors’ enthusiastic mood as the inauguration of U.S. President Joe Biden brought in hopes for ...
21.01.2021 07:00:22

Wall Street hits record high as Netflix soars, Biden inaugurated

Wall Street closed Wednesday trading on a high note, posting a new record high as Joe Biden was sworn in as the 46th U.S. president, while solid turnouts from Netflix mounted a rally in shares. Shares of Netflix spiked 16.85% after the world’s ...
21.01.2021 07:00:22

Blackrock to include Bitcoin as eligible investment to two funds

BlackRock Inc., a global investment manager and technology provider, is adding bitcoin futures as an eligible investment to two funds, according to a company filing. With this development, Bitcoin continues to expand its reach to the mainstream ...
20.01.2021 10:00:15

Dollar falls as hopes for U.S. stimulus boost sentiment

The dollar fell on Wednesday and the euro held on to gains as the sentiment improved amid big spending talk from U.S. Treasury Secretary nominee Janet Yellen. The euro rose from support around $1.2050, gaining nearly 0.4% overnight to hit ...
20.01.2021 07:00:26

Asian shares post a record high after Yellen calls for hefty fiscal relief plan

Asian shares skyrocketed on Wednesday, hitting a new record high as U.S. Treasury Secretary nominee Janet Yellen proposed a hefty fiscal relief package in light of lifting the pandemic-hit economy. MSCI’s Asia-Pacific index outside Japan ...
19.01.2021 13:00:16

Brent climbs as optimism over economy offsets demand fears

Brent crude futures rose on Tuesday as hopes that the government will support global economic recovery and oil demand offset worries about renewed lockdowns affecting fuel consumption. Brent crude futures for March delivery were up 0.3%, or ...
Something went wrong
Message: