Corriere della Sera reports with the headline This is very much expected as mentioned earlier here. The question now is will he be able to form a viable coalition to return back to the helm. Otherwise, fresh elections certainly isn’t out of the realm of possibilities at this stage. For bank trade ideas, check out
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The Beijing-based securities analyst would normally be preparing to drive to her hometown of Baoding in Hebei province, about two hours away by car, to spend time with her parents. But this year she’s decided to follow the advice of her daughter’s elementary school that children not leave the Chinese capital over the holidays. “I
Crude oil prices consolidate narrowly around 11-month high. After rebounding about 20% from the March low, upside momentum appears fading. Traders are increasingly concerned about the demand outlook which could be hurt by resurgence in coronavirus cases in China. The Chinese government reported 793 new cases last week, compared with below 300 two weeks ago.
Gold (XAU/USD) has erased early gains and turns south on Tuesday, as the haven demand for the US dollar is back on the rise amid escalating American-Sino tensions. Strains between the world’s two biggest economies resurfaced over the South China Sea issue after a US carrier group entered the disputed waters last week. Also, fading prospects
NASDAQ index close higher. Down industrial average has a modest decline The US stocks are closing mixed with the NASDAQ index leading the way to the upside. The Dow industrial average fell modestly but closed near the day’s highs. The S&P was in between although it too closed near session highs. The NASDAQ index closed at
The recovery in exports played a big role in the improvement. Construction too, +6.5% q/q For 2020 as a whole economic growth in the country contracted by 1% though, the worst performance since 1998. Down just 1% is a result many economies will be envious of. For bank trade ideas, check out eFX Plus
After dropping 27% over three days, Ether (ETH) price finally reached a bottom at $1,040 on Jan. 22. The sharp correction liquidated $600 billion worth of future contracts but interestingly, Ether price rebounded to a new all-time high even as Bitcoin price continues to trade in a slight downtrend. According to Cointelegraph, the increasing TVL
Oil prices held steady on Monday, pressured by falling stock indexes, but optimism around U.S. stimulus plans and some supply concerns buoyed futures. Brent crude futures remained unchanged at $55.41 a barrel by 11:21 a.m. EST (1621 GMT). U.S. West Texas Intermediate crude fell 13 cents to $52.14 a barrel. Major U.S. stock indexes fell,
As European stocks turned south after initial trading, US futures also also dragged down. Overall market sentiments turned mixed after a bright start in Asia. Dollar is recovering mildly but commodity currencies remain the strongest one so far, as led by New Zealand Dollar. There is apparently some pressure on European majors after German Ifo
British Health Secretary Matt Hancock said on Monday that they are observing some early signs suggesting that the actions they have taken so far are working, as reported by Reuters. Additional takeaways “The vaccine supply is tight.” “Health service can deliver every vaccine made available to it.” “This is not a moment to ease up.”
GBP/USD falls from a high of 1.3723 earlier to 1.3668 currently The dollar regaining some poise during the session is pushing cable to fresh lows on the session and notably, testing key near-term levels once again. The drop after failing to hold yet another break above 1.3700 – at least for a comfortable enough period
EU said to hold a virtual meeting with AstraZeneca later at 1130 GMT From Sky News’ correspondent, Adam Parsons: European Union members states will hold a virtual meeting with AstraZeneca at 1230 Brussels time (1130 UK) to express their anger over delays. EU is clear that it provided money so production capacity could have been
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NEW DELHI: Gold futures in the domestic market traded flat in the morning trade on Monday after witnessing profit booking in the previous session, as hopes of a massive stimulus bolstered the prospects for precious metals. The Joe Biden administration and Democratic and Republican lawmakers discussing a new $1.9 trillion coronavirus relief package agreed on
It’s the same old story as Asian markets open in risk-on mode. Commodity currencies strengthen broadly, but led by New Zealand Dollar this time. On the other hand, Swiss Franc, Yen and Dollar are the weaker ones, while Euro and Sterling are mixed. Trading could be subdued today with a thin economic calendar. ECB President