Search Results for: coronavirus pandemic
Gold price rises above $2,000 for first time
August 6th, 2020
Gold has topped $2,000 (£1,527) an ounce for the first time as traders look for havens amid the pandemic. Investors have moved cash into the precious metal as Covid-19 cases rise in the US and more money is pumped ...
Europe Bails Out Its Failed States with “Common” (i.e., German) Bonds
July 22nd, 2020
The “European Project” was designed with something like the current crisis in mind. The adoption of a common currency was just the first, politically easiest, step in a process that would eventually – its architects hoped – culminate ...
European stocks rose on Monday
July 13th, 2020
European stocks rose on Monday, as optimism surrounding second-quarter earnings offset a disturbing rise in coronavirus cases, including in the key U.S. state of Florida. After edging up 0.4% last week, the Stoxx Europe 600 gained 0.6%. The German ...
The dollar slipped on Monday; The Australian dollar led modest gains in Asia
June 22nd, 2020
The dollar slipped on Monday in a choppy session as investors tried to navigate their way through an unsettling rise in coronavirus infections and weigh whether it would delay an economic recovery. The Australian dollar led modest gains in ...
European shares jumped on Tuesday
June 16th, 2020
European shares jumped on Tuesday as sentiment was lifted by the launch of the U.S. Federal Reserve’s corporate bond buying programme and concerns about a second wave of global coronavirus infections eased. The Fed is set to start purchasing ...
Statistics, lies and the reservoir effect
June 4th, 2020
This article debunks the misconception that GDP represents economic health. It explains how monetary flows have led to markets in financial assets inflating while non-financials in the GDP bucket are in deep distress. And why, at a time of ...
UPDATE: Emerging market currencies and Latam stocks
June 4th, 2020
Brazil’s real surged on Wednesday after industrial output in the country fell less than expected, while Latin American stocks surged as major global economies were seen recovering from the coronavirus’ economic rout. The real rose 2.4% to a near ...
The dollar rises against major currencies and riskier emerging markets
March 30th, 2020
The dollar snapped a week of declines on Monday, rising against major currencies and riskier emerging markets as investors braced for a prolonged period of uncertainty while governments tightened lockdowns to fight the coronavirus. China’s offshore yuan fell after ...
The dollar slipped on Tuesday; The euro to dollar gained 0.8%
March 24th, 2020
The dollar slipped on Tuesday on signs tight funding conditions are easing slightly after the U.S. Federal Reserve pulled out all stops to supply much needed greenback liquidity. The Fed announced unlimited quantitative easing and programs to support credit ...
European stock index futures plunge as virus fears grow
March 18th, 2020
European stock index futures fell more than 5% on Wednesday as fears over the relentless global spread of the coronavirus overshadowed sweeping U.S. stimulus measures to support businesses and contain the economic damage from the pandemic. Euro Stoxx 50 ...
