Organization of Petroleum Exporting Countries (OPEC) and its allies led bu Russia, are meeting today to review compliance with oil cuts aimed at supporting oil prices during the coronavirus outbreak. OPEC+ meeting The group is unlikely to change its policy of...
Dollar in loss The British pound touched 1.32 against the dollar on Tuesday due to weakness in the US currency, but analysts remained wary of the sterling outlook as a new round of Brexit talks began. The dollar index fell to...
The fact that the United States, the world's largest economy, is experiencing the second wave of the novel Coronavirus outbreak puts downside risks on the agenda on economic activity. The decisions of the Federal Open Market Committee are followed...
The Trump administration announced on Monday that it will further increase restrictions aimed at narrowing Chinese communications giant Huawei’s access to commercially available chips. Huawei restrictions The actions by the US Department of Commerce are expanding the restrictions announced in May....
Over the course of the week ahead, an economic calendar filled with PMI and CPI data, updates from central banks, British trade negotiations, tensions in the Washington-Beijing line and the US Democratic Party National Convention stand out. Fed minutes Minutes from...
China’s retail sales slipped in July. Chinese data The most recent data released Friday showed that consumers in the second-largest economy of the world cannot get over their cautiousness about coronavirus as the factory sector is losing its recovery momentum. A series...
US Secretary of State Mike Pompeo said the executive orders signed by President Donald Trump against Chinese social media platforms such as TikTok and WeChat could expand to more Chinese companies. US-China tech war Although Pompeo did not speak in detail...
The novel coronavirus (Covid-19), which first identified in China's Wuhan and spread rapidly around the world, is the most important factor affecting global asset prices in 2020. Concerns in markets, especially with the global shock of the outbreak, and...
The UK economy contracted at a record 20.4% between April and June, when the government put in place strict anti-coronavirus measures. UK in recession According to official figures released Wednesday, this number represents the largest contraction reported by any major economy...
Investor sentiment in Germany increased more than expected in August. ZEW report A report released on Tuesday by the European Center for Economic Research (ZEW) based in Mannheim, Germany showed that hopes remained high that Europe’s largest economy is on the...

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