European stocks fell on Friday as major economies braced for stricter lockdowns amidst plans for a $1.9 trillion U.S. stimulus package, reports Yahoo!finance. Britain’s FTSE 100 and German’s DAX opened 0.3% lower while France’s CAC 40 traded 0.5% lower. European stocks’ decline comes at a time most countries are struggling to contain the resurgent virus resulting in tighter … [Read more...] about European Markets take Hit on Lockdowns Despite $1.9 Trillion U.S Stimulus Plan
Forex News
Copper Price Rallied in 2020 – Can the Momentum Continue in 2021?
Copper price declined for the third consecutive day as investors reacted to the relatively weak manufacturing PMI data from China. It is trading at $3.5156, which is slightly lower than the 2020 high of $3.6415. Copper 2020 performance China manufacturing PMI Copper prices rallied by about 77% from the March 2020 low of $1.9732 to a yearly high of $3.615. This … [Read more...] about Copper Price Rallied in 2020 – Can the Momentum Continue in 2021?
U.S Jobless Claims hits 965,000, the Highest Weekly Level since August
U.S. first-time jobless claims for the week ending January 9 rose to 965,000, more than expected 800,000, according to the Department of Labor press release. The weekly total was higher than the previous week's 784,000 amid slowdowns in hiring due to pandemic restrictions. Continuing claims rose 199,000 to 5.27 million, the first time increase since late November.The total … [Read more...] about U.S Jobless Claims hits 965,000, the Highest Weekly Level since August
ECB Unanimous on Stimulus Need, But Yet to Agree on Extent
European Central Bank’s Governing Council differed on how much additional monetary stimulus was needed in last month’s meeting, according to Bloomberg. The council, nonetheless, agreed more aid was needed to preserve favorable financing conditions. Policymakers argued for smaller and larger increases in the pandemic bond-buying program and disputed the extent of loosening … [Read more...] about ECB Unanimous on Stimulus Need, But Yet to Agree on Extent
Donald Trump Becomes the First U.S President to be Impeached Twice
The U.S. Democratic-led House voted 232-197 to impeach President Donald Trump for the second time, according to Reuters. Trump became the first U.S. president to be impeached twice, even as 10 of his fellow Republicans also charged him of “incitement of insurrection.” The House passed a single article of impeachment against Trump following an incendiary speech a week before … [Read more...] about Donald Trump Becomes the First U.S President to be Impeached Twice
