US, European Markets Stumble on Economic Predictions
U.S. stocks and financial markets posted losses Tuesday amid predictions of slow economic recovery. Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell testified before the Senate Banking, Housing and Urban Affairs committee earlier Tuesday about the results of the $2.2 trillion federal stimulus package. Powell said the U.S. economy could take until the […]
Iranian currency rates for May 18
The Central Bank of Iran (CBI) has announced the official rate of foreign currencies on May 18, Trend reports referring to CBI. According to the currency exchange rate of the Central Bank of Iran, 28 currencies have increased and 8 have decreased compared to May 16. According to CBI, $1 equals 42,000 Iranian rials and 1 euro […]
Asian, European Markets Begin Week with Significant Gains
Asian markets are on the rise Monday as more and more nations continue to slowly emerge from the lockdowns imposed to halt the coronavirus pandemic. Tokyo’s Nikkei index closed 0.4% higher, despite news earlier in the day that Japan had technically fallen into recession for the first time since 2010 after two straight quarters of […]
US Stocks Surge on Promising Coronavirus Vaccine Test; World Markets Post Gains
U.S. stocks surged Monday after biotechnology company Moderna Inc. said its initial tests for a possible coronavirus vaccine produced favorable results from a small sample of people. Stock for Moderna, which is based in the eastern U.S. state of Massachusetts, gained more than 20% to $80.17 a share after the company announced its Phase 1 […]
Europe, Asia Continue Wary Re-Opening
Spain’s two largest cities remain in coronavirus related lockdowns Sunday as the rest of the country begins slowly reopening. Spain, which currently has recorded the fourth-highest death toll due to the coronavirus in the world, reported a death toll of under 100 people Sunday – the lowest recorded since its lockdown began in mid-March. Italy […]
COVID Pandemic Weakens National Economies as Countries Continue to Reopen
The coronavirus pandemic continues to take a toll on national economies, with Germany among its latest victims. The pandemic pushed the European economic powerhouse into a recession in the first quarter, as its economy shrank by 2.2 percent. Germany’s federal statistics agency said Friday the economy’s decline over the last quarter in 2019 was “the […]
European Markets Begin Week in Positive Territory
European markets are beginning the week on a high note, with all three major indexes making gains in early trading Monday. The FTSE in London and the DAX in Frankfurt are both 0.4% higher, while the CAC-40 in Paris is down slightly at 0.2%. The trading day began with significant gains in Asia, led by […]
Global Markets Mixed on Thursday
Global markets were mixed Thursday, with Asian indexes struggling despite good economic news from China. Japan’s Nikkei index closed 0.2 percent higher, while the TSEC 50 in Taipei finished 0.6 percent higher. The indexes in Hong Kong, Shanghai and Sydney were all in negative territory, with investors apparently unmoved by Beijing’s announcement that exports rose […]
Asian Markets Make Gains Tuesday
Asian markets are trading higher Tuesday. Sydney’s S&P/ASX index was up 1.4% in midday trading, while the Hang Seng index in Hong Kong was 0.7% higher and Taiwan’s TSEC 50 was 0.5% higher. Seoul’s KOSPI index had lost 2.6%. The markets in Tokyo and Shanghai remained closed Tuesday. Tuesday’s modest gains in Asia are a […]