Thu, April 25, 2024

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Brazil

Unemployment in Brazil, Chile, and Colombia

Millions of people around the world lost their jobs over the past several months. Unfortunately, people are struggling to meet ends meet in many countries. However, some Latin American countries have to deal with numerous problems. Unemployment was a major problem even before the coronavirus pandemic. However, the pandemic created additional problems for the countries …

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The U.S. dollar, euro and sterling

The U.S. dollar lowered. What about the Euro and Sterling?

The U.S. dollar struggled against more sensitive currencies on Thursday due to positive U.S. and European economic data. However, worries about the pandemic halted more aggressive risk-taking ahead of upcoming U.S. jobs figures. The greenback lowered marginally against a basket of currencies, tracking toward its worst week in a month, with a 0.4% fall. But …

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Aussie, kiwi, dollar

Aussie and Kiwi lowered. What about U.S. dollar and Euro?

The riskier currencies declined on Wednesday. The Australian and New Zealand dollars plummeted down in overnight trading. However, they rebounded soon, last trading versus the greenback at 0.6908 and at 0.6458, respectively. The Norwegian crown soared by nearly 0.3% against the Euro to a one-week high of 10.7785. Meanwhile, the Swedish crown traded flat after …

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Fed, Pfizer and coronavirus vaccine

Pharmaceutical Giant Pfizer and Coronavirus Vaccine

The U.S. based pharmaceutical giant Pfizer, in cooperation with German drugmaker BioNTech, is working on a coronavirus vaccine. Interestingly, the experimental vaccine developed by Pfizer and BioNTech contains genetic material called messenger RNA or mRNA. As a reminder, the mRNA is a genetic code that tells cells what to build. However, Pfizer and BioNTech are …

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Wibest – IMF: Gold bars on top of gold nuggets.

Indian monsoon rains are favorable for gold

India has absorbed 18% more rain in June than the average in other years. The monsoon covered the entire country almost two weeks earlier than usual, according to sources from the Indian Meteorological Department.  Monsoons generate around 70% of India’s annual rainfall. They are the country’s lifeblood, stimulating agricultural production and driving rural spending on …

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Vaccine trial and stock market

Pfizer Shares Jumped on Wednesday Thanks to Positive Data

Pfizer released the data regarding the early-stage human trial of a coronavirus pandemic. Pfizer shares jumped 4% on July 1, after the company released this information. Interestingly, the trial evaluated 45 people. Each person who participated in this trial received 10, 30, or 100 microgram doses of the vaccine or a placebo. Based on the …

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Japanese yen increased

Japanese Yen surged forward. What about the Norwegian crown?

The Japanese yen gained for the first time in more than a week on Wednesday. Traders were cautious, waiting for key European and U.S. economic data. The yen increased by almost 0.3% to 107.635 versus the dollar. The dollar also jumped overnight before losing gains. Investors expect U.S. manufacturing data for June to show rebound …

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YouTube GB website home page

YouTube Suspends Shane Dawson’s Ads | Wibest Broker

Shane Dawson’s YouTube channels will not be able to earn advertising revenue for an indefinite period. This followed after some old videos on Dawson’s channels fell under scrutinization for featuring racist, anti-Semitic, and other offensive content.  Particularly in one video, Dawson made sexual comments about a then-11-year-old Willow Smith. This led to Jada Pinkett Smith …

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Chinese yuan rose while Japanese yen and Swiss franc fell

Chinese yuan rose while Japanese yen and Swiss franc fell

The Chinese yuan and the Australian dollar increased slightly after new data showed that China’s factory activity grew at a stronger pace in June. Specifically, the yuan climbed up by 0.1% to 7.072 per dollar in offshore trading on Tuesday. However, the Aussie soon pulled back and ended the session lower by 0.2% to $0.6854. …

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Stock markets on June 30

Official Manufacturing PMI, WHO, and Stocks

Based on the information provided by the country’s National Bureau of Statistics (NBS) China’s official manufacturing Purchasing Manager’s Index (PMI) for June came in at 50.9. Importantly, PMI readings above 50 signify expansion while below 50 indicates contraction. In May, the official manufacturing PMI was lower by 0.3 and was at 50.6. This information helped …

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U.S. dollar edged higher. How did other currencies fare?

U.S. dollar edged higher. How did other currencies fare?

The U.S. currency held on to modest gains on Tuesday. The dollar index was higher by 0.27% at 97.686 against a basket of currencies. Traders were torn between optimism about economic growth rebounding and concerns that a surge in new COVID-19 cases could jeopardize fast V-shaped recovery. U.S. home sales and Chinese factory’s recent data …

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