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 …
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 …
Pfizer Shares Jumped on Wednesday Thanks to Positive Data Read More »
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 …
Japanese Yen surged forward. What about the Norwegian crown? Read More »
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 …
YouTube Suspends Shane Dawson’s Ads | Wibest Broker Read More »
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. …
Chinese yuan rose while Japanese yen and Swiss franc fell Read More »
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 …
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 …
U.S. dollar edged higher. How did other currencies fare? Read More »
Stocks in the Asia Pacific strengthened their positions thanks to the information connected with China’s official manufacturing Purchasing Manager’s Index (PMI). Importantly, the country’s June manufacturing activity surpassed expectations. Mainland Chinese stocks saw gains on the day. The Shenzhen Component jumped 2.042% to approximately 11,992.35. At the same time, the Shanghai Composite added 0.78% to …
Chinese Stocks Benefited from the Manufacturing Activity Read More »
China has the second-largest economy in the world. This fact underlines the importance of the local economy. Moreover, the country continues to develop and it has the potential to achieve even bigger goals. However, the coronavirus pandemic which originated in Wuhan caused serious damage to the local as well as the global economy. Nevertheless, factory …
Factory Activity Expanded in June Despite Uncertainties Read More »
Oil prices rose around $1 a barrel on Monday after encouraging data in Asia and Europe. However, investors remain cautious about sharp increases because of new coronavirus infections globally. The Benchmark Brent rose 69 cents, or 1.68%, to $41.71 a barrel, while West Texas Intermediate in the United States (WTI) gained $1.21, or 3.14%, at …
Mixer co-founder, Matt Salsamendi, has said that Microsoft’s decision to shut down Mixer was right. In fact, the company has planned to partner with Facebook Gaming. However, he’s more concerned with the people who were reliant on Mixer. He also said that it’s a big deal for the community that streams every day or relies …
Microsoft to Shut Mixer and Partner with Facebook Gaming Read More »
The Euro rose by 0.2% to $1.1239 in Asia on Monday. According to experts, the currency may wrap up its best two months against the U.S. dollar in a year and a half. The hopes for an additional stimulus from a united EU and a fast regional recovery pushed the Euro ahead about 2.5% since …
European currencies rallied on Monday. What about Dollar? Read More »
Stocks fell on June 29 due to the problem connected with the coronavirus pandemic. As a reminder, cases continue to rise and this is bad news for the stocks. For example, in Japan Nikkei 225 fell 2.3% to close at 21,995.04 as shares of index heavyweight Fast Retailing and Softbank Group dropped more than 2% …
Stocks in Asia, Coronavirus Pandemic, and Investors Read More »
The U.S. dollar wavered on a rise on Monday. However, riskier currencies edged up as investor sentiment swung between hopes for global economic recovery and concerns that a fresh wave of coronavirus cases could undermine the reopening of businesses. The greenback tumbled down by 0.2% to 97.303 against a basket of currencies, retreating from a …
U.S. dollar fluctuated while Yen and Swiss Franc gained Read More »
People all over the world hear or read about the coronavirus on a daily basis. For the last couple of months, coronavirus pandemic became the main topic of discussion. Moreover, it is hard to say for how long this virus will continue to affect the global economy. Unfortunately, coronavirus cases continue to rise and this …
Stocks Fell as Coronavirus Cases Surpassed 10 Million Read More »
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