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Company news

08.06.2020 16:01:10

Gold gains 2.6% post Friday's U.S. monthly jobs data release

On Friday, Gold Futures contract had dropped by 2.7% which had followed an improved monthly U.S. jobs data release. Global markets had gone risk-on with gold continuing to be a safe-haven asset. Monday last week saw the price going slightly ...

08.06.2020 13:01:10

German industrial production logs lowest record in April amid pandemic crisis

Germany took another step back to its road to economic recovery after it posted its lowest industrial production output in April amid the crisis of the coronavirus pandemic. Europe’s largest economy is up to another downhill trajectory ...

08.06.2020 13:01:10

Asian shares on three-month highs after surprise U.S. jobs recovery

Asian stocks rose on Monday after an unexpected increase in U.S. employment lifted hopes of a faster global recovery from the COVID-19 pandemic. The Asian-Pacific’s MSCI outside of Japan gained 0.23%, continuing to see highs for eight ...

08.06.2020 13:01:10

European share loses gain streak as tech, healthcare stocks drop

European shares turned from three-month highs on Monday after technology and healthcare stocks saw losses. The drop dented hopes of an economic recovery from the COVID-19 pandemic. The STOXX 600 index slipped 0.4% as investors retreated from ...

08.06.2020 11:01:06

World shares rally on unexpected U.S. job increase, oil steadies

Global shares advanced on Monday after an unexpected recovery in U.S. employment. This made investors optimistic that global economies could recuperate faster than previously thought. Oil prices fell flat after OPEC and its allies, including ...

08.06.2020 11:01:06

Japan prepares for sharpest economic downturn, virus crisis tests policy response

Japan’s economy braced for its sharpest postwar inactivity even as first-quarter gross domestic product fared better than initially speculated. This is mainly from the disruptions of the coronavirus crisis, halting global growth and ...

08.06.2020 11:01:06

Oil prices rise, but new output cut deal disappoints market

Oil prices rose on Monday, but big early gains were capped despite major crude producers’ decision to extend the output cuts to the end of July. Brent crude gained 1.2%, or 51 cents, at $42.81per barrel. U.S. West Texas Intermediate ...

08.06.2020 11:01:06

Dollar falls, kiwi gains on price rally

The dollar rose against a basket of currencies in overnight trading but slid in London trading. This came after Friday’s data on U.S. employment prompted a rally. A recovery in U.S. employment data showed signs of a faster economic revival. ...

05.06.2020 12:03:06

Euro firm, dollar weak as ECB expands stimulus

The euro firmed on Friday after the European Central Bank expanded its stimulus to shore up the economy from recession. The euro’s gains lifted risk appetite for Asian currencies and pushed the dollar index to an almost three-month low. ...

05.06.2020 12:03:06

NAB upgrades forecasts for Aussie and kiwi

Forex analysts revised their forecasts for the Australian and New Zealand dollars but were left behind the market that has already exceeded the one-year target. Aussie forecasts were raised to $0.6400 in a month, $0.6450 in three months, and ...

05.06.2020 11:01:15

Gap reports nearly $1 billion first-quarter loss amid the virus outbreak

On Thursday, Gap Inc. (GPS.N) recorded its first-quarter loss of nearly $1 billion as the retail clothing company was forced to shut its stores due to the coronavirus pandemic. Gap’s shares were down by 8% after the extended session. According ...

05.06.2020 11:01:15

Broadcom to report earnings and revenue expectations, suggests a delayed Apple iPhone launch this year

On Thursday, the semiconductor manufacturing company Broadcom Inc. (AVGO.O) posted its second-quarter revenue estimates worth $5.742 billion and suggests a delay on the Apple Inc.’s (AAPL.O) iPhone 12 launch on the first week of September ...

05.06.2020 11:01:14

Japan household spending drops historically on economic inactivity

April had seen Japan’s household spending dropping at its most rapid pace. The index fell as the novel coronavirus crisis halted travel and dining demand in the world’s third-biggest economy. More so, consumer sentiment dropped ...

05.06.2020 11:01:14

U.S. unemployment rate to advance by nearly 20% on virus-beaten jobs market

The U.S. unemployment rate is expected to soar by about 20% in May, surpassing the historic record monitored during World War Two.  The prediction is likely as millions of people suffer from joblessness, revealing the colossal damage ...

05.06.2020 10:00:55

Asian stocks mixed as U.S.-China tensions mount

Asian stocks were mixed earlier on Friday, slowing down its months-long rally since March. Hong Kong’s Hang Seng Index rose by 0.12% at 10:38 PM ET (3:38 AM GMT), taking back some lost ground from the previous session. China’s ...

05.06.2020 09:01:29

Oil prices fall amid uncertainty over OPEC+ output cuts

Oil prices fell earlier on Friday, losing a portion of its gains from the previous session. The decline comes amid uncertainty as to whether OPEC will extend its plan to cut output after the month of June. Brent oil futures slid by 0.50% to ...

04.06.2020 14:01:08

Warner Music Group launches the biggest IPO in the United States this year

The Warner Music Group Corp. (WMG.O) got off to a positive start on its Nasdaq debut on Wednesday. The world’s third-largest recording label sold shares worth $1.9-billion, marking the largest initial public offering in the United States ...

04.06.2020 14:01:08

Global smartphone shipments projected to fall by 12% this year amid the coronavirus pandemic

The International Data Corporation (IDC) announced on Wednesday that worldwide smartphone shipments are expected to fall by 12% to 1.2 billion units this year because of low consumer spending due to economic crisis amid the coronavirus outbreak. “What ...

04.06.2020 14:01:08

UK car sales rise by 90% below normal in May: SMMT

New car sales in the UK rose in May after it had plummeted in the previous month to a record low since 1946. However, it still remained 90% below the number of sales for May in the previous year according to figures shown by the Society of ...

04.06.2020 14:01:08

Gold prices fall as U.S.-China tensions mount

Gold fell earlier on Thursday in Asia, losing a portion of its earlier gains amid escalating tensions between China and the United States. Investors flocked to the yellow metal on Wednesday after the U.S. suspended flights by Chinese airlines ...

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