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On Tuesday, the fall in prices for steel and iron ore hit record lows since March this year on the background of increased fears of the beginning of trade wars. In Shanghai, futures for steel reinforcement fell 4.3% at a record pace since March 29, Bloomberg reports. Prices for iron ore on the Dalian Exchange fell by 6.4%, noting the maximum drop since March 23. The cost of hot-rolled steel in Shanghai fell by 3.1%. On Monday, US President Donald Trump said he was ready to impose 10 percent duties on imported Chinese goods for another $200 billion.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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