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The price of nickel reached on Monday its highest level since August amid encouraging news about trade negotiations between the United States and China, as well as due to the fact that Chinese steelmakers are constantly increasing the demand for this metal. The US-China trade agreement is expected to be signed at the end of this month. By 17:20 Moscow time on Monday, nickel went up by 1.1%. Its cost reached 13 thousand 230 dollars per ton. Earlier during trading on the LME, the price rose to a maximum from August 30 level of 13,405 dollars per ton. Nickel this year shows the best dynamics among all metals traded on the LME. Its price since the beginning of the year increased by 24%.
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
The euro steadied at four-month highs on the dollar after investors pinned hopes on the EU economic rescue fund as European leaders are expected to break a deadlock and agree on a deal. EU leaders had differing stands on the proposed 750 billion ...
The euro hit a four-month peak against the dollar on Wednesday on hopes that the European Union would implement economic stimulus and deeper fiscal integration to support the economy amid the pandemic. The euro rose to $1.1423, its highest ...
On Monday, world shares edged towards a five-month high and the U.S. dollar decreased in late trading as investors anticipated that the earnings season would see most companies beat revenue forecasts in light of the lifted coronavirus restrictions. The ...
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