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The minutes of the September meeting of the European Central Bank, published on Thursday, showed that the regulator did not intend to change its monetary policy, despite the risks associated with tensions in world trade, which could cause a further slowdown in eurozone GDP growth, Reuters wrote. According to the ECB, these risks remain balanced. The eurozone economy remains stable, which suggests that the risks of its recession will be mitigated. According to the ECB chief economist, Peter Praet, stable indicators indicate the sustainability of economic activity.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
Asian shares declined on Monday as oil and copper ran weakly. This followed after an upsurge in global coronavirus cases overshadowed markets, while investors waited for the European zone and the United States to implement fiscal stimulus ...
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