Stock futures rise as investors shake off a continued spike in coronavirus cases
A pedestrian passes in front of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, June 3, 2020. Michael Nagle | Bloomberg | Getty Images Stock futures rose in overnight trading on Sunday as investors looked past...
Macaskill on markets: Deutsche Bank veterans at SoftBank give Germany Inc another kick with Wirecard trade
An unusual investment in stricken German digital payments firm Wirecard that was structured last year by executives at SoftBank’s Vision Fund helped the company to fend off doubts about its viability for over 12 months, until an apparent €1.9 billion...
Weekly Report: Coronavirus Drove Markets, Second Wave Concern Offset by Treatment Optimism
Development of coronavirus pandemic was the main driver in rather dull markets last week. Just when it looked like risk-off was back on second wave of infections, markets were saved by news from Gilead Sciences regarding the test results on...
He lived in his car for months after unemployment benefits stalled. Then came a cancer diagnosis
Carlos McArthur, a resident of Syracuse, New York, lost his job with a medical transportation company in March. He lived in his car for more than two months while waiting for his unemployment benefits to arrive. Carlos McArthur is one...
Weekly Economic and Financial Commentary: Can the Economic Rebound Outrun the Rise in COVID-19?
U.S. Review With Little Economic News, Investors Focus on the Virus The ISM non-manufacturing index jumped 11.7 points to 57.1, reflecting the broadening re-opening of the economy. Mortgage applications for the purchase of a home rose 5.3% and are now...
FX Survey 2020: Results Index
COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: SContreras@Euromoney.com By: Published on: Thursday, June 25, 2020 Euromoney magazine has released the results of its 42nd annual foreign exchange ranking, the most comprehensive quantitative and qualitative annual study available...
The Weekly Bottom Line: Rising COVID-19 Cases Weigh On Economy
U.S. Highlights Financial markets brushed off the record-breaking rise in COVID-19 cases, moving higher from close last week. If cases continue to rise at this break-neck speed, state authorities may have no other option but to shut down parts of...
Forward Guidance: Early Economy Bounce Back to Fade into Gradual Recovery
Positive indicators continue to pile up for the early days of the recovery but that’s not to say the economic backdrop is anywhere close to strong. The latest bright spot is the almost 1 million increase in employment in June....
Week Ahead: Bank Earnings to Battle with COVID-19 for Traders’ Attention
There are no two ways about it: The week after the US had its annual Independence Day celebration was an ugly one for the country’s fight against COVID-19. The world’s largest economy reported record-high infection figures in excess of 60,000...
USD/JPY closes the week under pressure
It was a relatively quiet U.S. trading session in the Forex market on Friday. The US Dollar was mixed against all of its major pairs on Friday. On the economic data front, the Producer Price Index Final Demand unexpectedly fell...
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