PBOC injects $ 14.6 billion into market to ensure liquidity
7 Sep 2020 12:13 PM |
The People's Bank of China announced on Monday that it has injected 100 billion yuan, or $14.6 billion, into the market to maintain liquidity amid the global economic crisis
China's General Administration of Customs reported on Monday that China's trade surplus narrowed to 416.6 billion yuan ($58.9 billion USD) in August, compared with 442.23 billion yuan ($62.33 billion) in July.
The German Federal Statistics Office has issued a provisional report stating that seasonally and price-adjusted new factory orders in Germany increased by 2.8% in July compared to June – when orders
Evans: still a long way to go before US economy recovers
4 Sep 2020 01:05 PM |
Chicago Federal Reserve Chairman Charles Evans indicated yesterday that much more needs to be done before the US economy returns to pre-pandemic growth levels.
US weekly unemployment claims down more than expected
3 Sep 2020 05:43 PM |
The number of Americans filing new claims for unemployment benefits decreased more than expected over the past week, but remained unusually high amid indications that the labour market’s recovery is losing steam as government support cuts off
Fears of declining global demand put pressure on oil prices
3 Sep 2020 05:39 PM |
Yesterday’s fall in oil prices continued during trading today, declining by more than 2% as concerns over falling gasoline demand in the US and the wider hit to global economic recovery from the pandemic.