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POPULAR NEWS
Gold Ends Higher after U.S. Jobs Report, but Posts a Loss for The Week

Gold futures ended higher on Friday after a report on U.S. employment in March indicated that the damage from coronavirus related business shutdowns is already having a big impact on the labor market. For the week, however, prices posted a modest decline. "Gold's upside price bias has been restrained by the deflation scare running through financial markets, said Michael Kosares, founder of USAGOLD. June gold on Comex rose $8, or 0.5%, to settle at $1,645.70 an ounce. It tacked on 2.9% on...

Hong Kong Stocks Head Into Weekend With a Loss (Review)

Hong Kong shares finished Friday with losses, in line with an Asia-wide sell-off, after data showed a massive 6.7 million Americans last week applied for unemployment benefits as the coronavirus shatters the global economy. The Hang Seng Index fell 0.19 percent, or 43.95 points, to 23,236.11. The benchmark Shanghai Composite Index dropped 0.60 percent, or 16.65 points, to 2,763.99, and the Shenzhen Composite Index on China's second exchange fell 0.47 percent, or 7.98 points, to...

Wall Street Falls as Coronavirus Ends Record Job Growth

Wall Street's main indexes fell on Friday as the longest period of employment growth on record in the United States came to an abrupt end, with data showing that hundreds of thousands of people lost their jobs last month due to the coronavirus. The Labor Department's report confirmed that a recession was underway as business activity came to a standstill, but investors fear it did not reflect the full extent of the economic pain as the survey considered data until mid-March. With the S&P...

Global Coronavirus Death Toll Tops 50,000

The coronavirus pandemic has hit a grim milestone of 1 million confirmed cases. The count by Johns Hopkins University says more than one-fourth, or 236,000 of the cases, are in the United States. The worldwide death toll stands at 51,500. Italy reported the most fatalities with more than 13,000 and climbing daily. Around the globe, the impact of the coronavirus wreaked havoc on national and local governments trying to rush medical equipment to hospitals, along with workers who have been...

U.S. oil prices climb by nearly 32% for the week

Oil futures climbed on Friday, with U.S. prices tallying a weekly gain of almost 32%. Prices extended their Thursday rally on growing expectations that major oil producers will reach an agreement to significantly cut production levels as efforts to slow the spread of COVID-19 continues to hurt energy demand. May West Texas Intermediate oil rose $3.02, or 11.9%, to settle at $28.34 a barrel on the New York Mercantile Exchange. Prices for the front-month contract climbed about 31.8% for the...

Euro Steady After Trump's Sanctions Threat; Brexit Summit Eyed
Tuesday, 9 April 2019 15:28 WIB | CURRENCIES | EuroEuroDolar

The euro is still struggling for direction early Tuesday in Europe amid reports that the U.S. administration is preparing to impose fresh tariffs on European Union in response to what it perceives as unfair subsidies to aerospace giant Airbus.

The news is an unwelcome reminder that the settling of one trade war with China may simply free the U.S. up to launch another with its other major trading partner and commercial rival, posing a fresh threat to a world economy that is slowing down.

At 04:00 AM ET (08:00 GMT), the euro was at $1.1263, up 0.2% from late Monday in Europe.

The dollar index, which measures the greenback against a basket of six major currencies, was effectively unchanged at 96.572.

Source : Investing.com

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POPULAR NEWS
Gold Ends Higher after U.S. Jobs Report, but Posts a Loss for The Week

Gold futures ended higher on Friday after a report on U.S. employment in March indicated that the damage from coronavirus related business shutdowns is already having a big impact on the labor market. For the week, however, prices posted a modest decline. "Gold's upside price bias has been restrained by the deflation scare running through financial markets, said Michael Kosares, founder of USAGOLD. June gold on Comex rose $8, or 0.5%, to settle at $1,645.70 an ounce. It tacked on 2.9% on...

Hong Kong Stocks Head Into Weekend With a Loss (Review)

Hong Kong shares finished Friday with losses, in line with an Asia-wide sell-off, after data showed a massive 6.7 million Americans last week applied for unemployment benefits as the coronavirus shatters the global economy. The Hang Seng Index fell 0.19 percent, or 43.95 points, to 23,236.11. The benchmark Shanghai Composite Index dropped 0.60 percent, or 16.65 points, to 2,763.99, and the Shenzhen Composite Index on China's second exchange fell 0.47 percent, or 7.98 points, to...

Wall Street Falls as Coronavirus Ends Record Job Growth

Wall Street's main indexes fell on Friday as the longest period of employment growth on record in the United States came to an abrupt end, with data showing that hundreds of thousands of people lost their jobs last month due to the coronavirus. The Labor Department's report confirmed that a recession was underway as business activity came to a standstill, but investors fear it did not reflect the full extent of the economic pain as the survey considered data until mid-March. With the S&P...

Global Coronavirus Death Toll Tops 50,000

The coronavirus pandemic has hit a grim milestone of 1 million confirmed cases. The count by Johns Hopkins University says more than one-fourth, or 236,000 of the cases, are in the United States. The worldwide death toll stands at 51,500. Italy reported the most fatalities with more than 13,000 and climbing daily. Around the globe, the impact of the coronavirus wreaked havoc on national and local governments trying to rush medical equipment to hospitals, along with workers who have been...

U.S. oil prices climb by nearly 32% for the week

Oil futures climbed on Friday, with U.S. prices tallying a weekly gain of almost 32%. Prices extended their Thursday rally on growing expectations that major oil producers will reach an agreement to significantly cut production levels as efforts to slow the spread of COVID-19 continues to hurt energy demand. May West Texas Intermediate oil rose $3.02, or 11.9%, to settle at $28.34 a barrel on the New York Mercantile Exchange. Prices for the front-month contract climbed about 31.8% for the...

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