Bonds sold off and stocks took a breather on Wednesday as investors waited to hear from the Federal Reserve about its next moves to support the US economic recovery, while oil jumped to a five-month peak as a hurricane disrupted output in the Gulf of Mexico.
Stock futures in Europe and the US rose along with equities in Asia on signs of a thaw in US-China tensions, with investors also looking ahead to a policy speech by Federal Reserve Chair Jerome Powell later in the week.
Medicine named Remdesivir produced by an Iranian knowledge-based company can be exported to the foreign market, Director of Health and Technology Development Office of the Health and Medical Education Ministry Hossein Vatanpour said on Friday.
Trump. Trade. Turkey. A trio of risks confronts emerging markets in the coming week following a period in which prices have stuck to the August script, with implied currency volatility increasing in the five days through Friday by the most since the March rout.
With the coronavirus pandemic causing the closure of national borders and the suspension of international travel, governments in emerging markets have begun to explore whether domestic tourism can kick-start their economies.
Amid global uncertainties and falling imports, India’s Gem and Jewelry Export Promotion Council (GJEPC) is looking to tap new markets, while making further inroads in the US as the government there levies a more punitive duty on jewelry imports from China.
On the first trading day of the decade, shares around the world surged after China’s central bank announced an 800 billion yuan (£87 billion) cash increase for the economy, and US President Donald Trump said phase one of a trade deal between Washington and Beijing would be signed on January 15.