By: FXTM Last week, we learned that investors were still brave enough to continue with a ‘buy-the-dips’ mentality in equity markets. All three major US indices made new record highs on Thursday with the S&P 500 up 3.2% for the week, its best performance since June 2019. It wasn’t just Wall […]
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Pound Recovers from 2-month Trough – 10 February 2020
In London trading, the Pound Sterling continues to be pressured by a firmer greenback and earlier touched a 2½ month trough against the Dollar. Last week, the Pound suffered its largest weekly decline versus the greenback in seven weeks, with investors concerned about the Brexit transition period possibly failing to […]
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China’s Inflation Hits a 8-year High – 10 February 2020
According to recent data, Chinese inflation hit its highest level in 8 years, at 5.4 percent in January after being at 4.9 percent in the previous month. The increase is mostly due to rising food prices, higher demand associated with the New Year festivities, together with the Coronavirus epidemic. Excluding […]
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Chinese Workers Return to Work Despite Rising Death Toll – 10 February 2020
Sunday saw a record 97 deaths due to coronavirus on mainland China, but that didn’t stop employers from opening their doors after weeks of keeping workers at home. Businesses and factories had been closed in an extension of the Chinese Lunar New Year for ten days. Public transportation remains largely […]