On Tuesday, European shares fell after reaching 5-week highs as J&J announced that it was pausing its clinical trials for the COVID-19 vaccine. With increasing doubts about vaccine’s timeline, the shares pulled…
Category: News
Yuan Set for Biggest Fall since March and Dollar Index Rises
On Monday, China’s yuan fell after a change in the reserve requirement policy of the People’s Bank of China, a move seen as a way to control the appreciation of the yuan….
Better Regulations Needed for Stopping Crypto Tax Evaders
John McAfee is the antivirus software pioneer and also the founder of McAfee Associates. The company is renowned for launching the McAfee VirusScan, the first commercial antivirus software, in the market in…
London’s Days as Stock Trading Hub of Europe are Numbered
As Brexit draws closer, London has to confront the loss of its role as the undisputed stock-trading hub of all of Europe, which means it is going to lose billions of euros…
Dollar-yen Dip as Stimulus Hopes Boosts Risk-on Mood
On Thursday, the safe-haven Japanese yen and the dollar both nursed losses, after a revival of hopes for an additional fiscal stimulus in the U.S. gave investor sentiment a boost. In contrast,…
EU asks Britain to ‘Put Cards on the Table’ over Trade Deal
Charles Michel, the President of the European Council, stated that it was time for the United Kingdom to put its cards on the table regarding the trade deal to be followed post-Brexit….
Sterling Holds at $1.30 as Optimism over Brexit Deal Grows
On Tuesday, Sterling held steady at $1.30, as indications of progress in Brexit talks helped in cementing gains. Moreover, expectations for when interest rates would be cut down by the Bank of…
Wall Street Gains as Trump to Go Home and Investors Hope for Stimulus
On Monday, there was a sharp increase in U.S. stocks, as they recovered from the decline they had suffered in the previous session. This improvement was likely because investors believe fiscal stimulus…
Dash Shouldn’t be Considered a Privacy Coin According to Dash Team
Dash (DASH) is a well-known name in the cryptocurrency industry and it was once regarded as one of the top privacy-focused digital assets in the space. As a matter of fact, in…
Oil Loses 4% after Trump’s News and Economies Wobble
On Friday, there was more than a 4% decline in oil prices, which marked a second weekly decline after news of the U.S. President Donald Trump testing positive for coronavirus, increasing global…