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Bottom is near for emerging market stocks, Morgan Stanley Emerging markets and Asian equities are nearing the end of their current bear market cycle, Morgan Stanley said, raising its view of the region with above-than-average losses and attractive valuations. There is a strong chance to form a bottom in this market amid “many” signs of […]
Oil’s Selloff on China COVID can send a barrel under $85 The new lockdowns in China caused by dirty COVID extended the sale of oil for the third consecutive day, which increased the probability that the US crude being pushed below $ 85 per barrel since the end of January. Brent crude, a global benchmark […]
In Race for Monkeypox Vaccines, experts see COVID rehearsal The movements of rich countries to buy large amounts of monkeypox vaccine, while the decrease in sharing dose with Africa, could leave millions of people unprotected against a more dangerous version of the disease and continuous risk spills of the virus in humans, officials public health […]
According to the first reading of the Commerce Department on Thursday, the US economy contracts again in the 2nd quarter at a rate of 0.9% annually. The expectation of the market was an expansion of 0.5%, after the largest economy in the world contracted 1.6% in the first quarter. The data occurs just a few […]
Toyota stopped Harrier SUV orders Nikkei’s business reported that Toyota Motors Corp has canceled or stopped some orders of the Harrier Sports Utility Vehicle. The main cause that has been seen is due to the disruptions caused by the COVID-19 lockdown in Shanghai. It is also mentioned in the report that customers may switch their […]
Joe Biden tested positive for the COVID test on Thursday. As per the information from the White House, Joe Biden is vaccinated properly and boosted as well. For the time being, he is experiencing very mild symptoms and started anti-viral treatment Paxlovid as well. He is in isolation at the White House. First Lady Jill […]
Oil bears are back as oil merchants sell oil again as concern for the course of the global economy deepens, carrying the advantage over the fears of the supply. Brent Crude has lost more than $ 20 per barrel during the last month, with western Texas Intermediate in almost $25 per barrel. The fears of […]
Asian Stocks Fall and Euro pars with Dollar International equities faltered, oil dropped as well as the euro inched nearer to parity along with the risk-free place dollar on Tuesday as the possibility of additional tightening through main financial institutions, restored COVID outbreaks in China as well as Europe’s electricity shortages spooked investors. MSCI’s broadest […]
Travelling Germany soon? Here you can CoVid-19 travel restrictions Since the outbreak of COVID-19, Germany has implemented a number of travel restrictions in an attempt to contain the spread of the virus. These restrictions have been regularly updated and are currently in place until at least April 18, 2021. All non-essential travel to and from […]
President Vladimir Putin said on Friday that Russia will be self-sufficient to supply 50m tons of grain to the international markets in the current year. Putin said during a meeting of BRICS Plus format via video conference from Moscow that the deliveries of grains will be based upon the situation with insurance of vessels, transporting […]