Monthly archive July, 2020

Australia is set to record its biggest budget deficit since the World War II as the government spurred spending to cushion the blow from the coronavirus pandemic. In the latest economic and fiscal update, released Thursday, the Treasury said the Read More →

After reporting decreases in first-time claims for U.S. unemployment benefits for fifteen straight weeks, the Labor Department released a report on Thursday showing a notable rebound in jobless claims in the week ended July 18th. The report said initial jobless Read More →

Reflecting improvements brought about by the incremental reopening of the economy, the Conference Board released a report on Thursday showing another significant increase by its reading on leading U.S. economic indicators in the month of June.Original Article Read More →

EU leaders agreed on a EUR 1.8 trillion package of measures to tackle the exceptional nature of the economic and social situation posed by the coronavirus pandemic. After four days of marathon talks in Brussels, EU leaders conceded the package Read More →

After reporting three straight months of declines in U.S. existing home sales, the National Association of Realtors released a report on Wednesday showing sales rebounded at a record pace in June. NAR said existing home sales spiked by 20.7 percent Read More →

The U.S. dollar exhibited weakness against most of its peers on Wednesday, extending recent losses, as rising concerns about coronavirus spread and an escalation in U.S.-China tensions, triggered a sell-off in the currency.Original Article Read More →