Market News

German business climate weakens over virus fears

A sharp rise in COVID-19 cases has increased concerns over economic recovery in Germany, with business morale falling in October after six months of steady progress. According to data released today by the Munich-based Ifo Institute, the business climate index fell to 92.7 points in October, down from 93.2 in September and below the forecast…
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US weekly jobless claims fall but figures remain high

US weekly jobless claims fell below expectations last week but remain elevated as the Coronavirus pandemic persists, with the recovery of the labor market also being weighed by fading hopes of a pre-election fiscal stimulus deal. The latter is after negotiations in the Senate between Republicans and Democrats stalled again. Data released…
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EU and Britain agree to resume Brexit talks

In an effort to revive stalled trade talks, the UK and the European Union will resume negotiations today. There are just ten weeks remaining until the end of the Brexit transition period. Both sides want to bridge existing gaps and protect the multi-billion dollar’s worth of trade between the two blocs, but previous talks – which started at…
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