UK job market slumps in the third quarter
UK labor market declined rapidly before the government introduced new support measures, with a record number of staff redundant in Q3 and increase of jobless rate, pointing to the depth of crisis in the sector.
Unemployment jumped to…
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Gold collapses after vaccine news further boosted risk appetite
Spot gold collapsed on Monday, being so far down 4.8% for the day, in the biggest daily fall since early August.
The safe-haven metal was sold after news that test for coronavirus vaccine showed more than 90% prevention in a study that…
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Stocks surge on fresh risk appetite after Pfizer Covid-19 vaccine news
Stock markets surged on Monday after Pfizer announced that its experimental Covid-19 vaccine was more than 90% effective.
Pfizer and German partner BioNtech are the first drug makers to release successful data from a large-scale of…
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Post-US election relief rally lifts global equities to record high
Global stocks hit a record high on Monday as fresh optimism of global trade ties and more fiscal stimulus under US President-elect Joe Biden boosted risk appetite.
Investors hope in global rebalancing on lower dollar and less trade…
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Post-US election rally faces strong headwinds at 1.3200 zone; focus turns to EU-UK talks
Cable hit new two-month high (1.3198) in early Monday’s trading, lifted by fresh risk mode after Democrat Joe Biden announced victory, but rally was so far short-lived, as traders collected profits after bulls probed above pivotal…
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Biden’s victory boosts risk mode but key obstacles remain and warn of further volatility
Improved risk sentiment was the highlight at the start of trading on Monday, after Democrat Joe Biden declared victory in the 2020 US Presidential elections, becoming the 46th president of the United States.
The US dollar fell to…
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US initial jobless claims were lower from the previous week but came above expectations
The number of Americans filling for unemployment benefits rose above expectations last week but was slightly below previous week’s numbers.
US weekly jobless claims totaled at 751,000 for the week ended Oct 31, slightly below upward…
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Euro advances 1% on fresh risk appetite
The Euro surged to 1 ½ week high at 1.1859 (up 1% for the day so far) driven by fresh wave of risk appetite on rising expectations for Biden’s victory that would boost talks about new stimulus package.
Fresh bullish acceleration after…
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