Monday, August 17th, today’s news—massive job losses await the airline industry, over 75,000 employees in the US only have been warned their jobs are at risk. European markets are mixed amid the slumping travel industry and mounting geopolitical tensions; helped by China, Asian markets rise, which also boosts oil prices; …
Friday, August 14th, today’s news—the lack of a new stimulus package continues to weigh on the US economy, the dollar is weaker, over 30 million Americans are unemployed. Weak China data signals a slower-than-predicted economic recovery, European markets await the Q2 GDP data. The price of Brent oil is $44.69, …
Thursday, August 13th, today’s news—European markets opened in negative territory due to economic recovery pessimism, and ahead of the US jobless claims data. Negative OPEC report sent oil prices plunging, the US dollar and stock indices are once again weakening. The price of Brent oil is $45.27, WTI—$42.52. EUR/USD is …
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