African economies likely to rebound 3.4% this year, AfDB says

© Reuters. FILE PHOTO: The headquarters of the African Development Bank (AfDB) are pictured in Abidjan, Ivory Coast By Duncan Miriri NAIROBI (Reuters) – African economies are expected to grow by an average of 3.4% this year, the African Development Bank said, as the continent recovers from its worst contraction in half a century. The […]

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Tech Rebound, Treasury Sales, Chinese Rout Hits Copper – What’s up in Markets

© Reuters By Geoffrey Smith  Investing.com — Tech stocks are set to open with a rebound after Monday’s heavy sell-off. The Treasury kicks off three days of big bond sales, and China’s stock market woes continue as the government confirms its focus on deleveraging this year. Here’s what you need to know in financial markets on […]

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Fed’s Daly sees sharp rebound, then slower slog back to pre-pandemic economy

© Reuters. FILE PHOTO: Mary Daly, President of the Federal Reserve Bank of San Francisco, poses after giving a speech on the U.S. economic outlook, in Idaho Falls (Reuters) – San Francisco Federal Reserve President Mary Daly on Friday said she expects a “sharp rebound” in economic activity once more people are vaccinated against COVID-19, […]

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Visa profit beats estimates as holiday shopping drives rebound

© Reuters. View shows Visa credit cards By Noor Zainab Hussain (Reuters) – Visa Inc (NYSE:) beat Wall Street estimates for quarterly profit on Thursday, as its customers shopped online during Christmas and New Year holidays, driving a recovery in payment volumes from the coronavirus-induced slump. A surge in online shopping helped the world’s biggest […]

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Resurgence in COVID-19 cases slows oil demand rebound -IEA

© Reuters. FILE PHOTO: A view shows the Khor Al Zubair Port By Noah Browning LONDON (Reuters) – Oil demand recovery will take a hit from a spike in new coronavirus cases before vaccine roll-outs and stimulus measures help in the second half of the year, International Energy Agency (IEA) said on Tuesday. “Border closures, […]

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Dollar rebound falters as Fed’s Powell strikes dovish tone

2/2 © Reuters. FILE PHOTO: U.S. dollar notes are seen in this picture illustration 2/2 By Kevin Buckland TOKYO (Reuters) – The dollar’s rebound from a near three-year low faltered on Friday after U.S. Federal Reserve Chair Jerome Powell said interest rates would not rise any time soon. The release of details of President-elect Joe […]

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Dollar holds firm as Treasury yield jumps, spurring rebound

© Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul By Tommy Wilkes LONDON (Reuters) – The U.S. dollar held onto its recent gains on Tuesday after a spike in U.S. Treasury yields lifted demand for the currency. The dollar had hit a more than 2-1/2-year low […]

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Gold Back in Play, Edging Up on Stimulus Hopes Despite Dollar Rebound

© Reuters. By Barani Krishnan Investing.com – Gold prices rose Thursday as investors began making a beeline for the yellow metal despite a rebound in the dollar, as the win of the U.S. Senate by President-elect Joe Biden’s Democratic Party opened the path for stimulus that would benefit gold. on New York’s Comex settled up […]

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Oil Ends Pandemic Year Down Over 20%, Despite Best Efforts at Rebound

© Reuters. By Barani Krishnan Investing.com – The worst year in the history of oil trading is ending with a loss of more than 20% for crude prices as the best efforts of producers to cut output still fell short of mitigating the demand destruction caused by the coronavirus pandemic. “Should 2020 be forgotten and […]

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Gold extends rebound to $1,830 as buyers seize back near-term control

Gold up by over 0.8% on the day currently For bank trade ideas, check out eFX Plus Gold is extending its rebound above the $ 1,800 level in trading today after managing to close above that following a solid bounce yesterday. The high now touches $ 1,832 and we are seeing buyers seize more near-term […]

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