Wednesday, 27 May 2020 23:45 WIB
European stocks closed higher Wednesday, following the unveiling of a huge coronavirus recovery package from the EU.
The pan-European Stoxx 600 index finished 0.2% higher with strong gains for the major bourses in Germany, France and the U.K. Bank stocks rising almost 4% to lead gains while health shares declined 2.5% to lead the losses.
Investors digested the European Commission™s plan for...
Friday, 22 May 2020 13:44 WIB
A nationwide lockdown due to the coronavirus outbreak triggered a record fall in U.K. retail sales in April, the Office for National Statistics reported Friday.
The volume of sales fell 18.1% in April on the year, the biggest monthly drop on record, following a slide of 5.2% in March. All sectors saw a monthly decline in volume sales except for a record rise in sales for non-store retailing of...
Wednesday, 27 May 2020 19:57 WIB
Gold lost ground Wednesday, sliding below the psychologically important $1,700-an-ounce level as an ongoing stock-market rally in response to easing COVID-19 lockdowns robbed the yellow metal of its haven appeal.
Gold for June delivery on Comex dropped $12.60, or 0.7%, to $1,693 an ounce, while July silver was off 13 cents, or 0.7% at $17.465 an ounce.
A dip below $1,700 could turn into a...