Autor wiadomości codziennych

Michal Wieczorek
Dollar set for weekly gain on stalled economic recovery

The dollar is on course for its best week of the month on Friday as rising coronavirus cases and little progress in a U.S. stimulus package prompted investors to seek safer assets. The dollar index rose to a two-week high of 93.910 as Europe and Britain reimposed restrictions. The U.S. Midwest is also battling record…

Oil prices drop as OPEC+ slashes cuts, coronavirus cases weigh on sentiment

Oil prices dropped on Friday on worries that major producers will continue with plans to lessen supple cuts despite a surge in U.S. and European COVID-19 cases curbing fuel demand. Brent crude futures fell 0.5%, or 22 cents, at $42.94 per barrel. U.S. West Texas Intermediate crude futures for November contract dropped 0.4%, or 16…

Asian shares decline on virus-beaten sentiment

Asian share markets shed initial earnings, recording a weak performance on Friday. This could be attributed to investors’ subdued sentiment as the United States and Europe monitored an upsurge of fresh coronavirus infections. MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.22% decline. U.S. stock futures dropped 0.12%, while China shares advanced during…

Danske Bank to slash 1,600 jobs in the next twelve months

On Thursday, Danske Bank (DANSKE.CO) announced that it would cut 1,600 jobs in the next six to twelve months as part of a cost-reduction program that would run until 2023. Denmark’s largest bank stated that it was trying to get costs and compliance under control while it had already warned of further layoffs four months…

Oil prices gain as U.S. Gulf production closes ahead of Hurricane Delta

Oil prices rose on Thursday as oil-refinery workers evacuated rigs in the U.S. Gulf ahead of Hurricane Delta. However, fuel demand worries persisted amid fading hopes for a U.S. stimulus and a build in crude stocks. Brent crude futures gained 0.2%, or 9 cents, at $42.08 per barrel after sliding 1.6% on Wednesday. West Texas…