The U.S. Commerce Department said it will issue an order Friday that will bar people in the United States from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok starting on September 20.
Daily Market Analysis
Information is not investment advice
After yesterday's equity sell-off things are looking mixed in the Asian session this morning.
US stock markets tumbled at the opening on Thursday as the Federal Reserve's warnings about a slow recovery from the pandemic.
U.S. stocks are set to open sharply lower Thursday, with investors disappointed that the Federal Reserve decided against adding more stimulus to advance its goal of spurring inflation.
USD strengthens further in the post-FOMC Asia session. Read the article to get fresh analysis of EUR/USD, GBP/USD, CAD/JPY and silver!
The Federal Reserve wraps up its regular two-day policy meeting, with the publication of its post-meeting statement at 2 PM ET (1800 GMT), and Chairman Jerome Powell’s press conference half an hour, as usual.
The Federal Reserve are facing a tricky situation. The US election is approaching which should result in the Fed staying put.
Asian equity markets traded mixed and only partially benefitted from the technology gains in the US.
China’s economy continued its rebound from the coronavirus pandemic, with a round of key data for August all coming in above expectations.
Asian equity markets were somewhat mixed as the region only partially sustained the momentum from the firm US handover.
U.S. stocks are set to open markedly higher on reassurances from the pharma sector about progress in the hunt for a vaccine to fight the Covid-19 virus.
Eurozone March industrial production comes at 4.1% vs 4.2% m/m than expected