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Three possible scenarios for German GDP amid COVID-19

Three possible scenarios for German GDP amid COVID-19

Amid the intensifying coronavirus pandemic, the German economy is trying to adequately respond to the challenges provoked by the current negative situation. According to the German Council of Economic Experts, the country's gross domestic product will suffer the most in 2020. They predict that COVID-19 can plunge the European largest economy into recession.
14:13 2020-04-03 UTC+00
Crude oil falls below $20 amid oil price war and coronavirus crisis

Crude oil falls below $20 amid oil price war and coronavirus crisis

The situation in the oil market is out of control as both Brent and WTI crude oil prices plunged. US crude has fallen below $20 per barrel for the first time in 18 years while WTI oil has plummeted to $19.98 per barrel which is only 50 cents higher than $19.48 in February 2002. Meanwhile, Brent crude oil futures for May sank to $23.07 per barrel while futures for June were still trading at $26.
13:31 2020-04-03 UTC+00
Trump’s approval rating goes up amid coronavirus pandemic

Trump’s approval rating goes up amid coronavirus pandemic

US President Donald Trump is one of the few leaders who managed not only to unite the nation but also to raise his approval rating. Donald Trump delivered an eloquent speech and offered measures which can help the world, the US, and every American citizen to combat the coronavirus outbreak and deal with the aftermath of the disease. Trump’s approach to handling the pandemic boosted his rating.
13:23 2020-04-03 UTC+00
Gold prices to benefit from pandemic fears

Gold prices to benefit from pandemic fears

Gold is gradually regaining momentum. The precious metal has not developed a steady rally yet. Nevertheless, investors are betting on its growth. Last month, gold quotes went into a tailspin amid the coronavirus pandemic. This slump caught investors off-guard as gold serves as a traditional shelter in the time of market turbulence.
10:31 2020-04-03 UTC+00
China’s central bank introduces measures to stabilize yuan

China’s central bank introduces measures to stabilize yuan

The Chinese authorities take steps to support the yuan. The local central bank has already established the yuan exchange rate at a higher level in order to stabilize the national currency. According to experts, this is the first measure in a series of efforts to revive the renminbi after the recent weakness. The yuan fixing was set at 7.
12:22 2020-04-02 UTC+00
Trump considers intervening in Saudi-Russia price war

Trump considers intervening in Saudi-Russia price war

In early March,  Russia rejected a proposal by OPEC to introduce additional output cuts. As a result, a three-year pact between OPEC and Russia came to an end. In response to this unexpected move, Saudi Arabia slashed its oil prices, thus launching a price war. Moreover, Riyadh said it would considerably raise its daily crude output starting from April.
09:41 2020-04-02 UTC+00
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