The coronavirus pandemic brought the U.S. automotive industry to a standstill. Investors will see just how bad the damage is when all three Detroit carmakers report earnings this week.
Archiv für den Monat: Juli 2020
3M profit misses as coronavirus crisis hammers sales
Industrial conglomerate 3M reported a 12% drop in quarterly revenue on Tuesday as demand for its products took a hit due to the global economic slowdown caused by the coronavirus crisis.
ForexLive European FX news wrap: Markets cautious, gold encounters pullback
Forex news from the European trading session – 28 July 2020
Headlines:
Markets:
– CHF leads, NZD lags on the day
– European equities lower; E-minis down 0.3%
Headlines:
Markets:
– CHF leads, NZD lags on the day
– European equities lower; E-minis down 0.3%
US‘ Fauci: Cautiously optimistic that vaccine will be available by late fall
Fauci says that he has not misled the public under any circumstances
This comes after Trump retweeted posts yesterday calling Fauci a fraud and that he has misled the public on the whole virus situation.
This comes after Trump retweeted posts yesterday calling Fauci a fraud and that he has misled the public on the whole virus situation.
UK PM Johnson: Seeing signs of second virus wave in some other European countries
Johnson throwing some coronavirus shade at other European nations
– We had to take swift, decisive action on Spain quarantine decision
– We will continue to take action where it is necessary
Well, the situation in the UK may be a bit calmer for now but as the economy reopens you can sort of bet that the odds
– We had to take swift, decisive action on Spain quarantine decision
– We will continue to take action where it is necessary
Well, the situation in the UK may be a bit calmer for now but as the economy reopens you can sort of bet that the odds
UK think tank says unemployment will reach 10% this year
UK think tank, NIESR, comments on the UK economy
For now, a lot about UK economic data – especially in relation to the labour market – is largely masked by the fact that the government’s furlough program is in place.
For now, a lot about UK economic data – especially in relation to the labour market – is largely masked by the fact that the government’s furlough program is in place.
UK July CBI retailing reported sales +4 vs -25 expected
Latest data released by CBI – 28 July 2020
That said, there are concerning details despite the headline beat with a wave of layoffs being seen across the retail sector and year-on-year sales growth was modest at best.
That said, there are concerning details despite the headline beat with a wave of layoffs being seen across the retail sector and year-on-year sales growth was modest at best.