Commodities
US consumer confidence slips in November after elections and Covid-19 resurgence
US consumer dipped unexpectedly at the start of November as Americans reacted to the results of the presidential election and the rising number of Covid-19 cases, a closely-followed revealed.
Door Dash files with SEC in record year for US IPOs
America's largest food delivery platform has filed to go public.
Credit Suisse upgrades Royal Mail, hikes price target
Credit Suisse upped Royal Mail to ‘neutral’ from ‘underperform’ on Friday, hiking the price target 261p from 94p as it said the UK outlook has been improved by pandemic-driven tailwinds.
Rising Covid-19 positivity rates in US may require restrictions in large-population states
Covid-19 test positivity is increasing rapidly and may necessitate that most large-population states impose more severe restrictions, a top-ranked US economist said.
US final demand prices edge past forecasts in October
Wholesale prices in the US edged up a bit more quickly than anticipated last month, lifted by a big jump in food prices.
Trump administration delays TikTok ban
The Trump administration announced overnight that it would delay the enforcement of the ban on TikTok which was due to take effect from Thursday.
Eurozone Q3 GDP revised down a touch
Eurozone GDP grew a touch less than initially estimated in the third quarter, according to figures released by Eurostat on Friday.
Jobless claims fall by 48,000 week-on-week
Americans continued filing for unemployment claims at an elevated level last week, albeit at a slightly decelerated pace.
TUI criticised for delayed payments to Greek operators
Europe’s largest tour operator, Tui has been harshly criticised by Greek hoteliers over a delay to its payment schedule that they allege puts hundreds of businesses at risk of closure.
Moderna ready to submit preliminary data for Covid-19 vaccine trial
Moderna is set to submit the data needed by the independent panel charged with monitoring the results of its Covid-19 vaccine trial to determine its efficacy.
Russia claims Sputnik V vaccine is 92% effective against Covid-19
Russia’s Sputnik V vaccine against Covid-19 is 92% effective at protecting people, the country’s sovereign wealth fund said on Wednesday.
EU-UK trade talks set to extend into following week
Britain and the European Union are likely to miss the mid-November deadline to close a post-Brexit trade deal but the two sides have signalled that they will continue.
ByteDance to generate $27bn in ad revenue by start of 2021
TikTok-owner ByteDance is on track to generate at least 180bn yuan ($27. 2bn) in advertising revenue in China this year.
Brazil halts trial of Chinese vaccine after adverse incident
Brazil has suspended the final stage trials of a Chinese-made coronavirus vaccine after a patient suffered an adverse incident.
Investor sentiment drops sharply in Germany
Investor sentiment in Germany fell sharply in November, a closely-watched survey showed on Tuesday, as fears grow that the country is heading for another recession.
Renewables set to hit record level in 2020 despite Covid-19 crisis
The International Energy Agency expects renewable energy installation to hit a record level in 2020 despite the economic crisis brought on by Covid-19.
Daily Covid-19 cases in US surpass 100,000
The fourth wave of Covid-19 in the US may be out of control, a top-ranked economist believes.
Nonfarm payrolls come in better than expected, unemployment rate falls
US employment accelerated at a better-than-expected clip in October, with the unemployment rate falling sharply despite a surge in the number of new Covid-19 cases.
US labour productivity extends rebound in Q3, labour costs plummet
Labour productivity in the US extended the prior quarter's sharp rise over the three months to September as economic activity rebounded.
German factory orders slow, missing forecasts
German factory orders slowed in September and missed expectations as eurozone demand weakened, official figures showed.