Economic News
BofA stays 'overweight' on France, Spain and Italy, upgrades UK
Equity strategists at Bank of America reiterated their 'overweight' stance towards French, Spanish and Italian stocks, telling clients, notwithstanding a possible setback in the States, the European recovery was proceeding more smoothly.
Inovio Pharmaceuticals's Covid-19 vaccine triggers immune response
Inovio Pharmaceuticals's experimental vaccine against the novel coronavirus was found to be safe in an early stage clinical trial and successfully induced an immune response in the majority of participants in the test.
EU's Hogan fears higher transatlantic tariffs
The US and the EU are heading for a rocky period of trade relations that could lead to higher tariffs on goods flowing both ways, the European trade commissioner said.
Chicago PMI registers smaller-than-expected increase for June
The recovery in factory sector activity in the Chicago area lagged behind the rest of the country in June and hiring continued to falter.
Boris Johnson pledges 'bold' approach to support UK economy post Covid-19
Prime Minister Boris Johnson has outlined what he dubbed "ambitious" plans to kick-start the UK’s recovery following the Covid-19 pandemic.
Amazon brand value reaches $400bn as popularity rises during pandemic
Amazon’s brand worth rose by almost a third in one year to $415. 9bn, maintaining its position as the most valuable brand on the planet.
Euro area CPI edges past forecasts in May, core inflation drifts lower
Price pressures in the single currency bloc edged higher last month but nearly half its members remained in deflation.
UK GDP suffers biggest fall in 40 years amid Covid-19 crisis
The UK economy recorded its largest contraction in more than four decades, official figures revealed on Tuesday, as consumers cut spending in the first few days of the coronavirus lockdown.
China manufacturing PMI picks up in June
Manufacturing and services activity in China expanded in June as the economy continued to recover from the coronavirus fallout, according to figures released by the National Bureau of Statistics on Tuesday .