Thomson Reuters/INSEAD’s most recent survey found that business morale among Asian corporations recovered from an 11-year low in the third quarter of 2020, the coronavirus pandemic continues to cast a shadow.
Antonio Fatas, professor of economics at INSEAD International Business School in Singapore, said: “We are recovering with a lot of uncertainty. If it were only for Asia, I think the numbers would be more positive, but the truth is that the global is only Asia.
“The outlook for Asia for the next six months, followed by Thomson Reuters/INSEAD’s Asian business sentiment index, rose to 53 in the third quarter, after an 11-year low of 35 in the current quarter. “
“More than two-thirds of respondents reported seeing the pandemic, or a further increase in COVID-19 cases, as a major risk. “
“About 14% said a global recession was their biggest concern, while others reported uncertainty about the upcoming U. S. election in November and other risks.
The GBP/USD pair is again above 1,2700, as British Chancellor Rishi Sunak prepares to introduce a new salary scheme on Thursday. The risks of coronavirus, the dollar’s call to compensate for optimism about Brexit. A look at BOE Bailey’s speech, US knowledge, is not the only one to be able to do so. But it’s not the first time And Powell’s testimony.
The EUR/USD pair trades in the mid-1,1600s, about two-month lows amid the continued strength of the US dollar. The feature market has had the most powerful negative bias over the euro for at least 3 months. – German IFO than expected to curb sales.
Gold continues to fall to a two-month low of $1850, with bass players now breaking below 100-DMA at $1844. Gold costs have deteriorated as the US dollar continues to fall back as investors move away from stocks amid the resurgence of coronaviruses.
The US dollar continued to rise, with investors preferping security to the most dangerous assets in an unfavourable market climate. The sad initial knowledge of Markit’s advertising activity on both sides of the Atlantic underscored the growing threat of coronavirus resurgence.
WTI mitigated the drop to less than $39. 30 for the third day in a row. Repeated bear failure can attract buyers and generate a rebound. However, the september 18 summit remains a breaking point for bullish ones.
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