Virtual Davos aims to heal pandemic wounds
The Davos summit is taking place this year against the backdrop of a crisis that has shredded livelihoods and widened inequalities. The annual event hopes to help drive a robust, green recovery.
Rebuilding trust is the main theme at this year s Davos meeting
It s that time of the year again when a sleepy Alpine town in Switzerland comes alive as the global elite descends on its snow-clad slopes to debate global challenges. This year, however, Davos has been left undisturbed with its eponymous annual jamboree moving online amid a still raging COVID-19 pandemic.
Gold Futures Settle Slightly Lower
WASHINGTON (dpa-AFX) - Gold futures ended slightly lower on Thursday as fairly strong economic data and optimism about recovery amid hopes for additional stimulus weighed on the commodity.
However, the downside was just marginal as the dollar exhibited weakness against most of its peers. The dollar index was down nearly 0.4% at 90.16, after falling to a low of 90.05 in late morning trades.
Gold futures for February ended down $0.60 at $1,865.90 an ounce, after easing to a low of $1,857.50 around mid morning.
Silver futures for March ended higher by $0.088 at $25.854 an ounce, while Copper futures for March settled at $3.6475 per pound, gaining $0.0060.
FOREX-Dollar drops for third day on U.S. stimulus optimism Reuters 1/21/2021 By Gertrude Chavez-Dreyfuss U.S. stimulus-driven hopes weigh on dollar Norwegian crown rises as Norges Bank plans 2022 rate hike Bitcoin slumps as investors fear tighter regulation under Biden Sterling at fresh 2-1/2-year high vs dollar Graphic: World FX rates https://tmsnrt.rs/2RBWI5E (Recasts, adds new comment, ECB s Lagarde comments, FX table, updates prices, changes byline, dateline; previous LONDON) By Gertrude Chavez-Dreyfuss NEW YORK, Jan 21 (Reuters) - The dollar fell for a third straight session on Thursday, with investors seeking out higher-yielding currencies, as a slew of better-than-expected U.S. data and continued optimism about a massive stimulus package spurred hopes of a recovery in the world s largest economy. The euro, on the other hand, gained versus an overall weak dollar, even as European Central Bank President Christine Lagarde warned
FILE PHOTO: Informal Meeting of Ministers for Economics and Financial Affairs in Berlin
FRANKFURT (Reuters) – European Central Bank President Christine Lagarde on Thursday welcomed what she predicted would be “smart and inclusive” leadership of the U.S. economy under Treasury Secretary-designate Janet Yellen.
“I … wish my colleague and friend Janet Yellen the very best in her endeavour to lead the U.S. economy in the way that she can only do it. Inclusively and very smartly,” Lagarde told the bank’s post-policy meeting news conference.
Yellen was Federal Reserve chair from 2014 to 2018. (Reporting by John Stonestreet; Editing by Catherine Evans)
0 Min Read U.S. stimulus-driven hopes weigh on dollar ECB keeps rates steady; Lagarde warns of more economic downside Norwegian crown rises on Norges Bank s plans of a 2022 rate hike Bitcoin slumps as investors fear tighter regulation under Biden Sterling at fresh 2-1/2-year high vs dollar Graphic: World FX rates tmsnrt.rs/2RBWI5E (Adds new comment, updates prices) By Gertrude Chavez-Dreyfuss NEW YORK, Jan 21 (Reuters) - The dollar fell for a third straight session on Thursday, with investors
seeking out higher-yielding currencies, as a slew of better-than-expected U.S. data and continued optimism
about a massive stimulus package spurred hopes of a recovery in the world s largest economy.