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The ASX has closed higher, as shares in recycling firm Bingo Industries skyrocket on $2.3 billion takeover bid. Market analysts say sporadic COVID-19 outbreaks in China are intensifying the risks for its economic recovery.
Global stock markets wavered on Monday as soaring COVID-19 cases offset investor hopes of a quick economic recovery, even after data showing that the Chinese economy rebounded faster-than-expected in the fourth quarter of 2020.
Global stock markets wavered on Monday as soaring COVID-19 cases offset investor hopes of a quick economic recovery, even after data showing that the Chinese economy rebounded faster-than-expected in the fourth quarter of 2020.
December 24, 2020 - Written by Toni Johnson Despite a boost in safe haven demand at the beginning of the week, the British Pound to US Dollar (GBP/USD) exchange rate is once again approaching its best levels in years. As markets await an imminent Brexit deal announcement, the US Dollar’s safe haven appeal has been dampened and the Pound is capitalising on the market’s Brexit optimism. After opening this week at the level of 1.3522, GBP/USD plummeted. The US Dollar capitalised on safe haven demand and rebounded from recent lows, taking GBP/USD as low as 1.3193, over three cents lower.
FOREX-Sterling, Norwegian crown extend gains with Brexit deal in sight Reuters 12/24/2020 Popular Searches * Dollar down as Brexit hopes overshadow stimulus uncertainty * Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E (There will be no London-based Forex market report on Dec 25 due to the Christmas holiday) By Yoruk Bahceli AMSTERDAM, Dec 24 (Reuters) - Sterling and trade-sensitive currencies including the Norwegian crown and Aussie dollar extended gains on Thursday as Britain and the European Union appeared on the cusp of striking a trade deal, raising hopes the United Kingdom c...