Thursday 13 August 2020

Quick Over View on Market Top News

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 + Check out the important news:

 US $ 1 and bond yields rose ahead of the big 10-year bond sale

 The dollar hit a two-week high, US 10-year Treasury yields also hit their highest in more than a month, while Gold Futures stabilized after falling 5% on Tuesday.

 2️⃣ The US election race heated up

 Democratic presidential candidate Joe Biden has chosen California Senator Kamala Harris as his candidate, a move that appears to increase support among women and ethnic minorities.  time reassured central voters that the party's progressive faction would have no undue influence on policy if Mr. Biden was elected in November.

 3️⃣ British economy was bruised by Covid-19, officially entering a recession

 The UK economy fell more than 20% in the second quarter, the highest level of any major industrialized economy, and it also made the UK economy officially enter a technical recession after 11 years.  .

 The UK economy fell more than 20% in the second quarter, the highest level of any major industrialized economy, and it also made the UK economy officially enter a technical recession after 11 years.  .

 4️⃣ In July, the CPI in the US rose 0.6% against the forecast of 0.3% due to the slight increase in prices of goods such as used cars, clothing and energy.

 - An increase of 0.6% over the same period last month.  If compared with the same period last year, the CPI increased by nearly 1.6% compared to the expected rate of 1.1%.


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