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UK bank stocks are plunging after the banks cancelled their dividends to shareholders but Sterling is holding its ground against a rising US Dollar.

The US Dollar saw broad gains against higher risk currencies during London trade on Wednesday in the continuing fallout over the Coronavirus pandemic.

The European Central Bank's policymaker, Francois Villeroy de Galhau said on Wednesday that given the recent inflation data

In his continuing efforts to lessen the economic damage caused by the novel coronavirus, U.S. President Donald Trump is expected to suspend some tariffs on Chinese goods for 90 days.

Wednesday, April 1: The rate of increase globally in fatalities and new confirmed infections from the coronavirus pandemic continues to increase exponentially, with its epicenter now in New York.

<p>US commercial crude oil inventories rose 1.38 million barrels in the week ending March 27, well above expectation of 3.7 million. At 469.2 million barrels, oil inventories are near the five year average for this time of year. WTI crude oil is staying in tight range above 20.40 for now, as consolidation continues. Outlook remains […]

<p>ISM Manufacturing PMI dropped -1.0 from 50.1 to 49.1, above expectation of 44.3. Looking at some details, new orders plunged -7.6 from 49.8 to 42.2. Production dropped -2.6 from 50.3 to 47.7. Employment dropped -3.1 from 46.9 to 34.8. Supplier deliveries was the main component that kept headline PMI down slightly, up 7.7 from 65.0 [&hellip

<p>US ADP report shows only -27k job loss in the private sector in March, well better than expectation of -150k. By company size, small businesses lost -90k, medium businesses grew 7k, large businesses grew 56k. By sector, good-producing jobs dropped -9k while service-providing jobs dropped -18k. “It is important to note that the ADP Na

<p>Eurozone unemployment rate dropped to 7.3% in February, down from 7.4%, beat expectation of 7.4%. That’s the lowest level since March 2008. EU unemployment was unchanged at 6.5%, lowest since the start of the series in 2000. Among the Member States, the lowest unemployment rates in February 2020 were recorded in Czechia (2.0%), the N

<p>UK PMI Manufacturing was finalized at 47.8 in March, down from February’s 48.0. Business optimism slumped to series-record low and supply chain disruption intensified. Rob Dobson, Director at IHS Markit, which compiles the survey: “The latest survey numbers underscore how the global outbreak of COVID-19 is causing huge disrupti