Precious metals are apparently waking up. And here is where you can find the best deals.
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The ECB unveiled in March the Pandemic Emergency Purchase Programme — which will buy 750 billion euros ($819 billion) in euro zone government bonds this year.
The report, created by the China Institutes of Contemporary Internal Relations (CICIR) - which is affiliated with the Ministry of State Security - suggests that the wave of anti-China sentiment is led by the United States, which sees China's rise as a global superpower as a threat to Western democracies.
When comparing incoming data releases to 1-year averages
"The SMCCF is expected to begin purchasing eligible ETFs in early May. The PMCCF is expected to become operational and the SMCCF is expected to begin purchasing eligible corporate bonds soon thereafter."
Nobody knew what would trigger the next financial crisis, but just about everyone knew it would involve the record pile of corporate debt. And so it happened. Now the Fed fixed it…
They haven’t gotten over Financial Crisis 1 and the Euro Debt Crisis. Now there’s a new crisis. Deutsche Bank’s CEO going on TV to soothe nerves didn’t help matters.
This is how it happens that boats that were once worth tens of thousands of dollars are set adrift by owners who can no longer afford to pay slip fees.
Stocks fell on Monday as traders weighed the reopening of the economy along with brewing tensions between China and the U.S.
We have financial records dating back some 5,000 years and in all that time, silver has never been this cheap compared to gold.Kanesh was an important trading hub in the Assyrian empire. The city was located in the middle of what is now Turkey, at the midpoint of the route between the Mediterranean and the Black Sea.
Gold prices could "break the highs" seen earlier this year, after declining in March along with assets across the board, according to UBS Investment Bank's Joni Teves.
As if there weren't enough headwinds for the economy already, the Washington Post reported the Trump administration was exploring the possibility of canceling some US debt obligations to China. President Trump denied it but floated the idea of tariffs on Chinese imports as punishments for that country's handling of the coronavirus. Peter Schiff appeared on RT Boom Bust to talk about the economic saber-rattling and the possible impacts on the US stock market.
Swiss precious metals refinery Valcambi said on Monday it had received government permission to fully reopen, but that measures to protect staff from the coronavirus meant it would operate at around 85% of normal levels.
Government-ordered business shutdowns aren’t flattening just the curve. They’re causing a steep drop in tax revenue for state and local governments.
Factory activity was ravaged across the world in April, business surveys showed, and the outlook looked bleak as government lockdowns to contain the new coronavirus pandemic froze global production and slashed demand.
Manufacturing activity in the euro zone collapsed last month as government-imposed lockdowns to stop the spread of the new coronavirus forced factories to close and consumers to stay indoors, a survey showed on Monday.
Iran's parliament has passed a bill allowing the government to slash four zeros from the rial, Iranian state media reported on Monday, after a sharp fall in the value of the currency as a result of crippling U.S. sanctions.
The Trump administration is "turbocharging" an initiative to remove global industrial supply chains from China as it weighs new tariffs to punish Beijing for its handling of the coronavirus outbreak, according to officials familiar with U.S. planning.
Hong Kong’s economy suffered its worst quarter on record, extending the first recession in a decade as the coronavirus pandemic battered a city already weakened by political unrest.The economy contracted 8.9% in the first quarter from year-ago levels, according to the government.
In many countries, governments are responding to the economic consequences of the Covid19 pandemic with exceptionally large fiscal support programs, while central banks, on their side, are conducting similarly large purchases of government securities.
The coronavirus pandemic spurred a turn toward nationalism around the world. Now banks are in the vanguard of the movement, central to government rescue efforts in the face of the worst recession since the Great Depression.