Asian, European Markets Begin Week with Significant Gains

Asian markets are on the rise Monday as more and more nations continue to slowly emerge from the lockdowns imposed to halt the coronavirus pandemic.
Tokyo’s Nikkei index closed 0.4% higher, despite news earlier in the day that Japan had technically fallen into recession for the first time since 2010 after two straight quarters of contraction.
The indexes in Hong Kong, Seoul, Shanghai and Sydney also ended in positive territory, while Taipei dropped 0.6%.
The positive trend has spilled over into Europe, as London’s FTSE is up 2.6%, the CAC-40 in Paris has gained 2.4%, and the DAX index in Frankfurt has soared 2.8%.
Meanwhile, the price of the U.S. crude oil benchmark, West Texas Intermediate, was trading at $31.04 per barrel, up 5.4%, while Brent crude, the international benchmark, was trading at $33.70 per barrel, up 3.6%.
In equities futures trading, the Dow Jones, Nasdaq and S&P 500 are all trading up 1.5% or better, indicating a good start for Wall Street at its opening bell.

Source: Voice of America


World Bank Group Provides $15.2 Million in Support of Coronavirus Response in Uganda

The World Bank today approved $15.2 million to support Uganda’s efforts to prevent, detect and respond to COVID-19 and strengthen national systems for public health emergency preparedness under a new operation – the Uganda COVID19 Response and Emergency Preparedness Project. The project is financed by an IDA credit of $12.5 million and a grant of $2.7 […]

Global Markets Sluggish Wednesday

Asian markets were mixed Wednesday as optimism over a potential coronavirus vaccine earlier this week steadily begins to fade. The Nikkei index in Tokyo gained nearly 162 points to finish 0.7% higher, while Sydney’s S&P/ASX, the KOSPI in Seoul and Taiwan’s TSEC index had all earned 0.4% by late afternoon. Hong Kong and Shanghai were […]