European Markets Begin Week in Positive Territory

European markets are beginning the week on a high note, with all three major indexes making gains in early trading Monday.
The FTSE in London and the DAX in Frankfurt are both 0.4% higher, while the CAC-40 in Paris is down slightly at 0.2%.
The trading day began with significant gains in Asia, led by Hong Kong, which gained 1.5% by its closing day. Japan’s Nikkei index and Taiwan’s TSEC-50 gained just over 1%, while Australia’s S&P/ASX finished 1.3% higher. The indexes in Seoul and Shanghai sustained slight losses.

Investors appear to be showing more confidence in the global economy’s outlook, as nations around the world gradually ease restrictions imposed at the start of the coronavirus epidemic that ground nearly all economic activity to a halt.
In other trading activity, the price of West Texas Intermediate crude, the U.S. benchmark, was at $24.21 per barrel, down 2.1%, while Brent crude, the international benchmark, was at $30.28 per barrel, down 2.2%
All three major U.S. indexes remain in positive territory in futures trading

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 […]