Global Markets Mixed on Thursday

Global markets were mixed Thursday, with Asian indexes struggling despite good economic news from China.
Japan’s Nikkei index closed 0.2 percent higher, while the TSEC 50 in Taipei finished 0.6 percent higher. The indexes in Hong Kong, Shanghai and Sydney were all in negative territory, with investors apparently unmoved by Beijing’s announcement that exports rose 3.5 percent from a year earlier, a further sign the world’s economy is slowly recovering from the coronavirus pandemic.
Meanwhile, European markets were trending upward, with the FTSE in London up 0.4 percent by mid-morning, the CAC-40 in Paris trading 0.5 percent higher and the DAX in Frankfurt up 0.7 percent.
Oil markets were also making gains Thursday, with West Texas Intermediate crude, the U.S. benchmark, selling at $24.08 per barrel, up 0.3 percent, while the international benchmark Brent crude trading flat at $29.73 per barrel.
In index futures trading, the Dow Jones, S&P 500 and Nasdaq were all trading well above 1 percent.

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 […]