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Latest news for all traders on FOLLOWME.
  • Weekly Notion: Top Five Things to Watch on the Economic Calendar This Week
  • BREAKING: Dollar Plumbs Two-Year Low as Fed Comes In To Focus
  • READ N' GO-Daily News Recap

BREAKING: U.S. Supreme Court Weighs Trump's Bid to Bar Illegal Immigrants From Census Totals

Photo: Reuters WASHINGTON (Reuters) - The Supreme Court on Monday is set to take up President Donald Trump's unprecedented and contentious effort to exclude illegal immigrants from the population totals used to allocate U.S. House of Representatives districts to states. The challengers to Trump's Ju

BREAKING: China's Factory Activity Expands at Fastest Pace in Over Three Years

Photo: Reuters BEIJING (Reuters) - China's factory activity expanded at the fastest pace in more than three years in November, keeping it on track to be the first major economy to fully recover from the coronavirus crisis. The official manufacturing Purchasing Manager's Index (PMI) rose to 52.1 in N

BREAKING: OPEC+ Yet to Find Compromise on Oil Policy for 2021

Photo: Reuters LONDON (Reuters) - The Organisation for Petroleum Exporting Countries (OPEC) and allies led by Russia have yet to find a consensus on oil output policy for 2021, after an initial round of talks on Sunday and ahead of crucial meetings on Monday and Tuesday, four OPEC+ sources told Reut

Australian Market Drifts Lower

The Australian stock market slipped into negative territory on Monday after opening higher following the positive cues from Wall Street Friday amid optimism about coronavirus vaccines and a strong holiday shopping season. Worries about rising Australia-China trade tensions weighed on the market foll

Australia Company Profits Gain 3.2% On Quarter In Q3

Company profits in Australia were up a seasonally adjusted 3.2 percent on quarter in the third quarter of 2020, the Australian Bureau of Statistics said on Monday. That was shy of expectations for a gain of 4.5 percent following the 15 percent spike in September. Profits were up 18.6 percent on year

Win Streak May Continue For Hong Kong Bourse

The Hong Kong stock market has moved higher in six straight sessions, accelerating almost 550 points or 2 percent along the way. The Hang Seng Index now sits just shy of the 26,900-point plateau and it's called to open higher again on Monday. The global forecast for the Asian markets is positive on

Additional Support Expected For China Stock Market

The China stock market has finished higher in two straight sessions, rising more than 45 points or 1.4 percent along the way. The Shanghai Composite Index now sits just shy of the 3,410-point plateau and it's expected to open in the green again on Monday. The global forecast for the Asian markets is

China Manufacturing Sector Picks Up Steam In November

The manufacturing sector in China continued to expand in November, and at a faster pace, the National Bureau of Statistics said on Monday with a manufacturing PMI score of 52.1. That beat expectations for a reading of 51.5 and it's up from 51.4 in October. It also moves further above the boom-or-bus

Japan Industrial Production Jumps 3.8% In October

Industrial output in Japan climbed a seasonally adjusted 3.8 percent on month in October, the Ministry of Economy, Trade and Industry said on Monday. That was roughly in line with expectations and down from the 3.9 percent gain in September. On a yearly basis, industrial production sank 3.2 percent,

BREAKING: Canada Blocks Bulk Exports of Some Prescription Drugs in Response to Trump's Import Plan

Photo: Reuters OTTAWA (Reuters) - Canada on Saturday blocked bulk exports of prescription drugs if they would create a shortage at home, in response to outgoing U.S. President Donald Trump's efforts to allow imports from Canada to lower some drug prices for Americans. "Certain drugs intended for the

WEEKLY NOTION: Energy & Precious Metals

Photo: Reuters Investing.com - It’s a tale of two commodities, and the divergence couldn’t be more startling. Oil is in a bull market, up nearly 30% from a low hit four weeks ago, with crude prices looking like they could reach $50 a barrel soon. Back in April, one couldn’t have even imagined someth

Weekly Notion: Top Five Things to Watch on the Economic Calendar This Week

Photo: Reuters Investing.com -- It’s a big week for U.S. data with the release of the November jobs report on Friday, but market sentiment is more likely to be dictated by news about the timing of vaccine distribution and concerns about more aggressive measures to curb the spread of the virus after

BREAKING: Trump to Add China's SMIC and CNOOC to Defense Blacklist

Photo: Reuters WASHINGTON (Reuters) - The Trump administration is poised to add China's top chipmaker, Semiconductor Manufacturing International Corp (SMIC) and national offshore oil and gas producer, China National Offshore Oil Corporation (CNOOC) to a blacklist of alleged Chinese military companie

BREAKING: Democrat Schumer says $30 Billion in Federal Funds Needed to Distribute COVID Vaccine

Photo: Reuters (Reuters) - Senate Minority Leader Chuck Schumer said on Sunday that $30 billion in federal funds was needed to distribute the COVID-19 vaccine as legislative negotiations over an economic relief bill remain stalled. Schumer, a Democrat, said that New York state alone would need "hund

BREAKING: E.U. Proposes New Post-Trump Alliance with U.S. in Face of China Threat

Photo: Reuters (Reuters) - The European Union (E.U.) is seeking to forge a new alliance with the United States (U.S) to bury the tensions of the Trump era and meet the challenges posed by China, the Financial Times (FT) reported on Sunday, citing a draft plan. The plan proposes rebuilding ties with

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