German economy improves
Germany’s IFO business climate judgment index continued to rise to 90.5 in July, the third consecutive month of rising, and was higher than market expectations of 89.3. The previous value was revised to 86.3, reflecting the further strengthening of German business confidence. The IFO said that the data reflects that Germany’s economy has started well in the third quarter and maintains its forecast that the economy will rebound by 6.9% quarter-to-quarter.
U.S. 1 trillion dollar anti-epidemic stimulus plan is fraught with difficulties
The latest news is that Republicans in the US Senate announced a $1 trillion stimulus plan to fight the epidemic. Republican lawmakers proposed to lower the weekly supplementary unemployment benefit from $600 to $200 until states can establish a system to provide unemployed people with relief equivalent to 70% of their pre-unemployment income, fearing opposition from Democrats. In addition, the Republican Party has not fully resolved the differences in the scale and scope of the federal anti-epidemic supplementary expenditure, which may increase the difficulty of negotiations with the Democratic Party.
—————————————————————
Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading & margin trading can be substantial. Visit the company website to read full risk warning. https://bullion.z.com/en/about/legal/risk/
Service relating to Over-the-counter (OTC) Gold Bullion/Silver trading is provided by MOL. OTC Gold/Silver Bullion trading carries a high degree of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. OTC Gold/Silver Bullion is not regulated by the Securities and Futures Commission (""SFC"") and therefore trading OTC Gold/Silver Bullion will not be subject to rules or regulations promulgated by the SFC. Before deciding to trade OTC Gold/Silver Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain losses in excess of your deposited fund or even more in extreme circumstances and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading OTC Gold/Silver Bullion, and seek advice from an independent financial advisor if you require.