ShreeMetalPrices: Dollar Increases as China Upholds Strict COVID Policy, Reducing Risk Perception
The expectation of an eventual reopening in the second-largest economy in the world. Which had earlier sparked a wide surge in riskier assets, was dashed after China indicated it is sticking itself with severe COVID restrictions. The dollar Increases on Monday as confidence worsened. Even though the COVID-19 outbreak has been going on for nearly […]
ShreeMetalPrices: Chinese EV manufacturer is forced to halt production due to Covid -19 restrictions
Due to Covid limitations and the most recent spike in infections in the nation, China’s Nio, an EV manufacturer, has halted production. (Read More)According to a company spokesman. “The news that manufacturing at Nio’s factories has been temporally pause is correct and this will have an effect on manufacturing and delivery dates.“ The latter referenced […]
Oil prices drop Due to Recession Concerns and China COVID issues.
On Tuesday, An increase in oil price declines of more than 1%, adding to losses of almost 2% from the previous day as concerns about global demand were increased by recession fears and a spike in COVID-19 cases in China. On Monday, Kristalina Georgieva, the managing director of the International Monetary Fund, and World Bank […]