1. U.S. Markets Moving Up along with Global Peers
Stocks in the U.S. market moved up with jobs and other economic data coming out soon. The S&P 500 index traded near a record high with unemployment data giving good indications of economic growth. Monthly payrolls data is due on Friday.
The NASDAQ and S&P 500 traded near record highs today. Moderna moved up after filing initial data with the Food and Drug Administration for clearance of a third-dose of its Covid-19 vaccine.
Stoxx Europe is up by 0.23%
Dow Jones is up by 0.28%
NASDAQ is up by 0.33%
China To Continue Regulations On International Flights Till H1 2022
Air China Airline said it expects China’s aviation regulator to continue the current restrictions on international flights throughout the first half of 2022. This will affect tourism in the Asia-Pacific region as other countries are also having a low vaccination rate.
Russia To Fine Apple And Google Unless They Remove Navalny App
The Interfax news agency reported that Russia’s communications watchdog Roskomnadzor on Thursday decided to fine Apple and Google unless they removed an app created by Kremlin critic Alexei Navalny from their stores. A Russian court declared Navalny’s anti-corruption foundation an extremist organization and banned it. Navalny’s allies have published news and blogs through the app after Roskomnadzor blocked their websites.
Ireland Imposes 225 Million Euro Fine On WhatsApp
Ireland on Thursday fined Facebook-owned- WhatsApp for a total of 225-million-euro (Rs 1,950 crores) fine for breaching EU data privacy laws. This is the largest fine ever imposed by the Data Protection Commission (DPC) and also the second-largest penalty under European Union data laws.
Qatar In Talks With Taliban To Reopen Kabul Airport
Qatar Foreign Minister on Thursday said the government is working with the Taliban to reopen Kabul’s airport as soon as possible. The airport is out of operation and most of its infrastructure is destroyed or degraded. “Hopefully in the next few days, we will hear some good news”, the Minister added.
World Food Prices Rise In August: FAO
The United Nations Food Agency said on Thursday the world food prices rose in August after declining in the previous two months. The jump was majorly seen in sugar, vegetable oils, and some cereals. The Rome-based Food and Agriculture Organization (FAO) also said in a statement that global cereal harvests would come in at nearly 2.788 billion tonnes in 2021, down on its previous estimate of 2.817 billion tonnes.
Bitcoin Moves Above $50,000 as Crypto Rallies
Bitcoin crossed the $50,000 level with the enter cryptocurrency market continuing its rally. Still, Bitcoin is nearly 25-28% below its April 2021 levels before the crypto crash.
The world’s largest cryptocurrency rose to $50,362 today. Ethereum, the second-largest crypto, rose 3% to $3,843, continuing a bull run after an update to the platform last month.
