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  • *Ireland Feb Manufacturing PMI 52.0 Vs. 51.8 In January
    on March 1, 2021 at 4:20 am

    Ireland Feb Manufacturing PMI 52.0 Vs. 51.8 In January The material has been provided by InstaForex Company - www.instaforex.com

  • China Manufacturing PMI Slows In February - Caixin
    on March 1, 2021 at 2:55 am

    The manufacturing sector in China continued to expand in February, albeit at a slower pace, the latest survey from Caixin showed on Monday with a manufacturing PMI score of 50.9. That's down from 51.5 in January, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Individually, output expanded modestly amid a softer rise in new work as the pandemic weighed on export sales and supplier performance. Greater prices for raw materials and higher transport costs led to a further substantial rise in input costs. As a result, prices charged by manufacturers rose solidly as companies looked to partially pass on higher cost burdens to customers. Business confidence improved on hopes for a global economic recovery in the months ahead. The material has been provided by InstaForex Company - www.instaforex.com

  • *China Manufacturing Index 50.9 In February - Caixin
    on March 1, 2021 at 2:46 am

    China Manufacturing Index 50.9 In February - Caixin The material has been provided by InstaForex Company - www.instaforex.com

  • Japan Manufacturing PMI Moves To Expansion In February - Jibun
    on March 1, 2021 at 2:40 am

    The manufacturing sector in Japan climbed into expansion territory in February, the latest survey from Jibun Bank revealed on Monday with a 22-month high manufacturing PMI score of 51.4. That's up from 49.8 in January and it moves above the boom-or-bust line of 50 that separates expansion from contraction. Individually, output and new orders expanded modestly, while input prices rose at their fastest pace in two years. At the same time, employment levels continued to decrease in February, although the pace was softer than that seen in the previous month and marginal overall. Positive sentiment reached its strongest level since July 2017. The material has been provided by InstaForex Company - www.instaforex.com

  • Philippines Manufacturing PMI Unchanged In February - Markit
    on March 1, 2021 at 2:30 am

    The manufacturing sector in the Philippines was steady in February, the latest survey from Markit Economics showed on Monday with a manufacturing PMI score of 52.5. That's unchanged from the January reading and it remains above the boom-or-bust line of 50 that separates expansion from contraction. Individually, output and new orders rose modestly, while there was the sharpest rise in pre-production inventories in almost five years. Input price inflation quickened amid higher material costs. Expectations regarding output in the year ahead remained positive overall. The degree of optimism improved from that seen in January, with firms often mentioning hopes of a return to normality. The material has been provided by InstaForex Company - www.instaforex.com

  • Thailand Manufacturing PMI Drops In February - Markit
    on March 1, 2021 at 2:25 am

    The manufacturing sector in Thailand continued to contract in February, and at a faster pace, the latest survey from Markit Economics showed on Monday with a manufacturing PMI score of 47.2. That's down from 49.0 in January and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction. Individually, there were faster declines in output, new orders and purchasing, while manufacturers look increasingly pessimistic about the next 12 months. With demand for inputs weak, average input prices rose only fractionally in February. Meanwhile, manufacturers cut their output prices for the second month running in an effort to boost sales. The material has been provided by InstaForex Company - www.instaforex.com

  • Indonesia Manufacturing Sector Slows In February - Markit
    on March 1, 2021 at 2:20 am

    The manufacturing sector in Indonesia continued to expand in February, albeit at a slower pace, the latest survey from Markit Economics showed on Monday with a manufacturing PMI score of 50.9. That's down from 52.2 in January, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Individually, output growth fell to a four-month low while inflationary pressures were at their strongest since late 2018. Input costs increased substantially, with the rate of inflation quickening to the sharpest since October 2018. Higher costs for raw materials were widely mentioned amid supply shortages and difficulties sourcing inputs from abroad. Employment neared stabilization. The material has been provided by InstaForex Company - www.instaforex.com

  • Myanmar Manufacturing PMI Plummets In February - Markit
    on March 1, 2021 at 2:15 am

    The manufacturing sector in Myanmar continued to contract in February, and at a much faster pace, the latest survey from Markit Economics showed on Monday with a record-low manufacturing PMI score of 27.7. That's down sharply from 47.8 in January and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction. Individually, output and new order volumes contracted at the sharpest rate on record as the state of emergency imposed on 1 February contributed to a seize-up in factory operations and demand. Firms reported lower intakes of new orders during the month, with firms reporting client business closures. The material has been provided by InstaForex Company - www.instaforex.com

  • Malaysia Manufacturing Sector Weakens In February - Markit
    on March 1, 2021 at 2:10 am

    The manufacturing sector in Malaysia continued to contract in February, and at a faster pace, the latest survey from Markit Economics showed on Monday with a manufacturing PMI score of 47.7. That's down from 48.9 in January and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction. Individually, output and new orders were scaled back again as international restrictions dampened export demand - although business optimism gathered some momentum. Ongoing supply chain disruptions often meant that businesses reported difficulties in sourcing inputs for production, reflected in a fall in purchasing activity. The material has been provided by InstaForex Company - www.instaforex.com

  • Vietnam Manufacturing PMI Improves To 51.6 In February - Markit
    on March 1, 2021 at 2:05 am

    The manufacturing sector in Vietnam continued to expand in February, and at a faster pace, the latest survey from Markit Economics showed on Monday with a manufacturing PMI score of 51.6. That's up from 51.3 in January and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Individually, cost inflation remained sharp amid ingoing supply chain disruption, while business sentiment fell to a six-month low. Employment increased for the second time in three months as firms responded to rises in demand and production requirements. The material has been provided by InstaForex Company - www.instaforex.com

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  • BTC plunges on Yellen’s warning
    on March 1, 2021 at 6:02 am

    US Treasury Secretary Janet Yellen has sounded an alarm over the danger of bitcoin use in illicit activities. As a result, the top cryptocurrency plunged by over 13%.Yellen’s harsh criticism of digital cash, primarily bitcoin, did not go unnoticed and the crypto market suffered a sharp drop. Other tokens followed suit. Thus, Ethereum fell by 19%, Litecoin was down by 18%, XRP sagged by 17%, and Dogecoin lost 14%."I don’t think that bitcoin … is widely used as a transaction mechanism. To the extent it is used I fear it’s often for illicit finance. It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering," the Treasury Secretary stated.In addition to risks related to money laundering and terrorist financing, bitcoin mining, as well as operations of the entire network, requires an unreasonably large amount of electricity. In the process of mining, high-power computers leave an annual carbon footprint equal to the electric consumption of countries such as New Zealand, experts at Digiconomist say.Janet Yellen proposed to create an alternate virtual coin - Fed’s digital US dollar. "I think it could result in faster, safer and cheaper payments, which I think are important goals," she said.The material has been provided by portal MT5.com - www.mt5.com

  • Pfizer vaccine reduces COVID-19 transmission by nearly 90%
    on February 26, 2021 at 4:17 pm

    According to the data collected by the Israeli Health Ministry, as well as by Pfizer and BioNTech, the vaccine is almost 90% effective in reducing coronavirus transmission. The joint study of the pharma companies and the Ministry of Health of Israel proved that the vaccine created by Pfizer and BioNTech is highly effective as it prevents further spread of the virus in 89.4% of cases. The study was held in Israel where almost a third of the population has been vaccinated. Researchers state that among those who received two doses of the vaccine, 1,842 cases of COVID-19 infection were reported. At the same time, 76,797 infection cases were found in the unvaccinated group. The Lancet medical journal has recently published a study of the Sheba Medical Center in Israel. According to it, the efficacy rate of the Pfizer and BioNTech vaccine is 85%. This result is achieved right after the first vaccine dose is administered. At the same time, the vaccine reduces the risk of contracting infection by 75%. In November 2020, Pfizer claimed that its vaccine was 95% effective and showed great results in all groups of volunteers regardless of age, gender, or ethnicity. The material has been provided by portal MT5.com - www.mt5.com

  • Biden wants to stand up to China together with EU
    on February 26, 2021 at 10:47 am

    US president Joe Biden, unlike his predecessor Donald Trump, has no intention of losing allies. Instead, he is determined to cement these relations and show a united front against China. During the Munich Security Conference, Biden revealed his plans for the near future. In fact, some countries were not best pleased. Thus, the American leader is eager to restore ties with all its partners, primarily the European Union, and to hold China to account for its economic practices."Everyone must play by the same rules," Biden told the Munich Security Conference. The president’s speech caught China by surprise. During his presidential campaign, Biden repeatedly declared that he was not going to resort to Donald Trump’s aggressive rhetoric against China. He promised to act primarily within the framework of international agreements and organizations such as the World Trade Organization and the World Bank. Today, however, Washington seeks to maintain a tough stance against the Chinese government. "We have to push back against the Chinese government’s abuses and coercion that undercut the foundations of the international economic system," Biden stated.The US hopes that Europe will be its main partner in the trade confrontation with China. Therefore, Biden solemnly promised to rekindle the country’s relations with the ally: "I know the past few years have strained and tested our transatlantic relationship, but the United States is determined to re-engage with Europe."The material has been provided by portal MT5.com - www.mt5.com

  • COVID-19 deaths exceed human losses in three wars
    on February 26, 2021 at 10:07 am

    According to the data provided by The New York Times, in the US, the number of deaths caused by COVID-19 reached 500 thousand. Experts have estimated that the figure exceeds human losses in three wars, including World War I, World War II, and the Vietnam War.At the same time, a report prepared by Johns Hopkins University showed that the coronavirus killed 498.8 thousand people. The US Department of Veterans Affairs emphasizes that World War I took 53.4 thousand lives, whereas in the Second World War, the number of persons killed totaled 291.5 thousand. In the Vietnam War, 47.4 thousand people died.Earlier, the US reported on the largest number of new virus cases and deaths from COVID-19. The most significant daily increase was recorded on January 2, 2021. That day, the number of confirmed cases totaled 300 thousand. On February 19, the indicator declined to 106.3 thousand.Brazil (246.5 thousand) and Mexico (179.9 thousand) are among the three countries with the biggest number of deaths caused by the coronavirus infection. In Russia, the pandemic took 83.2 thousand lives. The data from the Federal State Statistics Service of Russia unveiled that from April to December 2020, the coronavirus outbreak led to 162.2 thousand deaths. The report takes into account the cases when COVID-19 affected the underlying disease and caused complications leading to death. According to statistics, Russia is the fourth country with the highest death toll.The material has been provided by portal MT5.com - www.mt5.com

  • Tesla makes more money on bitcoin than on electric cars
    on February 26, 2021 at 9:03 am

    Another courageous decision made by Tesla founder Elon Musk resulted in hefty returns for the company. While investors criticized Musk's initiative to buy bitcoins and demanded to limit the amount that can be invested in cryptocurrencies, Tesla’s revenue from bitcoins turned out to be higher than that from selling cars.Earlier, Elon Musk announced that Tesla had purchased $1.5 billion worth of the cryptocurrency. This move caused another jump in the price of BTC. As a result, Tesla made $1.08 billion from its bitcoin investment. According to data from bitcointreasuries.org, the carmaker holds $2.58 billion in its corporate account.Ironically, the company's monthly earnings from investing in bitcoin topped its earnings from selling cars over the whole past year. At the end of 2020, Tesla generated $721 million in revenue from electric car sales and $1.08 billion from its investment in the cryptocurrency.Tesla is currently the second largest company in the world in terms of the number of bitcoins in its investment portfolio. MicroStrategy Inc., an analytics software provider, is ranked first on this list.The material has been provided by portal MT5.com - www.mt5.com