Also in the green again just under 3 percent for the week the market is reacting to hopes of some future stimulus in south africa the all sure was a roller coaster this week it actually ended up on a stronger rand even as new data did show that the economy was already contracting prior to the pandemic and lets move over to european markets we have some a little bit of a mix here the footsie 100 finished down for the week as concerns over coronavirus started to grow in the country starts to lift more restrict restrictions well the french cac and german dax are in the green for the week as well both fell slightly on friday over the pandemic but positive Economic Data really helped to maintain some of those gains and lets move across the atlantic to brazil where the evil best buy is in the green the end x. Gained 31 percent in the 2nd quarter of this year but its still down about 20 percent from year to date these are from highs seen at the. End of january the b. M. V. In mexico also mana
Is confirming today that its going to be testing a mobile app for storing and exchanging the war on not a big court. The world learned about this when this screenshot appeared on social media take a look at that right there see it you can see there from the image that this appears to be sort of a Marketing Tool to get citizens chinese citizens comfortable with the idea of using and trusting Digital Currency now its important to mention that china is stressing that this really is quote only a test but is it and if it isnt why are they so ahead of the game at this point force right forbes one of the worlds leading business periodicals is warning the white house right now the trepan ministration not to continue its present course of banning and attacking cryptocurrency in fact let me show you this recent headline from forbes it says quote why trump should unveil a u. S. Answer to big coin to rival chinas digital one should the white house he that advice so what are we going to do were goi
Is confirming today that its going to be testing a mobile app for storing and exchanging the on not as a paper entity by the way but rather as a digital entity like for example. The world learned about this when this screenshot appeared on social media take a look at that right there see it you can see there from the image that this appears to be sort of a Marketing Tool to get citizens chinese citizens comfortable with the idea of using and trusting Digital Currency now its important to mention that china is stressing that this really is quote only a test but is it and if it isnt why are they so head of the game at this point force forbes one of the worlds leading business periodicals is warning the white house right now to try. But ministration not to continue its present course of banning and attacking cryptocurrency in fact let me show you this recent headline from forbes it says quote why trump should unveil a u. S. Answer to big coin to rival chinas digital one should the white h
Also in the green again just under 3 percent for the week the market is reacting to hopes of some future stimulus in south africa the all sure was a roller coaster this week it actually ended up on a stronger rand even as new data did show that the economy was already contracting prior to the pandemic and lets move over to european markets we have some a little bit of a mix here the footsie 100 finished down for the week as concerns over coronavirus started to grow in the country starts to lift more restrict restrictions well the french cac and german dax are in the green for the week as well both fell slightly on friday over the pandemic but positive Economic Data really helped to maintain some of those gains and lets move across the atlantic to brazil where the evil best is in the green the end gained 31 percent in the 2nd quarter of this year but its still down about 20 percent from year to date these are from highs seen at the end of january the b. M. V. In mexico. Also managed to
The week the ruble had struggled in recent weeks as oil prices fluctuated but following the constitutional reform this week the countrys currency strengthened against the dollar its looking ahead now russias alfa bank warned that the u. S. Could play sanctions on russia if the report regarding bounties on u. S. Soldiers is confirmed and lets move over to asian markets where the shanghai composite is up on the week its hitting new 52. 00 week highs the composite gained 2 percent on friday alone after positive data showed increased prospects of economic recovery after the pandemic in hong kong the hong saying also up this week with 3 percent gains on thursday this is after promising news regarding a possible vaccine friday saw gains due to positive Economic Data and even a better than expected jobs report out of the us now some of the biggest winners this week for hong kong were the Hong Kong Exchanges and a clearing ltd and tech giant 10 percent which both hit the 52 week highs. Pans ni