The dollar posted weekly gains due to fears of spreading waves from the Covid-19 pandemic. The total number of cases in Germany increased by 913 to 173,152 on Thursday and Friday. While the number of dead rose 101 to 7,824 after the country made lockdown relaxation. New cases have also been noted in various countries which loosened lockdown rules, dashing optimism about the recovery of the global economy. To get more news about WikiFX, you can visit wikifx news official website.
With the waning hopes of a global economy recovering quickly, market participants are again after safe haven assets, such as the US dollar. Safe-haven demand increased after renewed tensions between the US and China. President Trump stated that he was reluctant to dialogue with President XI Jinping and said that his party could have cut off relations with China. The pound fell 0.6% last Friday to $ 1.2155, the lowest since March 27, after European Union Brexit negotiator Michel Barnier said on Friday that the third round of talks with Britain was "disappointing". While the euro also fell after data showing the German economy contracted 2.2% in the 1-2020 quarter. At present the German economy has entered a recession from the 2009 financial crisis.
Spot gold prices touched a 7.5-year high last Friday, while US gold futures rose to a one-month high after disappointing US data. Last Friday's data showed retail sales fell 16.4%, while industrial output fell 11.4%, marking the worst monthly performance for both data because the Covid-19 pandemic nearly paralyzed the US economy. . The price of gold has soared following the escalation of new US-China tensions. Although overshadowed by concerns about renewed tensions between the US and China, oil prices managed to strengthen last week. Sentiment that drives oil prices includes efforts to cut output by oil producing countries. Saudi Arabia said Monday it would cut more production by 1 million bpd in June. Meanwhile, although US President Donald Trump is outraged against China, this can be masked by Chinese data, which led WTI to rise to the $ 30 per barrel area. Data last Friday showed China's industrial output rose 3.9% in April, recovering after falling 1.1% in March.
Oil prices also rose after the number of rigs in the US declined, as well as EIA data that showed US oil reserves fell for the first time in 15 weeks by 745 thousand barrels. On Friday the price of WTI oil rose 6.8% to $ 29.43 a barrel, while Brent rose 4.4% to $ 32.50. During the week WTI rose 19%, while Brent rose 5%. US stock index futures gained amid mixed sentiment after the reopening of the economy around the world was offset by warnings that economic recovery will take a long time. The S&P 500 index rose 0.6%. Meanwhile, Asian stock index futures moved varied. In Asia, the Hong Kong futures index fell, but shares in Japan and Australia strengthened. Focus This Week: Powell, Bailey, Lowe & PMI Data There are three central bank officials who will deliver speeches this week, they are the chairman of the Fed, Jerome Powell, BoE Governor Andrew Bailey, and RBA Governor Phillip Lowe. Another market focus is PMI data services and manufacturing services in the UK and US. Other data that is worth looking at is the US Jobless Claims and the Philly Fed Manufacturing Index. Meanwhile, the Fed will also release its minutes.

If you win the lottery in New Jersey, you can now choose to stay anonymous, after a new law was signed by Democratic Governor Phil Murphy on Tuesday.Get more news about 包网公司,you can vist nb68.com

The bill, which had bipartisan Democratic and Republican sponsorship, passed the Legislature unanimously. The law takes effect immediately, but it will take some time for the New Jersey lottery commission to write the necessary regulations to allow winners to keep their identities private.

Sponsors of the legislation say it's targeted at what they term the "lottery curse" - abuse and threats that lottery winners can experience when their identities become public. "The winners should have the option of remaining anonymous if they want to stay out of the limelight and away from unwanted attention," said Senate President Steve Sweeney. Up to now, the New Jersey State Lottery Commission could put out press releases with a winner's name, town, and county. That includes winners of New Jersey games plus multi-state games like Powerball and Mega Millions. A request for a winner's information could also be made via the state's Open Pulic Records Act.

Critics of anonymity argue that publicizing winners' names is key to citizens' trust in the lottery. The lottery in New Jersey is "a very public game," says the lottery commission's acting director, James Carey. "It is an arm of the state of New Jersey. We're dealing with public money. And the public has the right to know who's getting the money."

Former Governor Chris Christie agreed, saying that anonymity would "undermine the transparency" of the lottery. He vetoed a 2013 bill that would have allowed jackpot winners to stay anonymous for a year.

New Jersey joins a growing number of states that allow winners to stay anonymous. Five years ago, only five states shielded winners' identities, but with New Jersey's new law the total stands at 11 states that allow anonymity in at least some cases.In Arizona, winners of $100,000 or more can now keep their name off the public record permanently. However, their city and county of residence are not private. "Winning the lottery shouldn't come at the expense of someone's safety or privacy," Gov. Doug Ducey's spokesman said.

The state's previous policy also applies, so the name of any winner of $600 or more is kept private for 90 days.

Virginia's 2019 law is somewhat more restrictive, allowing winners of prizes over $10 million to stay anonymous. The amount of the prize and the store that sold the winning ticket can be publicized, but not the winner's name or town. However, the details of winners of $10 million and below will still be public record and can be released by the lottery.