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Unit Labor Costs in the US’ nonfarm business sector declined by 8.9% on a yearly basis in the third quarter, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading followed an 8.5% (revised from 9%) increase in the previous quarter and came in better …

There were 751,000 initial claims for unemployment benefits in the US during the week ending October 31st, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed last week’s print of 758,000 (revised from 751,000) and came in worse than the market expectation of …

Planned job cuts in the US-based employers declined to 80,666 in October from 118,804 in September, Challenger Gray & Christmas announced in its latest Job Cut Report on Thursday. “October’s total is 32% lower than the 118,804 cuts announced in September,” the publication read. “It is 60% higher than the 50,275 …

Oil prices fell Thursday, November 5, as Democratic candidate Joe Biden approaches victory in the exciting US presidential election, but Republicans are likely to retain control of the Senate, reducing the chances of implementing any major easing package from the repercussions of the Covid-19 pandemic. By 07:56 GMT, WTI futures …

US President Donald Trump has 49.6% and former Vice President Joe Biden has 49.2% in the battleground state of Georgia with 96% of votes tallied so far, Reuters reported, citing the latest data from Edison Research.

European stocks reached a two-week high Thursday, November 5th, buoyed by a combination of strong business results and further stimulus for the British economy and the rise of Wall Street after the outcome of the US presidential election race became unpredictable. In its fifth day of gains, the European Stoxx600 …

The US dollar weakened against major currencies on Thursday as uncertainty over the US presidential election persists. This morning the euro was trading at 1.1799 against the dollar. The EUR/USD recently jumped to a weekly high above 1.18 as investors are optimistic about Biden’s victory in the elections. In the …

Gold prices rose in a limited range Thursday (November 5th), as investors expressed cautious optimism about Democratic candidate Joe Biden’s victory over his rival, President Donald Trump, in the close-range US presidential elections. Analysts expect Biden to likely take greater stimulus measures than his rival, the Republican president, although the …

The US Energy Information Administration said on Wednesday that crude oil inventories in the United States fell significantly in the past week, while gasoline inventories rose and distillate stocks decreased. Crude stocks fell by 8 million barrels in the week to October 30, compared to analysts’ expectations in a Reuters …

Following the BOE’s policy announcement, the central bank released the minutes of the meeting, with the key highlights found below (via Reuters). “Market participants attach some weight to the possibility of a negative bank rate.The market path for interest rates averages zero over the forecast period.Market-implied path for bank rate …