Oil prices continued to drop to more than 3% after President Trump said he and his wife had tested positive for Covid-19 besides existing concerns about demand. Brent crude fell after Trump’s headlines, down 1.47 cents, or 3.6%, to $ 39.4 a barrel, and US crude fell $ 1.40, or …
Read More »European Stocks Lower as Trump Tested Positive For Coronavirus
European stocks retreated after US President Donald Trump tested positive for Covid-19, which negatively affected stock markets around the world. The pan-European STOXX 600 index fell 1%. The German DAX index and the French CAC 40 index fell 1.3%, while the British FTSE 100 index fell 1%. Today, Friday, Trump …
Read More »Russian Oil And Gas Condensate Output up in September
Interfax reported, citing Russian Energy Ministry data, that oil and gas condensate production rose to 9.93 million bpd in September from 9.86 million bpd in August. Production of oil and gas condensate reached 40.65 million tons in September compared to 41.7 million tons in August. The OPEC + agreement excludes …
Read More »Dollar And Yen Jump After Trump Tested Positive For COVID-19
The dollar jumped and the safe-haven yen reached its highest levels in a week after US President Donald Trump said he had tested positive for COVID-19 and begin a quarantine. The news could cause a new wave of volatility in the market as investors prepare for the November presidential election. …
Read More »US Stock Futures Fall After Trump
Futures contracts for major US stock indices fell after US President Donald Trump announced that he and First Lady Melania had tested positive for Covid-19. The Dow Jones index futures fell more than 400 points, the S&P 500 futures index fell by 2%, while the futures contract on the Nasdaq …
Read More »Trump Says He Has Tested Positive For Covid-19
President Trump announced in a tweet early Friday morning that he and his wife Melania have both tested positive for Covid-19. “We will begin our quarantine and recovery process immediately,” he wrote. “We will get through this TOGETHER!” The news came just hours after it was announced that Hope Hicks, …
Read More »US: ISM Manufacturing PMI Declines in September
The economic activity in the US’ manufacturing sector expanded in September than it did in August with the ISM’s Manufacturing Purchasing Managers’ Index (PMI) edging lower to 55.4 from 56. This reading came in worse than the market expectation of 56.3 Further details of the publication revealed that the Prices Paid …
Read More »US: Annual Core PCE Price Index Edges Higher
The Personal Consumption Expenditures (PCE) Price Index in August rose 0.3% on a monthly basis, the US Bureau of Economic Analysis reported on Thursday. On a yearly basis, the PCE Price Index increased to 1.4% from 1.1% in July. More importantly, the Core PCE Price Index, the Federal Reserve’s preferred gauge …
Read More »US Weekly Initial Jobless Claims Edge Higher to 837K
There were 837,000 initial claims for unemployment benefits in the US during the week ending September 26th, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed last week’s figure of 873,000 and came in slightly worse than analysts’ estimate of 850,000.
Read More »US: Personal Income Falls by 2.7% in August, Personal Spending Rises by 1%
Personal Income in the US declined by 2.7% on a monthly basis in August after rising by 0.5% (revised from 0.4%) in July, the US Bureau of Economic Analysis reported on Thursday. This reading came in slightly worse than the market expectation for a decrease of 2.4%. Further details of …
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