Net Change in Employment in Canada rose by 245,800, compared to analysts’ estimate of 275,000, in August and brought the Unemployment Rate down from 10.2% in August from 10.9% in July, Statistics Canada reported on Friday. “The number of Canadians who were employed but worked less than half their usual …
Read More »US NFP Surges by 1.37 M in August
The US Non-Farm Payrolls report (NFP) released by the United States Bureau of Labor Statistics on Thursday increased by 1,371,000 in August. This reading fell short of the market expectation of 1.4 million and followed July’s print of 1,734,000 (revised from 1,763,000). Other details of the release indicated that the …
Read More »WHO is Ruling Out Making COVID-19 Vaccines Widely Available Before mid-2021
A spokeswoman for the World Health Organization said that the organization does not expect to provide immunization and prevention on a large scale from the disease Covid-19 before the middle of next year, stressing the importance of conducting accurate tests to ensure the effectiveness of vaccines and the safety of …
Read More »Weak Increase in German Industrial Orders Dashed Hopes For a Strong Recovery
Data showed that German industrial goods orders increased less than expected at 2.8% on a monthly basis in July, further hampering hopes that Europe’s largest economy could recover strongly in the third quarter from the coronavirus crisis. The increase comes compared with a Reuters forecast of a 5% rise and …
Read More »US Dollar heading Towards biggest Weekly Rise in 4 Months
The US dollar extended its gains, and heading towards its largest weekly gain in nearly four months as an overnight drop in US tech stocks, which rose significantly, fueled a bout of risk aversion in global markets. Nasdaq index decline, as it fell nearly 5% during the session after closing …
Read More »Japan Shares Closing Lower But Nikkei is up 1.4%
Japanese stocks closed lower, after a wave of selling in technology shares that rose a lot on Wall Street pushed the market to its biggest drop in nearly three months. However, Tokyo markets closed the week higher. The benchmark Nikkei index closed 1.1% down at 23,205.43 points, shy of its …
Read More »European Shares Opened Lower on Weak Technology Sector
European stocks opened lower, as turmoil continued, fueled by technology stocks from the previous session, while banking stocks were supported by merger talks between two major banks in Spain. The pan-European STOXX 600 index fell 0.9% in early trade after having seen its worst session in more than a month …
Read More »Gold Rises as Stocks Decline
Gold prices rose, as US Treasury bond yields and global stocks declined, which boosted demand for the precious metal, which is considered a safe haven ahead of job data in the non-agricultural sectors in the United States, but the strong dollar puts gold on a weekly decline path. In spot …
Read More »Nikkei Down 1.43% in Early Trading in Tokyo
The Nikkei benchmark fell in early trading on the Tokyo Stock Exchange on Friday, September 4th. Nikkei fell 1.43% to 23130.32 points, while the broader TOPIX index fell 1.22% to 1611.33 points.
Read More »Dow Jones Down About 1,000 Points
Wall Street’s main indexes closed sharply lower Thursday, September 3, marking the worst daily drop since June, as investors sold technology stocks that were making big gains, while economic data highlighted concerns about the length and difficulty of the recovery. The Dow Jones Industrial Average fell 807.77 points, or 2.78%, …
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