The number of job openings on the last business day of August declined to 10.4, the U. S. Bureau of Labor Statistics announced in its latest Job Openings and Labor Turnover Summary (JOLTS) on Tuesday. This report doesn’t seem to be having a significant impact on the U. S. dollar’s …
Read More »IMF cuts 2021 global growth forecast
The International Monetary Fund is less optimistic about the global economy for 2021, but still sees reasonable growth over the medium term. The World Economic Outlook, published Tuesday, expects global gross domestic product to grow by 5.9% this year; 0.1 percentage point lower than July estimate. For next year, the …
Read More »U.S. futures shaken over worsening energy prices
Stock futures have been shaken as rising energy prices worsened concerns about inflation in addition to the lingering worries on China’s property sector, factors that together weighed on sentiment. Investors are looking to the third-quarter earnings season, which begins this week, for clues on how companies are faring with price …
Read More »Europe’s stocks fall as inflation concerns accumulate
European stocks fell as investors’ concerns about rising energy prices and events in China are building up. Stock indexes have been dragged lower in choppy trading in recent weeks. Frankfurt’s DAX was 0.3% lower, underperforming other European indexes. Germany’s ZEW survey of economic sentiment weakened for the fifth straight month …
Read More »GBP continues to skyrocket towards ¥155
The British pound initially dipped slightly to open up the Asian portion of the trading session on Tuesday, but turned right back around to rally towards the ¥155 level.The British pound has initially pulled back just a bit against the Japanese yen during Asian trading, only to turn around and …
Read More »Bitcoin climbs above $57000
Bitcoin climbed above $57000 on Monday as it continues to dominate institutional capital flows and traders resume push for record highs.The largest cryptocurrency rose for the first time since May extending its two-week rally. It’s up over 30% in October, currently trading at around $57187.Bitcoin’s surge is due to two …
Read More »NZD/USD pressured below 0.6950 amid stronger USD
NZD/USD has surrendered the previous session’s gains on Tuesday in the Asian session. The buying pressure in the U. S. dollar keeps NZD/USD unsteady. NZD/USD is trading at 0.6933, down 0.12% for the day, the U. S. Dollar Index (DXY), which measures its performance against its six major rivals, trades …
Read More »Markets need answers to U. S. labour shortage puzzle
Companies and businesses, across the U. S. A., encounter staffing shortages. The whole country wonders why these labor deficiencies take place.One reason is that a lot of people have lost jobs Since COVID-19 plagued America, but people also have reset their job related preferences. Changes also impact what people accept …
Read More »Oil price jumps above $80 as natural gas races higher
Crude prices surged as traders expect oil and natural gas production will be limited by a global drive to lower carbon emissions and a mix up secure supplies.U.S. crude rose 1.5% to $80.52 a barrel on Monday, closing above $80 for the first time since 2014 and bringing its climb …
Read More »Gold markets go back and forth on Monday
Gold prices have gone back and forth during Monday’s trading session, and continued to hang out above the $1750 level.Investors continue to pay close attention to interest rates in the U. S, as they will have a massive influence on what happens next.A breakdown below the $1750 level could send …
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