The Wall Street Journal reported Saturday that former President Donald Trump has considered replacing the acting attorney general with an official willing to pursue unfounded allegations of election fraud and pushing the Justice Department to demand the Supreme Court invalidate President Joe Biden’s victory. The newspaper added, citing people familiar …
Read More »Eurozone Preliminary Manufacturing PMI Arrives at 54.7 in Jan
The Eurozone manufacturing sector activity slowed this month, although bettered the consensus forecast, the latest manufacturing activity survey from IHS/Markit research showed on Friday. The Eurozone Manufacturing purchasing managers index (PMI) improved from 55.2 in December to in January and over 54.6 expected. The IHS Markit Eurozone PMI Composite arrived …
Read More »ECB Press Conference: Lagarde’s Remarks Highlights
The European Central Bank (ECB) decided to leave key rates and the size of its Pandemic Emergency Purchase Programme (PEPP) at the end of its monetary policy meeting held this Thursday. Highlights Quotes“Pandemic poses serious risks; vaccination important milestone.”“New surge in infections, restrictions are disrupting.”“Services severely curbed.”“Economy likely contracted in Q4; …
Read More »ECB Press Conference: Lagarde Speech Live Stream – January 21
ECB Leaves Key Rates Unchanged
the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on its main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively. The European Central Bank boosted its massive stimulus program in …
Read More »Bank of Canada Maintains Main Rate Unchanged
The Bank of Canada (BoC) has decided to maintain its current interest rate unchanged at 0.25%. The Canadian central bank has vowed to maintain the low rate until the economic recovery from the impact of the Coronavirus pandemic is well underway. This comes against some market expectations the BoC may …
Read More »EIA expects US Shale oil Production to Fall by 90,000 BPD in February
The US Energy Information Administration said in a monthly report, Tuesday, that US oil production from the seven major shale formations is expected to decline by about 90 thousand barrels per day in February to about 7.52 million barrels per day. The data showed that production in nearly every rocky …
Read More »Britain Inflation Rose More Than Expected in December
Official data revealed on Wednesday that UK inflation rose more than expected in December as transport costs such as airline tickets pushed it higher. The Office for National Statistics said the consumer price index rose 0.6% year-on-year after a 0.3% increase in November. A Reuters poll of the opinions of …
Read More »JPMorgan Bank’s Quarterly Earnings And Revenues Beat Expectations
JPMorgan announced its quarterly results (Q4 2020), which were better than expectations. Earnings per share: $3.79 per share, versus expectations of $2.62 per share, according to Refinitiv Revenue: $30.16 billion, versus forecast $28.70 billion
Read More »US: Weekly Initial Jobless Claims Rise to 965K
There were 965,000 initial claims for unemployment benefits in the US during the week ending January 9, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 784,000 and came in worse than the market expectation of 795,000.
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