The seasonally adjusted Gross Domestic Product (GDP) expanded by 12.5% in the third quarter in the euro area, the data published by the Eurostat showed on Tuesday. On a yearly basis, the euro area GDP contracted by 4.3% in Q3 and came in slightly better than the market expectation for …
Read More »EU Commission: Brexit Talks Can Continue After Transition Period Ends
A spokesperson for the European Commission said on Tuesday that they are not excluding that Brexit talks can continue after the transition period ends, as reported by Reuters.
Read More »UK Vaccination Programme Getting Under Way
The process of vaccination against the Coronavirus officially began in Britain, after the authorities allowed the use of Pfizer and Biontech vaccine a week ago, thus becoming the first in-country in Europe to start mass vaccination of the people in what was called a critical turning point in eliminating the …
Read More »US Nonfarm Payrolls Rise by 245,000 in November
Nonfarm Payrolls (NFP) in the US rose by 245,000 in November, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed October’s increase of 610,000 and missed the market expectation of 469,000 by a wide margin.
Read More »US: Weekly Initial Jobless Claims Dropped to 712K
There were 712,000 initial claims for unemployment benefits in the US during the week ending November 28, the data published by the US Department of Labor (DOL) showed on Thursday. This reading followed last week’s print of 787,000 and came in better than the market expectation of 775,000.
Read More »US: Record Number of Coronavirus deaths
The number of Coronavirus deaths in the United States rose by 3,157 yesterday to record the largest number since the start of the pandemic. 20,070 people tested positive for Corona, as California broke a new record of daily infections. Meanwhile, the US Center for Disease Control has cut the quarantine …
Read More »Trump Could Run for President Again in 2024 – Reuters
The President of the United States, Donald Trump, could be preparing another campaign to run for the presidency in 2024, Reuters reported on Wednesday. Trump, who is yet to concede his loss in the recent elections to President-elect Joe Biden, reportedly told an assembled group earlier that “we are trying …
Read More »US: ADP Employment Change Arrives at +307K in November
Employment in the US’ private sector increased by 307,000 in November, the monthly data published by the Automatic Data Processing (ADP) Research Institue revealed on Wednesday. This reading followed October’s increase of 404,000 (revised from 365,000) and missed the market expectation of 410,000.
Read More »ISM Manufacturing PMI Retreats to 57.5
The ISM’s Manufacturing PMI in November declined to 57.5 in November from 59.3 and fell short of analysts’ estimate of 58.
Read More »US Pending Home Sales Falls in October
The United States Pending Home Sales Index decreased by 1.1% to 128.9 in October, according to data released by the National Association of Realtors on Monday. On an annual basis, pending homes sales surged by 20.2% last month.
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