Daily Economic Reports

Market sentiment remains divided as debt-ceiling talks fails ahead of the US inflation report. The S&P500 Futures print mild gains, US 10-year Treasury bond yields snap four-day winning streak. Updates about US default, banking fallouts can entertain traders ahead of US CPI for April. Risk profile stays sluggish during early …

US President Joe Biden and top lawmakers failed to break a deadlock on Tuesday in face-to-face talks over raising the $31.4 trillion US debt limit but vowed to meet again with just three weeks before the country may be forced into an unprecedented default.Biden called the meeting “productive” and reported …

The dollar rose on Tuesday after a survey showed that credit conditions in the United States were less bleak than expected, while the pound sterling flirted with its highest levels in a year amid expectations that the Bank of England (central) will raise interest rates this week. Currencies were little …

The Euro is at risk due to a number of unanswered questions, such as what central banks will do next and when interest rates will be cut. PMI surveys have turned sharply lower in China and Europe, and the dollar has fallen out of favour as western central bank policy …

Regarding rising interest rates, that appears to be the thinking going through the minds of Bank of England (BoE) policymakers. Despite persistent inflation and salary increases, the “Old Lady” has predicted a downturn. Accordingly, the Bank of England is expected to raise borrowing prices at its forthcoming ‘Super Thursday’ event, …

For the thirteenth week in a row, the US exceeded estimates by 253,000 jobs in April. With an unexpected increase of 0.5%, wage growth revealed a healthy labour market. The market-critical Fed rate hike in June is not likely to occur despite the robust data. March’s reading of 236,000 got …

European stock markets traded higher Friday, as investors digested more corporate newsflow, the European Central Bank’s monetary policy decision ahead of the key U.S. jobs report. At 04:00 ET (08:00 GMT), the DAX index in Germany traded 0.3% higher, the FTSE 100 in the U.K. climbed 0.4%, and the CAC …

Will nonfarm payrolls support Fed’s pause in June? Nonfarm payrolls are an economic indicator that reflects the state of the labor market and the contribution to gross domestic product. They are also known as the jobs report or non-farms. In this context, nonfarm payrolls will be used as a test …

The dollar fell against most major currencies on Thursday after the Federal Reserve opened the door to a pause in the tightening cycle, although risk aversion shocked markets amid a decline in US bank stocks. On Wednesday, the Fed raised the benchmark interest rate by a quarter of a percentage …

Following a fresh GDP report that exceeded expectations, stocks continued their upward trend on Thursday, with the Dow rising by almost 400 points. Following the widely anticipated Federal Reserve rate increase of 25 basis points on Wednesday, stocks experienced a small decline. The central bank also hinted through a revision …