Daily Economic Reports

The dollar stabilized on Monday after investors digested a batch of economic data released last week that raised hopes that the Federal Reserve would slow the pace of interest rate hikes. Data on Friday showed that non-farm payrolls in the United States increased by 223 thousand jobs in December, while …

Kevin McCarthy, the California Republican, is officially the new speaker of the US House after a hot Capitol Hill drama that continued for almost four days and 15 rounds of votes. If the House chaos for electing a new speaker had continued for weeks, the financial markets could have worried …

Friday’s US economic data produced a cascading drop in rates across the Treasury market, pushing the policy-sensitive 2-year and benchmark 10-year yields to their lowest levels of the new year. The 2-year yield which moves in coordination with expectations around the path of Fed’s policy, fell 19.1 basis points to …

The nonfarm payrolls rose by 223,000 jobs in December according to the data announced by the US Labour Department while a 0.3% rise in average earnings was smaller than expected and lower than the previous month.The numbers for November were revised to show nonfarm payrolls rose by 256,000 and average …

WTI managed to trim some of its 9% losses attained during the week and reclaimed the $73.00 mark. Recessionary fears sparked by weak PMI readings in China and the US dampened oil investors’ appetite.The US crude oil benchmark, rebounds around month lows of $72.50 per barrel and climbs above the …

Natural gas futures touched fresh levels in the green territory marking the first gain in 2023, amid estimates for a massive storage withdrawal report. After dropping 48.7 cents on Tuesday, and closing below $4.00, the February Nymex natural gas futures contract on Wednesday gained 18.4 cents day/day and settled at …

After US ADP Employment Change crushed estimates, while unemployment claims missed estimates, foreseeing a solid US Nonfarm Payrolls report, the Australian dollar loses ground against the US counterpart. After economic data revealed in the United States confirming a robust labour market, traders’ speculations augmented that the Fed would continue tightening …

The buoyancy of nonfarm payroll growth has seemed at probabilities with other signs that the jobs market is beginning to sour. As a result, we look for nonfarm payroll growth to decrease noticeably in the months ahead, starting with December’s employment report showing hiring slowing to 205,000. Demand for employees …

The dollar struggled to rally on Thursday even though policymakers at the US Federal Reserve reaffirmed their commitment to fighting inflation, while the Australian dollar jumped after China eased restrictions on coal imports from Australia. The minutes of the Federal Reserve’s December monetary policy meeting, released last night, showed that …

The S&P 500 was up a modest 0.1% in the afternoon, falling from a session high of more than 1% after minutes came in more hawkish than anticipated. The Dow Jones Industrial Average fell 0.2%, and the technology-heavy Nasdaq Composite was roughly flat.US stocks wobbled in back-and-forth trading Wednesday as …