Economic Report

Markets await the release of a bundle of jobs and employment reports in the United States, which are set to show more indicators about the progress of economic recovery from the coronavirus pandemic. May’s employment data will come following April’s disappointing nonfarm payrolls reading. A recent reading of the ISM …

The International Labor Organization said that at least 220 million people are expected to remain unemployed globally this year, well above pre-pandemic levels, in light of a weak recovery in the labor market.exacerbates the current disparity. The United Nations organization expects an improvement to drop the number to 205 million …

The dollar clung to its slight gains during Wednesday, June 2, rising from its lowest levels in nearly five months against other major currencies, as the improvement in industrial production in the United States led to continued speculation that the Federal Reserve would return to adopting usual policies quickly. The …

The labor market in the United States might be showing some positive signs as the economy recovers from the coronavirus pandemic, but it remains to be challenged by some problems some of which might be unnoticed. A paper by the Federal Reserve Bank of San Francisco showed on Tuesday that …

OPEC+ Joint Ministerial Monitoring Committee (JMMC) has recommended producers to stick to the agreed oil output policy through July, Reuters reported on Tuesday, citing two sources familiar with the matter.

The dollar hovered near a five-month low on Tuesday, June 1 as investors awaited eurozone inflation data and the US manufacturing sector survey, while the yuan stabilized after China’s central bank adopted steps to stem its rally. The dollar index returned to decline from the level of 90 in European …

Markets await the outcome of today’s meeting for members of the Organization of the Petroleum Exporting Countries (OPEC) and other major producers forming an alliance known as OPEC+. The summit comes more than a year after the first wave of the Coronavirus pandemic that caused a shock in the international …

Although Bitcoin registered some gains on Tuesday, it still recorded its worst monthly losses since 2011. The world’s largest cryptocurrency in terms of market capitalization plunged by around 37.8% in May, marking its second-worst losses since a 40% drop in September 2011. The decline is close to that of November …

The Organisation for Economic Co-operation and Development (OECD) has improved its expectations for the global economy this year, due to the rollout of the COVID-19 vaccine, which is helping in the fight against the Coronavirus pandemic. Vaccines are allowing reopening economies and businesses to resume their work as usual, according …

Markets are anticipating the upcoming monetary policy statement by the Reserve Bank of Australia (RBA), which is due on Tuesday. The RBA has been adopting a relatively dovish tone amid a rise in commodity prices, with the economy achieving a higher than expected recovery, but it is yet to be …