Market Update

The number of crude oil rigs in the United States increased last week, data showed on Friday. Oil rigs rise by two to 387, while natural gas rigs remained unchanged at 103, according to the weekly report by Baker Hughes. The oil rig count is higher by about 34 rigs …

Wholesale inventories in the United States rose in June, exceeding earlier estimates, according to official data released by the U.S. Department of Commerce on Friday. An increase of 1.1% in wholesale inventories, exceeded earlier estimates of a 0.8% rise. Meanwhile, wholesale inventories grew by 10.5% on an annual basis. It …

ON FRIDAY, the S&P 500 index opened higher after the strong rise in the US non-farm payrolls in July. The index rose 0.2% on the day and reached a record high of 4440. The Dow Jones Industrial Average rose 13.2 points, or 0.45%, to 35,223 points, while the Nasdaq Composite …

US job growth rose strongly in July amid demand for workers in the labor-intensive service sector, indicating that the economy maintained its strong momentum at the start of the second half, according to a US Bureau of Labor Statistics report released on Friday. The US Labor Department said in its …

Canadian July jobs report due out at 12:30 GMT. An increase of 177,500 positions is expected. here are the forecasts of economists and researchers of Three major banks regarding the Canadian employment report. CIBC “on the top of the very good news for employment in June, which coincided with the …

Mortgage lender Halifax said Friday, August 8 that UK house prices rose in July, after falling in June. Halifax added that last month’s home prices rose 0.4% compared to June. On an annual basis, prices increased by 7.6% compared to July 2020.

The Nonfarm Payrolls report is expected to show an increase of 870,000 jobs in July. Here are the forecasts by the economists and researchers of four major banks regarding NFP report. Deutsche Bank “We are forecasting that NFP will have risen by +1M in July, which would be the fastest …

The Director-General of the World Health Organization, Tedros Adhanom, warned during press statements of the danger of an acceleration in the pace of Coronavirus infections again globally, saying that humanity is now in real danger due to the spread of Coronavirus infection. The international official indicated that the world has …

European shares fell slightly on Friday ahead of an important US jobs report, but were on track to close the week higher as investors boosted confidence in the region’s economic recovery and corporate earnings growth. The pan-European Stoxx 600 index fell 0.1% in early trading after four sessions of gains …

Oil prices extended gains Friday, August 6, but are still on track for their biggest weekly loss since March as travel restrictions aimed at stemming the spread of the delta mutated strain raise concerns about fuel demand. Brent crude futures rose 47 cents to $71.76 a barrel, and US West …