European stocks closed lower on Friday, as rising Treasury bond yields continued to leave their toll on the market. The pan-European STOXX 600 index finished the day lower by 0.82%, limiting its losses that reached 1% earlier in the session, and managed to gain around 1.1% for the week. Travel …
Read More »Brazil’s Industrial Production Continues to Grow for Ninth Month
Industrial output in Brazil continued to expand during January for the ninth consecutive month, despite a slowdown as the economy is still recovering from the Coronavirus pandemic. Industrial production increased by 0.4% in January on a monthly basis and by 2% year-on-year, data by IBGE showed on Friday. Food production …
Read More »U.S. Unemployment Rate Declines on Higher Jobs Rise
The unemployment rate in the United States declined to 6.2% from 6.3% in January, data by the U.S. Department of Labor showed on Friday. Last month, the American economy added the biggest number of jobs in four months, amid the recovery from the impact of the Coronavirus pandemic and the …
Read More »Canada’s Ivey PMI Soars in February
Economic activity in Canada expanded during February, after contracting in January, data showed on Friday. The seasonally adjusted Ivey Purchasing Managers Index (PMI) surged last month to 60, from 48.4 in January, exceeding the 50 neutral mark. The index also rose on an annual basis, compared with its level at …
Read More »US: Goods And Services Deficit Widens to $68.2 Billion in January
The goods and services deficit of the US widened by $1.2 billion to $68.2 billion in January, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis showed on Friday.
Read More »US Nonfarm Payrolls surge by 379,000 in February
Nonfarm Payrolls (NFP) in the US increased by 379,000 in February, the data published by the US Bureau of Labor Statistics showed on Friday. To be updated …
Read More »Halifax: UK house Price Growth Slowed For The Third Month
Halifax mortgage lender said today that UK house price growth slowed for the third month in a row in February, in a new sign that the pandemic-driven boom in Britain’s housing market is fading. Halifax said house prices increased 5.2% year-on-year, following a 5.4% rise in January. In February alone, …
Read More »Goldman Expects Brent Prices to Reach $ 75 a Barrel in Q2
Goldman Sachs Commodities Research raised its forecast for the price of Brent crude for the second and third quarters by $5 a barrel, after OPEC and its allies kept their agreement to cut supplies unchanged and said that “the discipline of shale oil producers” is likely behind the group’s increased …
Read More »German Factory Orders Rise in January Twice as much as Expected
Official data revealed that orders for the supply of manufactured goods in Germany rose twice as much as expected in January, as stronger external demand helped manufacturers in Europe’s largest economy. The data published by the Federal Statistics Office showed that orders for the supply of industrial goods increased on …
Read More »European Stocks Declining Due to Disappointing Comments From Powell
The rise in US bond yields imposed new pressure on European stocks today, after comments made by Jerome Powell, Chairman of the US Federal Reserve, failed to assuage investor concerns about rising borrowing costs.Recently. The pan-European STOXX 600 index fell 0.9% in early trade, while travel, mining and financial services …
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