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October, 2021

• 1 October 2021 1:18 pm

  European Shares at Two-Month Lows on Inflation Fears

  

  European shares fell to their lowest level in two months on Friday, continuing a global sell-off as investor sentiment was negatively affected by growing concerns about slowing economic growth and rising inflation. The pan-European STOXX 600 index fell 1.3 percent, while the travel and leisure, banking and auto industry sectors …

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• 1 October 2021 2:33 am

  Directors’ confidence in UK economy falling off a cliff

  

  Directors have been the least optimistic about the UK economy since winter lockdown. Directors’ confidence even fell off a cliff in September.Energy and tax bills have already spiked and a fuel crisis is biting while the government gradually withdraws its support for workers. Bloomberg said that people running small and …

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• 1 October 2021 2:16 am

  Will U. S. create USD 1 trillion-coin to avoid debt crisis?

  

  Money in the world’s largest economy is at risk of running dry after two weeks over latest statements by Secretary Janet Yellen saying the U. S. will hit its USD 28.4 trillion (USD 39.6 trillion) debt limit on 18 October unless a temporary funding solution is found by Congress.The stock …

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• 1 October 2021 1:28 am

  Before midnight deadline, Congress moved to avoid shutdown.

  

  Congress managed to prevent a government shutdown Thursday just some hours before midnight deadline and The U.S. will avoid a lapse in funding once Joe Biden signs it into law.The Senate and House both passed a short-term appropriations bill that will keep the government running till 3 December.The Senate approved …

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• 1 October 2021 1:21 am

  GBP stabilizes after sharp fall

  

  The British pound has reaped considerable gains on Thursday trading session. GBP/USD is currently trading at 1.3476, up 0.36%.The positive news was about the UK economy, as the final estimate for UK growth in Q3 was 5.5%, revised upwards from 4.8%. The United Kingdom’s GDP is now about 3.3% below …

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• 1 October 2021 12:57 am

  Oil surges over Beijing’s orders ahead of OPEC+ meeting

  

  Oil is trading at USD 75.08 a barrel for WTI and at USD 77.70 for Brent on Thursday.The global energy crisis impacted China’s economy, however, since China came out to express preparedness to pay top dollar to secure more supply and issued orders to energy suppliers to stock up, oil …

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• 1 October 2021 12:22 am

  Yen slows down U. S. dollar rally

  

  The Japanese yen has reaped gains and versed directions on Thursday. The USD/JPY is trading currently at 111.48, down 0.41% during the day’s trading session.The yen previously experienced six successive losing sessions and dropped about 2 percent. On Wednesday, USD/JPY was above the 112 line for the first time since …

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September, 2021

• 30 September 2021 11:45 pm

  Secretary Yellen calls for permanent end to debt limit

  

  Treasury Secretary Janet Yellen, Thursday, called for an ultimate end to the federal debt ceiling altogether and shot the idea raised by down lawmakers of minting a USD 1 trillion coin to avoid defaulting on the debt.Yellen described the debt limit as “very destructive” during the House’s before the Committee …

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• 30 September 2021 10:20 pm

  Dow drops 400 points as stocks face worst month in 2021

  

  Wall Street reversed direction midday Thursday, with the Dow falling 400 points on the final trading day of the month and the quarter.Major indexes on Wall Street opened higher on Thursday but were unable to hold onto their gains. Around midday, the Dow (INDU) traded at 1.2%, or about 400 …

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• 30 September 2021 9:23 pm

  Report: Biden’s economy better than thought, worse than aspired

  

  The economic performance of Joe Biden’s first quarter as president is good, but not great. America’s economy grew at a slightly faster rate than previously reported in the second quarter due to increased consumer spending, exports and inventory investment, the Bureau of Economic Analysis reported Thursday.Gross domestic product, the broadest …

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• 30 September 2021 8:52 pm

  Crude oil resumes uptrend amid Chinese measures

  

  West Texas Intermediate futures have bounced up to USD 75.70 on China’s measures to secure supplies.Crude oil futures have turned positive on daily charts. Oil prices lost ground following an unexpected increase in U. S. inventories.Oil prices have bounced more than USD 2 in less than an hour, erasing previous …

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• 30 September 2021 5:33 pm

  Another 362,000 Individuals Filed New Claims Last Week

  

  U.S. states saw an unexpected increase in initial jobless filings last week, even as companies across industries looked to bring on workers to fill widespread vacancies. The US Labor Department said on Thursday that first-time government jobless claims increased by 11,000 to a seasonally adjusted 362,000 for the week ending …

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• 30 September 2021 4:39 pm

  US: Real GDP Growth Stood at 6.6% in Q2

  

  The US Bureau of Economic Analysis released the final US GDP report this Thursday and confirmed that the world’s largest economy expanded at an annualized pace of 6.6% during the April-June period. The reading matched the Preliminary estimate and market expectations.

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