Tag Archives: economic recovery

China’s central bank cut its main interest rate for the first time in 20 months, as authorities step up efforts to boost the economy that has been hit by pandemic-related curbs, a real estate slump and an unprecedented crackdown on private enterprises.The People’s Bank of China on Monday lowered its …

US Treasury bond yields were lower on Friday, though off session lows, as traders assessed the recent hawkish Federal Reserve stance as the central bank tries to balance rising inflation against the economic toll of the Omicron coronavirus variant.Yields edged up in the short end, overall flattening the curve after …

Japanese shares fell on Friday due to a decline in technology shares and caution ahead of US inflation data. Still, they posted their first weekly gains in three weeks as concerns eased about the impact of the new Omicron strain of the Coronavirus on the pace of economic recovery. The …

Managing Director of the International Monetary Fund, Kristalina Georgieva, said on Friday that she had already been concerned that the global economic recovery had been losing steam before the emergence of the Omicron variant.There would now likely be some downgrade to global growth forecasts as a result, she added, saying …

The economic impact from the pandemic has gradually faded since the start of the world health crisis but still remains strong according to statements by Bank of England Governor Andrew Bailey on Wednesday, when asked how to assess news of the Omicron variant of coronavirus.Financial markets have pared back their …

While wider optimism has spread believing the job market is getting better, a lot of US citizens believe the actual economy s getting worse and worse.Claims for unemployment benefits retreated to lowest point since 1969 the week before Thanksgiving in an amazing rebound from the levels earlier during the Covid-19 …

US markets were closed due to the Thanksgiving holiday. Markets will work shortened hours on Friday, and muted trading is expected to continue. The bullish dollar’s momentum took a breather, but it was able to maintain its leadership. The EUR/USD pair surged to 1.1229, ending the day just above the …

Leaders of the Asia-Pacific Economic Cooperation (APEC) forum vowed on Friday to address economic recovery in the region by shoring up supply chains.The summit is tackling labour issues and continuing to respond to the COVID-19 pandemic. The summit is held amid heightened U.S.-China tensions.Biden and Xi expected to meet virtually …

GBP/USD attracted some buyers on Monday near the mid-1.3400s amidst renewed USD selloff.The prevalent risk-on environment acted as a headwind for the safe-haven USD. Rebounding US bond yields, according to a wide range of investors could limit the USD slide and lead to gains.The dovish BoE and Brexit jargon could …

After enhanced unemployment benefits expired and schools re-opened, workers were expected to go back to work and the U. S. labor shortage was also expected to ease significantly by September. But recent data suggest that the shortage is getting more severe.Though the risk of a severe shortage continuing into 2022 …