The unemployment rate in the United States declined in August to 5.2%, in line with market expectations, reaching its lowest level since the beginning of the coronavirus pandemic in March 2020. But the data also showed a much less than expected increase in nonfarm payrolls, with an increase of 235,000. …
Read More »Summary of Today’s Fed Officials Remarks
As investors are closely monitoring developments in the U.S. monetary policy, the Federal Reserve is gradually preparing markets for the beginning of tapering and the move from easing towards policy normalization. The first sign was when the Fed said that it would halt purchases of corporate bonds, then a clearer …
Read More »Philly Fed Nonmanufacturing Index Drops to 39.1 in August
The Federal Reserve Bank of Philadelphia’s business activity index declined to 39.1 in August from 53.8 in July. Further details of the publication showed that the Firm-level Business Activity Index declined to 37.2 from 44.8 and the Full-time Employment Index declined to 8.2 from 24.8.
Read More »US: Philadelphia Fed Manufacturing Index Drops to 19.4 in August
The Federal Reserve Bank of Philadelphia reported on Thursday that the headline Manufacturing Activity Index of the Manufacturing Business Outlook Survey dropped to 19.4 in August from 21.9. This reading came in weaker than the market expectation of 23.
Read More »US: Philadelphia Fed Manufacturing Index Drops to 21.9 in July
The Federal Reserve Bank of Philadelphia reported on Thursday that the headline Manufacturing Activity Index of the Manufacturing Business Outlook Survey dropped to 21.9 in July from 30.7 in June. This reading came in weaker than the market expectation of 28.
Read More »Dubai TV Interview, June 28, 2021
Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, explained the recent developments impacting global markets, with anticipation for the upcoming events. Where are US stocks headed and will oil continue to rise? This and more in the next report. US Stocks The …
Read More »Yellen Expects Inflation Easing by Year End
Inflation in the United States will decline by the end of 2021 to near 2%, the U.S. Secretary of the Treasury, Janet Yellen, said on Wednesday. Speaking in front of a Senate committee, Yellen told lawmakers that economic recovery is on a bumpy path. She believes the recent surge in …
Read More »U.S: Philly Fed Nonmanufacturing Index Improves in June
The headline Regional Business Activity Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey improved decisively to 59.6 in June from 36.9 in May.
Read More »Dubai TV Interview, June 21, 2021
Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, explained the recent developments impacting global markets, with anticipation for the upcoming events. Oil We can say that oil is one of the most important tools that has moved significantly over the past weeks …
Read More »Dubai TV Interview, June 14, 2021
Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, explained the recent developments impacting global markets, with anticipation for the upcoming U.S. Federal Reserve meeting. Federal Reserve Last week, we saw clear market movements following the release of inflation data in the United …
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