Tag Archives: US Economy

US manufacturing slowed in December amid some cooling in demand for goods, but supply constraints are starting to ease and a measure of prices paid for inputs by factories fell by the most since early 2020 when the pandemic disrupted economic activity.The Institute for Supply Management (ISM) said on Tuesday …

The S&P 500 is flat in subdued trade on the final session of 2021, having slipped back under 4800 on Thursday. The index is on course to post an annual return of more than 27%.All the major US indices were powered higher in 2021 by massive fiscal and monetary stimulus …

The first week of 2022 will have a busy schedule for economic data. In the US and Canada, employment numbers and ISM figures are due. The Federal Reserve will release the minutes from its latest meeting. Economists expect a net job creation of 30000 in Canada during December and NFP …

Major currency pairs have managed to hold within familiar levels on Thursday, trading in a mixed manner amid thinned market conditions. Most financial markets will be closed on Friday, amid the New Year’s Eve holiday. Wall Street will operate normally, while the bonds markets will close earlier. Markets are likely …

US Inventories rose rapidly as businesses sought to stock up for the holiday shopping season. Container ships are anchored off the ports of Long Beach and Los Angeles to unload imported goods. The trade deficit in goods surged by 17.5% in November to set an all-time high, largely reflecting faster …

On the way to becoming a modern socialist country by 2035, and rich, powerful, and dominant by 2049, with the celebration of the one hundredth birthday of the People’s Republic, China aspires to claim proud rights as its GDP surpasses the United States, and project its power based on its …

Receding Omicron-worries, signs of a bullish economy and positive seasonality are among bullish factors helping the shares market sentiment.The S&P 500 is trading flat on Tuesday following Monday’s stunning 1.4% surge, with the index falling back from earlier session record highs to the north territory of the 4800 level. The …

Gold rose for the second successive week and finished slightly below $1810 after rebounding from $1783. It was unable to hit fresh monthly highs.The precious metal continued to improve its outlook, with a close above the 55-week simple moving average. The upside continues to face resistance around $1810/15. A break …

Over the course of a year, consumer prices rose by 5.7%, the fastest surge of inflation seen in decades. Now, the omicron variant of COVID-19 is threatening any progress the country’s economy has made.In the late 1970s when inflation surged to 7, 8, 9, up to 11%, it was a …

China’s finance ministry has announced on Friday that they will be extending tariff exemptions on some imported goods from the United States until June 30, 2022. There was no immediate market reaction to this news as trading conditions remain thin on Christmas Eve. From January 2020 through November 2021, China’s …