The highlight of the week was the inauguration of Joe Biden as the 46th President of the United States. Biden is promising to better handle the Coronavirus crisis in the U.S. through a new plan for distributing vaccines, as well as increased stimulus to help businesses and households alike cope …
Read More »U.S. Adds Chinese Oil Giant CNOOC to Blacklist
The United States Department of Commerce added on Thursday China National Offshore Oil Corporation (CNOOC) to its blacklist due to belligerent actions in the South China Sea, AFP reported. Accordingly, S&P Dow Jones indices has to de-list the company. “China’s reckless and belligerent actions in the South China Sea and …
Read More »US: Weekly Initial Jobless Claims Rise to 965K
There were 965,000 initial claims for unemployment benefits in the US during the week ending January 9, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 784,000 and came in worse than the market expectation of 795,000.
Read More »US CPI Preview
On the US calendar today, the US consumer inflation numbers for December are due at 13:30 GMT. The headline CPI is expected to rise by 0.4% from 0.2% in November and on an annual basis, it is expected to rise to 1.3% versus 1.2% previously. As for the core CPI …
Read More »Weekly Recap – Jan 4-8
The year 2020 is over, and many hopes that the pandemic will end as well, but the economic impact of the Corona pandemic continues with the lockdowns in most major economies, the path back to pre-pandemic levels is an unpaved road. The greenback is showing some stability with hopes for …
Read More »Breaking: US Nonfarm Payrolls Decline by 140,000 in December
Nonfarm Payrolls (NFP) in the US fell by 140,000 in December, the data published by the US Bureau of Labor Statistics revelled on Friday. This reading followed November’s increase of 336,000 and missed the market expectation.
Read More »US: Challenger Job Cuts Rise to 77.03K in December
Planned job cuts in the US-based employers rose to 77,030 in December from 64,797 in November, Challenger Gray & Christmas announced in its latest Job Cut Report on Thursday.
Read More »US: Weekly Initial Jobless Claims Decline to 787K
There were 787,000 initial claims for unemployment benefits in the US during the week ending December 26, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 806,000 and came in better than the estimate of 833,000.
Read More »EU Commission Regrets US Decision to Extend Tariffs on EU products
The European Commission said on Thursday that it regrets the United States’ decision to extend tariffs to further European products, as reported by Reuters. “The US action disrupts negotiations to find a settlement to aircraft subsidy dispute,” the EU Commission further noted
Read More »Weekly Recap – Dec 21-25
There has been some activity as 2020 nears an end, especially with the European Union and the United Kingdom reaching an agreement on Brexit and the congressional approval of the fiscal stimulus package. The Brexit talks have been marred by some turmoil but ultimately an agreement between the UK and …
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