Tag Archives: US

Analysts at Scotiabank offer a sneak peek at what to expect from Friday’s US Consumer Price Index (CPI) release. Key quotes “Headline inflation is forecast to rise from 1% YoY in July to 1.4% principally due to forecast month-ago gains in core CPI combined with a mild assist from gasoline …

The number of Americans filing for new unemployment benefits stabilized at high levels last week, reinforcing views that the job market is stabilizing on a more gradual path to recovery from the COVID-19 pandemic. The US Labor Department said that the total of new applications for unemployment benefits, adjusted in …

Bond yields in the Eurozone rose during trading on Monday, on signs of an improvement in the global economy, as countries deal with increasing borrowing requirements to help finance the response to the Covid-19 crisis. The data showed that China’s exports rose the most in nearly a year and a …

The US Non-Farm Payrolls report (NFP) released by the United States Bureau of Labor Statistics on Thursday increased by 1,371,000 in August. This reading fell short of the market expectation of 1.4 million and followed July’s print of 1,734,000 (revised from 1,763,000). Other details of the release indicated that the …

There were 881,000 Initial Claims for unemployment benefits in the US during the week ending August 29th, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed last week’s print of 1,011,000 (revised from 1,006,000) and came in slightly better than the market expectation …

Britain will hold a new round of talks with the United States on a trade deal next week, Greg Hands, junior trade minister Greg Hands said on Thursday, adding that the government is in talks with the two major American parties ahead of the upcoming presidential elections. Britain gives priority …

Chinese Foreign Ministry spokeswoman Hua Chunying said in a daily press briefing that Beijing will respond “by lawful means” to the new restrictions imposed by the United States on Chinese diplomats. Washington said it would require senior Chinese diplomats to obtain approval from the Foreign Ministry before visiting any university …

The Trump administration’s threat of escalation against China came this time in disguise with seemingly positive news. The office of the US Trade Representative announced the extension of the deadlines for some exemptions from customs duties on a large group of Chinese goods. But this extension is until the end …

US Treasury Secretary Stephen Mnuchin said the economy desperately needs additional financial incentives to fully recover from the Covid-19 crisis, and Mnuchin added that parts of the economy still need additional support. Minuchin held Democrats in the House and Senate in Congress responsible for the failure of negotiations on a …

The IHS Markit’s Manufacturing Purchasing Managers’ Index (PMI) for the US improved from 50.9 in July to 53.1 in August to show that the economic activity in the manufacturing sector continued to expand at a robust pace. This reading came in slightly weaker than the previous estimate and the market …