Economic news


Wall Street Surges on Upbeat Employment Report

Wall Street Surges on Upbeat Employment Report

Wall Street indexes surged on the back of a much better-than-expected jobs report for November from the Labor Department which showed that U.S. economy managed to create 266,000 new jobs, marking the strongest reading since January, whereas the unemployment indicator lowered from 3.6 percent to 3...


December 6, 2019
Canadian Currency Tumbles on Unexpected Jobs Data Drop
Canadian Currency Tumbles on Unexpected Jobs Data Drop

The Canadian economy failed to buoy economy development, loosing more than 71,000 jobs in the previous month after shedding 1,800 in October,...

Insurer Phoenix buys UK’s Unit of Swiss Re for $4.1 billion
Insurer Phoenix buys UK’s Unit of Swiss Re for $4.1 billion

Phoenix Group Holdings announced its plan to buy the British insurance unit of Swiss Re in a cash-and-shares deal, which was estimated at 3.2...

Gold Prices Slump on Strong U.S. Economic Data
Gold Prices Slump on Strong U.S. Economic Data

Gold prices are moderately falling on Friday following the dollar strengthening as investors risky mood came back after Trump’s comments on...

Euro Slips, Dollar May Touch Record Low Since Mid-October
Euro Slips, Dollar May Touch Record Low Since Mid-October

The euro stabilized on Friday against the U.S. dollar, becoming too close to its worst weekly result since mid-October due to worries over...

Saudi, Russia Want to Seal Further Yield Cuts With Makers
Saudi, Russia Want to Seal Further Yield Cuts With Makers

Significant oil makers Saudi Arabia and Russia will look for endorsement for more profound yield trims from OPEC and partners on Friday trying to...

Italy's Atlantia Keen on Relaunch of Alitalia
Italy's Atlantia Keen on Relaunch of Alitalia

Italy's Atlantia is still keen on supporting the relaunch, and not the salvage, of debilitated transporter Alitalia, the head of the...

JGBs Drop on Low Interest for 3-month Bill Sell-off
JGBs Drop on Low Interest for 3-month Bill Sell-off

Japanese government bond futures tumbled toward an eight-month low on Friday, following low request at a sale of three-month bills.

European Shares Rise Warily, Trade Developments Are Assessed
European Shares Rise Warily, Trade Developments Are Assessed

European stock markets warily inched up on Friday after both sides told that trade talks were “moving right along” helped ease some...

German Industry Yield Drops in October
German Industry Yield Drops in October

German industrial yield tumbled out of the blue in October on a sharp slump in the creation of capital merchandise, indicating relentless...

Eurozone Government Bond Yields Almost Flat, Set For Gains
Eurozone Government Bond Yields Almost Flat, Set For Gains

Eurozone government bond yields were minimal changed on Friday, yet headed for their greatest weekly ascend in a month, with traders proceeding to...

Oil Prices Slip Ahead of Key OPEC Decision
Oil Prices Slip Ahead of Key OPEC Decision

OPEC oil ministers met on Thursday so far without any policy-making, but today they continue discussing the key issue whether to cut deeper oil...

Dollar Floats Down as Traders Key Focus is on Payrolls
Dollar Floats Down as Traders Key Focus is on Payrolls

The greenback set out toward its most noticeably awful week since October on Friday, hauled down by anxiety on exchange and clues of shortcoming in...

U.S. Stocks Close Higher Seeking New Trade Progress Hints
U.S. Stocks Close Higher Seeking New Trade Progress Hints

U.S. stocks closed modestly positive after an early drop as investors were seeking for any optimistic signs over U.S.-China trade talks prospects...

European Stocks Slip, Glencore Drops to Three-Year Low
European Stocks Slip, Glencore Drops to Three-Year Low

Most European stocks finished a tad lower on Thursday amid mixed hint on a Sino-U.S. “phase-one” economic accord, while a slide in...

Asian Stocks Grow on Sino-U.S. Trade Deal Hopes
Asian Stocks Grow on Sino-U.S. Trade Deal Hopes

Asian shares picked up on Friday as traders cheered up from U.S. President Donald Trump saying exchange converses with China were “moving...

December 5, 2019
Lack of New Moves in Trade Talks Pushes Wall St. Down
Lack of New Moves in Trade Talks Pushes Wall St. Down

Wall Street stocks declined on Thursday as the deadline for another wave of punitive duties hike in Chinese imports gets closer.

Abe announces $121bn stimulus package for Japan
Abe announces $121bn stimulus package for Japan

Japan’s Prime minister Shinzo Abe delivered first fiscal stimulus in Japan since 2016 worth ¥13.2tn ($121 illion) package after typhoon...

Gold Stays Afloat Amid Trade Jitters; Jobless Claims Weigh
Gold Stays Afloat Amid Trade Jitters; Jobless Claims Weigh

Gold prices grew slightly on Thursday, but still remained slightly below the monthly maximum, which was reached the prior day, in anticipation of...

World Food Prices Touch 26-month High; FAO index
World Food Prices Touch 26-month High; FAO index

World food prices showed strong growth in November due to a jump in meat and agricultural oils prices and despite a slight drop in cereal rates,...

Turkish Central Bank to Use Reserves for Adjusting in 2020
Turkish Central Bank to Use Reserves for Adjusting in 2020

The Turkish Central Bank will utilize required stores “effectively and flexibly” in 2020 as a fine-tuning tool notwithstanding its...

Eurozone Bond Yields Take a Break, Seek Hints on Trade Deals
Eurozone Bond Yields Take a Break, Seek Hints on Trade Deals

Eurozone government bond yields were almost flat on Thursday as traders anticipated the following sign from Sino-U.S. exchange arrangements amid...

Long-dated JGB Yields Drop After Strong Sell-off
Long-dated JGB Yields Drop After Strong Sell-off

On Thursday long-dated Japanese government bond yields slipped as strong interest during a sell-off of 30-year JGBs supported rates, yet an ascent...

German MF Crisis Hauls into Last Quarter
German MF Crisis Hauls into Last Quarter

German industrial requests tumbled out of the blue in October as a request at home and from outside the eurozone debilitated, proposing an MF...

European Indexes Mixed, Market Participants Take Breath
European Indexes Mixed, Market Participants Take Breath

European shares traded mixed on Thursday after a strong recent rally, as mixed signals on a “phase-one” trade deal restrained investors...

Pound Rises vs Dollar, Euro on Election Perky Mood
Pound Rises vs Dollar, Euro on Election Perky Mood

Sterling rallied to another seven-month peak versus the greenback and 2-1/2 year top against the common currency on Thursday, expanding ongoing...

Oil Prices Likely to Recover in Run-up to OPEC Meeting
Oil Prices Likely to Recover in Run-up to OPEC Meeting

Oil prices mixed on Thursday, as markets are focused on OPEC meeting amid diminished U.S. reserves. OPEC and its allies, including Russia became...

Canada Leaves Monetary Policy Unchanged; Loonie Strengthens
Canada Leaves Monetary Policy Unchanged; Loonie Strengthens

The Bank of Canada left key interest rate unchanged at 1.75 percent during its meeting the previous day, as analysts widely expected. The rate...

Dollar Swings on Trade Dispute Uncertainty
Dollar Swings on Trade Dispute Uncertainty

The dollar wobbled on Thursday as a prior lift from cheery exchange remarks by U.S. President Donald Trump came up short on steam and traders...

Trade Deal Optimism Keeps Wall Street Positive
Trade Deal Optimism Keeps Wall Street Positive

U.S. stock markets closed positive on Wednesday amid trade optimism, which came out after Donald Trump’s comments regarding nearing a trade...

European Stocks Bounce 1% on Sino-U.S. Optimism
European Stocks Bounce 1% on Sino-U.S. Optimism

European stocks jumped again from a four-day drop on Wednesday, lifted by a report that China and the U.S. are drawing nearer to an economic alliance.

Asian Shares Gain on U.S. President Mixed Hints
Asian Shares Gain on U.S. President Mixed Hints

On Thursday Asian markets crawled up on the likelihood that Beijing and Washington may soon seal a "phase one" arrangement to end their...

December 4, 2019
U.S. Indexes Rise on Positive Trade Deal Developments
U.S. Indexes Rise on Positive Trade Deal Developments

Wall Street’s major indexes advance on Wednesday, for the first time in the latter 4 sessions in a row after a report that two powerful...

Trade Worries Threaten Upbeat Wall Street’s Decade End
Trade Worries Threaten Upbeat Wall Street’s Decade End

Shareholders worry about the sluggish start of December stocks trading and are preparing for the volatile finish of the year for the indices due to...

Canadian Dollar Rises Ahead of BoC’s Interest Rate Decision
Canadian Dollar Rises Ahead of BoC’s Interest Rate Decision

Canada’s main stock benchmark futures grew on Wednesday, as oil rates surged ahead of key meeting where OPEC and its peers are likely to...

Google co-founders Step Away, Making Pichai Alphabet’s CEO
Google co-founders Step Away, Making Pichai Alphabet’s CEO

The Google’s founding fathers Larry Page and Sergey Brin decided to leave senior positions in Google's parent company Alphabet.

Saudi Auto Services Borrows $50 mln to Fund in Aramco IPO
Saudi Auto Services Borrows $50 mln to Fund in Aramco IPO

Saudi Automotive Services Co stated on Wednesday it is incurring a debt 190 million riyals ($50.67 million) to invest resources into the IPO of...

OPEC Ready For More Profound Oil Trims, Russia Yet to Agree
OPEC Ready For More Profound Oil Trims, Russia Yet to Agree

OPEC is ready to extend production slices later in the current week at the same time needs to concur with partners, for example, Russia over...

JGBs Gain on Trade War Bluster, Yet Momentum Tight
JGBs Gain on Trade War Bluster, Yet Momentum Tight

Japanese government bonds ricocheted once again from 7-1/2-month lows on Wednesday as the ghost of re-escalation in the Sino-U.S. exchange row...

Oil Rates Advance in Anticipation of Key OPEC Meeting
Oil Rates Advance in Anticipation of Key OPEC Meeting

Oil prices added more than 1 percent on Wednesday in run-up to OPEC group meeting, scheduled for this week and expected to continue production...

Dollar Grows Over One-Month Lows on Trade Pressures
Dollar Grows Over One-Month Lows on Trade Pressures

On Wednesday the greenback held firm over a one-month low versus its adversaries as vulnerability about the advancement of exchange negotiations...

European Stock Markets Up on Trade Hopes and Fresh PMI Data
European Stock Markets Up on Trade Hopes and Fresh PMI Data

European indexes were all in the green on Wednesday morning, after Bloomberg News report regarding troubling question, trade spat between China and...

Pound Advances to Seven-month Peak vs Dollar, Euro
Pound Advances to Seven-month Peak vs Dollar, Euro

Sterling rallied to a seven-month peak against the greenback and the common currency in the morning exchanging on Wednesday as some shortcoming in...


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