jobless

 
 

US jobless claims hit 45-year low as labour market tightens

WASHINGTON DC, Jan 18 — New claims for US unemployment benefits fell to their lowest level in nearly 45 years last week, a fresh sign of the increasingly tight American labour market, according to weekly data released today. The figures,…


Euro soars after ECB hints of possible rate hike

Fundamental outlook     THE euro surged after the European Central Bank (ECB) hinted a possibility of revisiting its interest rate policy. The US inflation slowed down during the end of last year as the dollar weakened. China stayed resilient while its trade surplus soared. US import prices posted its smallest gain in five months by […]


Saudi boosts citizen benefits as taxes bite

RIYADH, Jan 6 — Saudi Arabia announced today it had boosted stipends and benefits for citizens to cushion the impact of economic reforms including the kingdom’s first ever taxes after an oil price slump. Most working Saudi Arabians are…


Goldman sees crypto, credit shadowing robust 2018 US economy

NEW YORK, Dec 31 — Financial imbalances including those in credit markets and cryptocurrencies will shadow an otherwise robust 2018 US economy, said Goldman Sachs Group Inc economist Jan Hatzius. Hatzius has already made some predictions for…


Morning Briefing, Thursday

US Market : U.S. stocks eked out a positive close Wednesday, with gains in real estate and utilities offsetting declines in energy and telecommunications stocks. Trading volume was on pace for the second-lowest of the year, with only Black Friday’s half-day of trading posting lower volume. Europe Market : European markets closed mixed on Wednesday, amid light trade across markets worldwide due to the holiday period. Precious Metal Gold : Gold rose for an eighth straight session on Wednesday as a retreat in the dollar encouraged some investors to buyRead More


Commodities gain, equities pause 2017 rally in holiday trading

NEW YORK, Dec 27 — Investors scooped up commodities yesterday during a holiday-shortened week, but took a far more mixed view of equities as shares of Apple Inc sagged. The main equity gauges on Wall Street closed down following a 2.54 per…


Energy and financials power Wall Street’s rise

NEW YORK (Dec 22): The three main U.S. stock indexes rose on Thursday, boosted by bank and energy stocks as investors bet on more economically…


Wall Street climbs, fuelled by energy and financials (VIDEO)

NEW YORK, Dec 22 — The three main US stock indexes rose yesterday as bank and energy stocks climbed and on a continuing boost from the US tax overhaul passed by Congress earlier this week. Energy and financial stocks led gains among the 11…


Wall Street set to rise after GDP data, tax bill passage

NEW YORK, Dec 21 — Wall Street was set to open higher today after data showed US economy grew at its fastest pace in more than two years in the third quarter, and investors eyed gains from sweeping tax cuts passed by Congress this week. GDP…


Japan’s manufacturing index rises to 11-year high

Fundamental outlook     JAPAN’S large manufacturers’ sentiment rose to an 11-year high for the fourth quarter (4Q). US Federal Reserve increased its benchmark rates by 25 basis points, as widely expected. European Central Bank (ECB) and Bank of England (BoE) retained its monetary policy. US producer prices rose per cent in November retaining its good […]