Copper heads towards fresh 10-year peak as China Q1 growth reignites recovery hope 20-04-2021 On Monday, London Metal Exchange benchmark copper futures wrapped up the day close to their fresh 10-year highs
Oil edges lower but Brent shelves weekly gain on recovery hope 18-04-2021 On Friday, both US and UK crude oil futures edged lower, but reported weekly percentage gains on the back of strong economic data from China and the US
US retail sales post largest gain in 10 months; initial jobless claims fall 17-04-2021 On Thursday, US Commerce Department said in a statement that the US retail sales rebounded 9.8 per cent last month, marking off the largest gain since May 2020
Oil snowballs 5% as IEA brightens outlook, OPEC+ raises full-year demand forecast 15-04-2021 On Wednesday, both US and UK crude oil futures snowballed nearly 5 per cent after an upbeat demand forecast from the Paris-based International Energy Agency
US Consumer Prices post biggest gain in 8-1/2 years; underlying inflation heats up 15-04-2021 On Tuesday, US Labour Department data had unfurled that the US Consumer Prices Index had reported its largest gain in 8-1/2 years in March
US budget deficit hits record $666 billion in March with Biden stimulus disbursed 13-04-2021 US Treasury Department said in a statement on Monday that the US Government's budget deficit had hit a record $660 billion in March
Columbia-based IMF warns on rising debt risks in pandemic-hurt Mideast, Central Asia 12-04-2021 International Monetary Fund said on Sunday that the pandemic-battered Mideast and Central Asian economies must rebalance their financing amid growing debt risks
Crude oil edges lower, posts weekly decline on dismal supply & demand outlook 11-04-2021 Both Brent and US WTI (West Texas Intermediate) crude oil futures' prices edged lower on Friday
US weekly initial claims rise unexpectedly, but labour market recovery gathers steam 09-04-2021 On Thursday, amid a string of upbeat economic data, US Labour Department said in a statement that US initial jobless claims rose for a second straight week in a row
US Job openings jump to two-year high in latest boost to labour market 08-04-2021 On Tuesday, US Labour Department's Job Openings data had unveiled that the US job openings climbed to a two-year peak in February
Tempe’s ISM says US Services Sector activity scales record high, cost pressure mounts 06-04-2021 On Monday, an ISM (Institute of Supply Management) survey on US Service Sectors had unveiled that the US Service Sectors activities surged to an all-time high in March
Oil pummels 5 per cent as rising OPEC+, Iranian output weigh 06-04-2021 On Monday, both US and UK crude oil futures' prices faltered as much as 5 per cent over frets of a potential supply glut
Vaccines, fiscal stimulus power US non-farm payrolls to seven-month peak in March 04-04-2021 On Friday, data from US Labour Department had revealed that US non-farm payrolls had spiked to a seven-month peak in March
Tempe’s ISM says US manufacturing index races to 37-year peak in March 03-04-2021 On Thursday, an ISM survey on US factory activity had revealed that the US manufacturing activity had raced to 37-year high last month
OPEC+ agrees gradual ease of output curbs as crude oil soars more than 3 per cent 02-04-2021 On Thursday, crude oil futures climbed more than 3 per cent as OPEC+ member states had agreed to ease output cuts gradually following solid signs of a shoot-up in oil demands
US private payroll posts biggest gain in six months: ADP National Employment Report 02-04-2021 ADP National Employment Report released earlier on Wednesday had revealed that US private payroll surged by the most in more than six months in March
US Consumer Confidence hits one-year peak in March; house prices soar 01-04-2021 On Tuesday, a New York-based business research group, The Conference Board, said in a statement that its index for US Consumer Confidence had spiked to a one-year peak in March
Crude oil keels over as Suez Canal reopens; traders eye OPEC+ meet 31-03-2021 On Tuesday, both Brent and US WTI (West Texas Intermediate) crude oil futures' prices faltered more than 1 per cent
US Consumer spending, income temporarily fall ahead of massive fiscal stimulus 30-03-2021 US Commerce Department said later last week that its index for Consumer Spending, the lifeblood of US economy accountable for roughly 66% of entire economic activities in the United States, fell by the most in ten months in February
Oil oozes 4% over frets Suez Canal blockage may last weeks 28-03-2021 On Friday, crude oil futures feathered as much as 4 per cent as investors remained fretted that a latest Suez Canal blockage might last for weeks
Oil slumped 4% on renewed lockdowns in Europe, strong US Dollar 26-03-2021 On Thursday, both Brent and US crude oil futures had pared almost all of their gains scored yesterday, tumbling as much as 4 per cent on frets of potential supply glut amid stiffer lockdown measures in major G20 economies
US initial jobless claims drop to one-year low in boost to economy 26-03-2021 On Thursday, US Labour Department said that the number of Americans filing for first-time state unemployment benefits fell to a one-year low
US factory activity shoots up in March amid rising cost pressures, says IHS Markit 25-03-2021 IHS Markit's flash US manufacturing PMI (Purchasing Managers' Index) soared to 59.0 during first half of March following a severe winter storm-led downfall in February
Oil jumps more than 6 per cent after Suez Canal ship runs aground 25-03-2021 On Wednesday, both US and UK crude oil futures had recouped the lofty losses digested in the previous session
Crude oil drops over 6% amid concerns over Europe lockdowns, vaccine chaos 23-03-2021 On Tuesday, both US and UK crude futures tumbled more than 6 per cent following a re-imposition of lockdown measure in a raft of major euro zone economies