Eurozone business growth spikes to three-year high, but ECB’s Lagarde urges caution

23-05-2021
On Friday, survey data from a UK-based British-American research group had unveiled that eurozone's business growth shot up to a nearly three-year high in May

Crude caroms 2% on Gulf of Mexico storm, but clocks worst weekly plunge since March

22-05-2021
On Friday, both US and UK crude futures jumped as much as 2 per cent, however, had reported their worst weekly losses since March

US weekly jobless claims decline below 500,000; mid-Atlantic factory activity cools

22-05-2021
On Thursday, US Labour Department said that the number of Americans filing for first-time state unemployment benefits fell to the lowest since mid-March last week

Oil pummels more than 2 per cent on possible return of Iranian crude

21-05-2021
Both US and UK crude oil futures' prices foundered more than 2 per cent on Thursday amid growing possibilities of a near term supply glut

White House says less than 3% small businesses could face tax hikes under Biden plan

16-05-2021
Late on Friday, White House said in a statement that less than 3 per cent of nearly 30 million US small businesses might face off tax hikes under Biden's latest plan to raise corporate tax to 28%

Oil prices jump as Colonial Pipeline restarts operation; pandemic concerns cap gains

16-05-2021
On Friday, both US WTI and UK crude oil contracts' prices rose more than 2 per cent

US retail sales pause, record saving seen backing spending

16-05-2021
US Commerce Department said on Friday that US retail sales stalled in April following a 10.7 per cent jump in March

US weekly jobless claims drop to 14-month low; inflation heats up

14-05-2021
US Labour Department said on Thursday that the number of Americans filing for first-time state unemployment benefits dropped to the lowest level since mid-March 2020

European Union raises full-year growth forecast to 4.3%, keeps borrowing curb on hold

13-05-2021
On Wednesday, the European Union had raised combined full-year growth projection for 19 members of the bloc sharing the common currency euro to 4.3 per cent in 2021 and 4.4 per cent in 2022, well above an earlier projection of 3.8 per cent

US consumer prices post largest gain since June 2009 as inflation jumps

13-05-2021
On Wednesday, US Labour Department said that its index for US Consumer Prices rose by 0.8 per cent last month, remarking the strongest level in nearly 12 years

US job openings hit all-time high in March as layoffs fall to lowest on record: JOLTS

11-05-2021
On Tuesday, US Labour Department's JOLTS report had revealed that the US job openings had spiked to a record high in March

Crude oil notches weekly gains despite pandemic catastrophe in India

09-05-2021
Crude oil futures' prices rose more than 1 per cent last week despite a severe demand-crunch in India and Japan amid a sharp rise in pandemic cases

US non-farm payrolls slack off as businesses scramble for worker, raw material

08-05-2021
US Labour Department said on Friday that its closely observed indicator for job growth, US non-farm payrolls, slowed last month amid a steep shortage of labours alongside raw materials

US weekly jobless claims drop below 500,000; layoffs dip to lowest since 2000

08-05-2021
On Thursday, US Labour Department data had revealed that the number of Americans filing for first-time state unemployment benefits dropped below 500,000 for the first time since mid-March last year

Roseland’s ADP Research Institute says US private payrolls hit 7-month peak

06-05-2021
On Wednesday, ADP National Employment Report had unveiled that US private payrolls soared to their highest levels since September 2020 in April

Tempe’s ISM says US manufacturing activity slows in April as supply chains telescope

04-05-2021
ISM, Tempe-based one of the world's oldest business research groups, said on Monday that its index for US manufacturing activity fell to 60.7 in April from a nearly four-decade peak of 64.7 a month earlier

Oil clocks off 2% on India demand fret, weak Japan import data

01-05-2021
On Friday, both US and UK crude oil futures' prices shrugged off nearly 2 per cent over frets of a gloomier demand outlook amid a record rise in pandemic cases in India, the world's third-largest crude oil importer

US Consumer Spending soars 4.2% on Biden’s stimulus pay-check; inflation heats up

01-05-2021
On Friday, US Commerce Department said that the US Consumer Spending sharply clawed back in March amid massive fiscal stimulus from the US Government

Crude oil cruises over 1% as US distillate stockpiles fall, refiners ramp up activity

29-04-2021
On Wednesday, both Brent and US WTI (West Texas Intermediate) crude oil futures' prices surged more than 1 per cent

US Fed keeps rates unchanged as Powell says ‘not time for taper talk’; Dollar falls

28-04-2021
On Wednesday, following a two-day meet of Fed policymakers, the US Federal Reserve had unanimously decided to keep its benchmark borrowing cost steady

New York’s Conference Board says US consumer confidence races to 14-month peak

28-04-2021
New York-based business research group, The Conference Board said on Tuesday that its index for US Consumer Confidence jumped to a 14-month peak in April

US core capital goods orders rise solidly in March in boost to business spending

26-04-2021
US Commerce Department said on Monday that new orders for US-made core capital goods surged last month, enkindling business investment outlook

Oil edges higher on upbeat data, but reports weekly loss amid pandemic resurgence

25-04-2021
Both UK and US crude oil contracts gained more than 1 per cent on Friday, however, had reported weekly drop amid a pandemic resurgence in Asia

London’s IHS Markit says US manufacturing PMI surges to record in early-April

25-04-2021
On Friday, IHS Markit said in a statement that its index for US composite manufacturing PMI (Purchasing Managers' Index) had climbed to a record high on early-April

US weekly jobless claims hit 13-month low as layoffs subside

24-04-2021
US Labour Department said in a statement earlier on Thursday that US weekly jobless claims fell to the lowest level in more than 13 months last week