US labour market backpedals, set to add impetus on Biden’s push for $1.9tn stimulus

20-02-2021
On Thursday, US Labour Department said in a statement that US initial weekly jobless claims rose unexpectedly last week

Additional stimulus drive US retail sales to 7-month peak; factory output steps up

19-02-2021
On Wednesday, US Commerce Department said in a statement that US retail sales surged by the most in seven months on January, while

US producer prices post biggest gain since 2009; inflation creeps up at factory gate

19-02-2021
On Wednesday, US Labour Department said in a statement that its Producer Price Index surged by the most since December 2009 last month

Texas winter storm, power outages heave crude oil futures roughly 2%

18-02-2021
On Wednesday, both US and UK crude oil futures' prices had winded down the session sharply higher, close to a 13-month-peak

Crude oil cruises more than 5% in the week on US stimulus hope, squeezed supplies

14-02-2021
On Friday, both US and UK crude oil futures gained more than 2 per cent, while Brent crude contracts' prices surged over five per cent in the week

US Consumer sentiment dampens in early-February; K-shaped recovery on sight

13-02-2021
Earlier on Friday, a survey data from University of Michigan had revealed that US Consumer Sentiment fell to 76.2 in early-February from a prior reading of 79.0 registered last month

UK economy contracts by the most in 300 years in 2020 after pandemic hit

13-02-2021
On Friday, official data had revealed that the UK economy had contracted by its steepest pace in more than 300 years in 2020

US weekly jobless claims fall as light brightens up at the end of tunnel

11-02-2021
On Thursday, US Labour Department data for first-time weekly jobless claims revealed that the number of Americans filing for state unemployment benefits for the first time on their lives edged lower last week

Oil rises for a seventh straight session, hits one-year peak on stimulus euphoria

09-02-2021
On Monday, both US and UK crude futures had climbed as much as 2 per cent with Brent crude hitting $60/barrel for the first time since January 8, 2020

Cuba opens up doors to most small business initiatives in drive to offset fiscal blow

08-02-2021
Later last week, Cuban state-backed newspaper had reported that the far-left Government of Cuba had agreed to allow operations of small-scale businesses in a majority of fields

Brent eyes $60 a barrel as US crude clocks 9% in weekly gains on stimulus hopes

06-02-2021
On Friday, both US and UK crude oil futures' prices climbed more than 1 per cent, while US crude reported a weekly percentage gain of 9 per cent

US non-farm payrolls disappoint, boost Biden’s push for trillion-dollar stimulus

06-02-2021
On Friday, US Labour Department said in a statement that the US non-farm payrolls rose by 49,000 last month, stoking hopes of another round of trillion-dollar stimulus package in a bid to revive a near-stagnant US labour market

US factory orders beat estimates in December as recovery lurking over the horizon

06-02-2021
On Thursday, US Commerce Department said that the new orders for US-borne core capital goods surged 1.1 per cent in December following a rise of 1.3 per cent a month earlier

Crude oil cruises higher on recovery hope, OPEC+ pledge to squeeze supply

05-02-2021
On Thursday, crude oil futures edged higher as a raft of upbeat US economic data revived investors' confidence about a sharp uptick in demand, while OPEC+ output cuts had supported a bullish momentum further

US private payrolls crawl up as services sector activities hit two-year peak

05-02-2021
On Wednesday, US Labour Department said that the US employers had added 174,000 jobs last month after shedding as many as 78,000 jobs a month earlier, suggesting a beacon of hope for a near-stagnant US labour market

US crude extends red-hot rally, gains more than 2 per cent as US stockpiles fall

04-02-2021
On Wednesday, both US and UK crude oil futures' prices had wrapped up the day with sharp gains as investors seemed to be heavily betting over an economic recovery in a near-term outlook

Crude oil jumps over 12-month peak as producers curb supply

03-02-2021
On Tuesday, both US WTI (West Texas Intermediate) and Brent crude oil futures' prices surged to their highest levels in more than a year

Mexican economy in 2020 suffers worst slump since 1930s

01-02-2021
Mexican economy in 2020 had suffered its worst fiscal contraction since the Great Financial Depression of 1932

US consumer spending declines for second straight month, inflation crawls up

01-02-2021
On Friday, US Commerce Department said in a statement that US Consumer Spending fell 0.2 per cent in December, marking up the second straight month of decline

Pandemic rampages US economy as 2020 performance sees worst downturn since 1946

29-01-2021
US Commerce Department said on Thursday that the world's No 1 economy had contracted by the steepest pace in more than 74 years in 2020

US Consumer Confidence edges higher, house prices accelerate in January

27-01-2021
On Tuesday, a survey data from The Consumer Board had revealed that the US Consumer Confidence had picked up in January despite a still-raging pandemic outbreak, while house prices rose robustly amid a steep shortage in inventory

UK unemployment rate spikes to highest level in five years

26-01-2021
Earlier on Tuesday, Government data had revealed that the United Kingdom's unemployment rate had spiked to 5%, the highest level since early-2016

Saudi sovereign fund seeks to double assets to $1.07 trillion over next five years

25-01-2021
On Sunday, Saudi Crown Prince Mohammed bin Salman said that the country's sovereign fund was looking to double up assets under management by 2025

US factory activity jumps over 13-1/2-year high on latest sign of recovery

23-01-2021
On Friday, IHS Markit's survey report for US manufacturing activity had revealed that the world's No. 1 economy's factory activities jumped more than 13-1/2-year high earlier this month

Crude oil futures plunge as frets of demand crunch, supply glut jitter

23-01-2021
On Friday, both US and UK crude oil futures' prices had beaten a hasty retreat, while Brent crude futures' prices had logged a 0.4 per cent in weekly decline