Economic News Category

Euro Hovers Near 1.0950 Ahead of US NFP Data Release As the week draws to a close, the Euro (EUR) continues to trade in an uncertain manner against the US Dollar (USD), keeping the EUR/USD pair confined within a tight trading bracket around the 1.0950 mark. The uncertainty is mirrored in the USD Index (DXY),

Asian Stock Market Continues Negative Trend Asian equity markets have been experiencing a continued negative trend recently, with several markets recording losses. The ripple effects of Fitch Ratings’ downgrade of the US government’s Long-Term Foreign Currency Issuer Default Rating from AAA to AA+ are becoming increasingly evident across global markets. This downgrade was due to

Manufacturing Sector Activity in the US Remained Weak in July Manufacturing activity in the United States remained weak in July, as indicated by the July ISM Manufacturing Index, which recorded a reading of 46.4. Although this was a slight improvement from June’s reading of 46.0, it fell short of the market’s expectation for a stronger

Banks Forecast Tougher Loan Conditions for Businesses and Consumers Lending conditions for businesses and consumers in the United States are currently tight, and they are expected to become even more stringent, as indicated by a recent Federal Reserve survey released on Monday. The closely monitored Senior Loan Officer Opinion Survey revealed that credit conditions have

News and Views Around the Global Markets The US Treasury market experienced a rally on Friday, triggered by an Employment Cost Index that had a lower-than-anticipated rise in the previous quarter. This, along with a less-than-expected core PCE deflator and a reduced U. of Michigan consumer sentiment, resulted in yields dropping between 2.9 to 6.4