Economic News Category

Canadian dollar weakens as oil recovery loses momentum The Canadian dollar weakened against the US dollar on Tuesday, returning some of yesterday’s strong gains, driven by falling oil prices and country data showing an unexpected trade deficit 78.70 US cents, after trading between 1.2665 and 1.2721. “Some of this weakness is attributed to the decline

Japanese stocks rally on bargain hunt, but US CPI cautiously limits gains Japanese stocks rose on Tuesday, dragging Nasdaq futures and investors buying back battered stocks, including technology shares, although gains were limited by caution over data. More US inflation is expected at the end of the week. At 02:20 GMT, the Nikkei stock average

Wall St Week Ahead Inflation facts subsequent recognition for buyers after bond yield spike Wild swings in shares and a pointy run-up in authorities bond yields are setting the highlight on subsequent week’s U.S. inflation statistics, as traders brace for greater volatility throughout assets. A turbulent week in markets ended with a surge in Treasury

U.S. week after week jobless cases drop more than anticipated The quantity of Americans recording new cases for joblessness benefits fell more than anticipated last week as COVID-19 contaminations died down, recommending that an expected stoppage in work development in January was logical transitory. Beginning cases for state joblessness benefits dropped 23,000 to an occasionally

U.S. private payrolls decline out of the blue in January – ADP U.S. private payrolls out of the blue fell in January as a resurgence in COVID-19 diseases upset business action, the ADP National Employment Report displayed on Wednesday. Private payrolls dropped by 301,000 positions last month, the ADP report said. Information for December was