U.S. nonfarm payrolls rise above expectations in July, jobless rate falls to 10.2 pct

Aug 07, 2020 15:00 pm UTC| Commentary

U.S. nonfarm payrolls rose in the month of July by 1.76 million, coming above consensus expectations of 1.48 million. July payrolls remained 12.9 million positions below their pre-Covid February level. The jobless rate...

German industrial production rebounds in June, likely to see strong rise in Q3

Aug 07, 2020 12:05 pm UTC| Commentary

The German economy continued to rebound from its corona-induced slump in June. Following the surprisingly solid rise in new orders seen yesterday, todays data on production and foreign trade were also positive. On a...

Gold steadies near record high as greenback rebounds on U.S.-China tensions

Aug 07, 2020 07:59 am UTC| Commentary

Gold prices steadied new record high as the dollar regained ground following another escalation in U.S.-China tensions; however, worsening coronavirus pandemic and its mounting economic toll put the bullion on track for...

Gold near record peak as investors fret over U.S. recovery

Aug 06, 2020 08:51 am UTC| Commentary

Gold prices surged, hovering towards a record peak scaled in the previous session as dismal U.S. jobs data hammered the dollar, while increasing worries about a recovery in the pandemic-ravaged global economy boosted the...

U.S. service sector’s business activity stabilizes in July, PMI index rises to 50

Aug 05, 2020 17:53 pm UTC| Commentary

U.S. service sectors business activity sees some stabilization as businesses continued to reopen. The seasonally adjusted final IHS Markit US services PMI index came in at 50 in July, rising from Junes 47.9. The latest...

Canadian trade deficit widens in June

Aug 05, 2020 15:13 pm UTC| Commentary

Canadas merchandise trade deficit widened to CAD 3.2 billion in June from Mays deficit of CAD 1.3 billion. Exports grew 17.1 percent sequentially, while imports rose 21.8 percent. Compared with their pre-pandemic levels,...

U.S. trade deficit narrows in June on rise in exports, data likely to be better in August

Aug 05, 2020 14:11 pm UTC| Commentary

The U.S. trade deficit narrowed to USD 50.7 billion in June from Mays USD 54.8 billion, as imports dropped more than exports. Exports rose 9.4 percent, as compared with Mays decline of 4.3 percent. On the other hand,...