U.S. weekly initial jobless claims remain nearly unchanged

Jul 02, 2020 19:33 pm UTC| Commentary

U.S. initial jobless claims for the week ended 27th June came in at 1.427 million, only slightly lower than the 1.482 million seen in the prior week. Todays figure was above consensus expectations of 1.35 million as the...

Canadian trade deficit narrows in May on rise in exports

Jul 02, 2020 18:37 pm UTC| Commentary

Canadian trade deficit narrowed to CAD 677 million in May, after a revised deficit of CAD 4.3 billion recorded in the prior month. On a sequential basis, exports rose 6.7 percent; however, imports saw a further decline of...

U.S. trade deficit widens in May on fall in exports, pace of decline in global trade decelerates

Jul 02, 2020 16:35 pm UTC| Commentary

The U.S. trade deficit widened in May, rising to USD 54.6 billion from Aprils 49.8 billion. This is owing to exports dropping more than imports. The positive news is that the rate of fall in global trade decelerated in...

U.S. nonfarm payrolls rise above expectations in June, jobless rate falls to 11.1 pct

Jul 02, 2020 13:56 pm UTC| Commentary

U.S. nonfarm payrolls rose above consensus expectations in June. Nonfarm payrolls rose 4.8 million, as compared with consensus forecasts of a rise of 3 million. Jobless rate also rebounded in the month, dropping to 11.1...

Gold off near 8-year peak as upbeat U.S. data, vaccine hopes boost investor risk appetite

Jul 02, 2020 09:05 am UTC| Commentary

Gold prices declined, drifting away from a near 8-year peak hit in the previous session, as demand for safe-haven assets eased following solid U.S. manufacturing data and promising results from a COVID-19 vaccine trial....

Gold near 8-year peak as coronavirus fears cast shadow over recovery

Jul 01, 2020 08:14 am UTC| Commentary

Gold prices rallied to a fresh near 8-year peak, as safe-haven demand surged on worries about the global economic impact of surging coronavirus infections around the world. However, improving economic data offset worries...

U.S. Conference Board’s consumer confidence index rises strongly in June

Jun 30, 2020 19:33 pm UTC| Commentary

The U.S. Conference Boards index of consumer confidence rose to 98.1 in June, rising 12.2 points from the prior month, the largest since November 2011. The June reading was above consensus expectations of 91.5. Gains were...