Category: Finance

Can gold bulls make a push, oil-producing countries remain divided

[Market Review]. Market expectations for the Fed to taper its bond purchases have strengthened. Last week, the U.S. released a…

European and U.S. stock markets open in July

The U.S. again came out with positive economic data: the number of first-time jobless claims last week was much lower…

U.S. ISM manufacturing sector maintains expansion in June

On Thursday, July 1, the Institute for Supply Management (ISM) released data showing that the U.S. manufacturing purchasing managers’ index…

U.S. states stop paying federal unemployment benefits as labor market recovery accelerates

Many economists are racing to assess whether widespread U.S. federal unemployment benefits are really preventing workers from returning to work….

U.S. home prices hit record high

U.S. home prices soared to the highest level on record in April as the COVID-19 outbreak accelerated the migration of…

OPEC conference threatens to knock back crude oil bulls?

[Market Review]. The US Dollar Index continues to climb. Yesterday, U.S. ADP employment recorded an increase of 692,000 in June,…

Nasdaq falls off highs, dollar at new 2-month high

The U.S. housing and job market data to good news: May home contracted sales index unexpectedly increased to a 16-year…

The Federal Reserve reverse repo amount for the first time in history approaching $1 trillion

The New York Fed announced that a total of 90 counterparties deposited $991.9 billion in the Fed’s overnight fixed-rate reverse…

U.S. small non-farm payrolls in June exceeded expectations

Data released on June 30 showed that the U.S. ADP employment change of 692,000 in June, exceeding market expectations of…

Ignoring Fed warnings U.S. home prices are rising at the fastest pace in history

According to the Case-Shiller Home Price Index, home prices in the 20 largest U.S. cities increased 14.88 percent year-over-year in…