Market Overview - Page 165

The number of initial jobless claims in the USA fell by 38,000 to 406,000 in the week to 22 May. This is a new low since the start of the pandemic, marking a labour market recovery. However, continued claims don’t.

U.S. Trade Representative Katherine Tai and China’s Vice Premier Liu He had a “candid” first conversation as the two sides try to resolve some of their differences on trade. The trade chiefs spoke Thursday morning in Beijing, China’s Ministry of.

Global markets have lost growth momentum near recent highs. This indecisiveness can be attributed to the realisation that major central banks are slowly but surely moving towards presenting their monetary policy tightening plans. At the moment, this sentiment is benefiting.

US crude oil inventories declined last week, stronger than forecasted, by 1.66M barrels. To the same week a year ago, inventories were 9.4% lower. While commercial storage remains high by historical standards, Strategic Petroleum Reserves continue to decline, reaching their.

With many companies working from home during the pandemic, managers and employers have found themselves in a difficult position with running scattered teams away from the office. Some have turned to technology to help, but they may be walking a.

The global surge in commodity prices is adding another burden to China’s small businesses, many of which have barely put the coronavirus pandemic behind them. In a sign of how severe the problem is, Chinese Premier Li Keqiang and other.

Stocks were steady as U.S. futures slipped Thursday as investors weighed the possibility of reduced stimulus against the prospects of recovery from the pandemic. Oil declined and Treasury yields were stable. The Stoxx Europe 600 Index hovered near a record.

Oil prices fell on Thursday but stayed within the tight range set this week, with optimism about the summer driving season in the United States and Europe offsetting concerns on demand in India and a potential increase in Iranian supplies..

A study has found that most Europeans would like to see some of their members of parliament replaced by algorithms. Researchers at IE University’s Center for the Governance of Change asked 2,769 people from 11 countries worldwide how they would.

The markets remain buoyant while the dollar index is developing a pullback to the year’s lows as Fed officials continue to calm inflation fears. The Fed’s Vice-Chairman Richard Clarida reassured that the regulator could overcome the spike in inflation and.

Global markets are currently underestimating the demand for oil as more economies open up for business, says a recent report by Goldman Sachs that expects Brent to hit $80 per barrel going ahead. Recently, S&P Global Platts, too, had forecast.

U.S. President Joe Biden on Tuesday said he decided to waive sanctions against the company behind the Nord Stream 2 gas pipeline because the project was nearly complete, and doing so could have harmed ties with Europe. Biden, who is.