Manufacturing boom brings more signs that inflation is building rapidly
An operator stacks heavy gauge steel brace used for industrial workbench leg at Tennsco’s factory in Dickson, Tennessee, U.S. February 17, 2021. Tennsco | via Reuters March brought the strongest manufacturing growth in more than 37 years, and with it...
March jobs report is expected to be strong and show the beginning of a hiring surge
Americans are beginning to return to the workforce in big numbers, and that is likely to show up in the March employment report. Economists polled by Dow Jones expect to see 675,000 jobs added in March as the economy reopened...
RBA: The Dynamics of QE and Yield Curve Control
The Reserve Bank Board meets next week on April 6. We expect that the Board will decide to maintain its current policy settings. These settings are the targets of 10 basis points for the cash rate and the yield on...
Stocks making the biggest moves midday: Microsoft, Western Digital, Micron, Nio & more
Satya Nadella, chief executive officer of Microsoft Corp., speaks during the Microsoft Developers Build Conference in Seattle, Washington, U.S., on Monday, May 7, 2018. The Build conference, marking its second consecutive year in Seattle, is expected to put emphasis on...
Dollar Bulls Losing Traction; US NFP Could Spark Deeper Pullback
The dollar extends consolidation into second day as bulls take a breather under new five-month high (93.45). Lower volumes in pre-holiday trading and higher than expected US jobless claims, could cause deeper drop, as reversal pattern is forming on daily...
Dollar Retreats after Jobless Claims, Sluggish Pre-Holiday Trading Elsewhere
Dollar retreats mildly in early US session after weaker than expected job data. Also, treasury yield is retreating mildly while stocks point to higher open, in particular NASDAQ. Pre-holiday trading in the currency markets is generally mixed. Aussie tumbled earlier...
China’s central bank warns of financial risks, including potential defaults
People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — China’s central bank warned on Thursday of financial risks in the country that...
Weekly jobless claims higher than expected despite signs of labor market improvement
First-time claims for jobless benefits were higher than expected last week, with 719,000 more workers heading to the unemployment line, the Labor Department reported Thursday. The total compared with the 675,000 estimate from Dow Jones and was above last week’s...
Stocks making the biggest moves in the premarket: J&J, Emergent BioSolutions, Micron Technology & more
Take a look at some of the biggest movers in the premarket: Johnson & Johnson (JNJ) – J&J said a batch of its Covid-19 vaccine that came from a Baltimore factory did not meet quality standards and will not be...
AUD/USD Outlook: Aussie Falls Further On Disappointing Data, Expectations For Dovish RBA
The Australian dollar was among the top losers of the Asian session on Thursday, as bears extended to new 3 –1/2 month low (0.7531). Disappointing economic data, released overnight, added to negative sentiment, boosted by expectations that the RBA will...
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