JP Morgan Says Global Business Growth Accelerated in November

Global business growth accelerated last month as new orders picked up despite firms raising prices at the steepest rate since July, a survey showed. JPMorgan’s Global All-Industry Output Index, produced with Markit, rose to 53.7 in November from October’s 53.1. It has been above the 50 mark that divides growth from contraction since October 2012. […]

Japanese Consumer Confidence Rises in November

Japanese consumer confidence improved in November for the second consecutive month amid rising stocks, lower gasoline prices and better employment conditions, the government said Friday. The seasonally adjusted index of sentiment among households made up of two or more people rose 1.1 points to 42.6, the Cabinet Office said. The government upgraded its basic assessment […]

Japanese Wages Rose in August According to Survey

Monthly wages at companies in Japan were raised on average by a record margin in 2015 on the back of economic recovery, a labor ministry survey showed Thursday. Wages per month on average increased by 5,282 yen ($43), up 28 yen or 1.9 percent from the previous year, logging the largest margin since 1999 when […]

OPEC Could Cut Output After IEA Report Drew Comments from Saudi Arabia

Saudi Arabia has given oil traders the first glimmer of clarity on what it might take to prompt the world’s biggest crude exporter to change course on policy, suggesting that its laissez faire attitude may be wearing thin. The Energy Intelligence newsletter reported on Thursday that Saudi Arabia is considering proposing that the Organization of […]

Gold Lower as USD Boosted by Strong NFP

Gold edged lower on Friday as the dollar rebounded ahead of an eagerly awaited U.S. non-farm payrolls report, but still looked set to snap a six-week losing streak. On Thursday it rallied nearly 1 percent after monetary easing measures from the European Central Bank fell short of expectations, boosting the euro and sending the dollar […]

Gold Rally Continues on Positive NFP Report

Gold prices have steadied on Monday, as the metal trades at a spot price of $1083.04 per ounce in the European session. The base metal has enjoyed an impressive rally, climbing 3.5% since Thursday. In the US, it’s a quiet start to the week, as there are no key events on the schedule. Gold has climbed […]

US Trade Deficit Widens in October After Exports Fall

The U.S. trade deficit widened unexpectedly in October as exports fell to a three-year low, suggesting that trade could again weigh on economic growth in the fourth quarter. The Commerce Department said on Friday the trade gap rose 3.4 percent to $43.9 billion, a sign that the worst of the drag from a stronger dollar […]

ECB Corporate Bond Buying Would Boost European Shares

Shares in some of Europe’s least profitable and most indebted companies are set to outperform in the coming months if the European Central Bank starts buying corporate bonds to fight the threat of deflation. The ECB has opened the door to the purchase of asset-backed securities such as secured corporate debt to revive economic activity […]

Australia Interest Rate Cut Unlikely Say Economists

A rise in home loan approvals of 1.1% during November makes another cut in interest rates increasingly unlikely, an economist says. Commonwealth Bank chief economist Michael Blythe said the figures from the Australian Bureau of Statistics (ABS) published on Monday meant the Reserve Bank would not cut the cash rate again during this cycle. “Interest […]

Daily Markets Broadcast 2020-02-25

Daily Markets Broadcast 2020-02-25   Wall Street hit by virus rout   US indices slumped dramatically yesterday as the virus spread outside of China continued. Meanwhile, the WHO has confirmed that China’s data on virus cases are genuine as some provinces report a reduction in totals. The organization also said the spread is not a […]