Preliminary productivity for third-quarter was 4.9% 2nd quarter productivity came in at 10.6% US third-quarter productivity dips to 4.6% from 4.9% in the preliminary report. The estimate was for 4.9% unit labor costs fell -6.6% vs. -8.9% estimate and -8.9% previously reported unit labor costs in the 2nd quarter rose by 8.5% output rose by 43.4%
Month: December 2020
Pune: The price of chana dal and tur are falling, raising concerns that they would trade below the minimum support price (MSP). NCDEX chana futures for March delivery, at Rs 46/kg, have fallen below the MSP of Rs 51/kg. Chana dal, which was selling at Rs 72/kg, is now selling at Rs 60/kg. The March
Trading in the forex markets is rather subdued today. Major pairs and crosses are staying inside yesterday’s range for now. Dollar and Yen turn softer. Sterling is in a weak recovery, but lacks follow through buying. It’s too hard for traders to commit to a bet on a trade deal between UK and EU, or
Treasury Secretary Steven Mnuchin listens to a question during a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response” in the Rayburn House Office Building in Washington, December 2, 2020. Greg Nash | Pool | Reuters The decision by Treasury Secretary Steven Mnuchin not to extend the funding
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According to FX Strategists at UOB Group, USD/CNH is expected to drop further and retest the 6.4960 level in the next weeks. Key Quotes 24-hour view: “We highlighted yesterday that ‘oversold conditions suggest further USD weakness is unlikely’ and we expected USD to ‘consolidate and trade between 6.5120 and 6.5350’. Our view was not wrong
Gold breaks the New York highs Gold has continued to find a bid in Asia-Pacific trading, rising another $5 to $1868 to top the high in New York. There has been a non-stop bid since the start of the month. That’s almost wiped out the late-November slump. A return to the Nov 23 high of
US also expected to approve vaccine Trudeau said yesterday that Canada could receive up to 249,000 vaccines doses before year end (it takes two doses to be vaccinated). There are 35 million people in Canada so that won’t make a big dent, but it will protect some of the vulnerable. On the spending side, Trudeau
Oil prices slipped on Monday as the positive impact from COVID-19 vaccines and an OPEC+ deal on oil production cuts was undermined by surging coronavirus cases and heightened tensions between the United States and China. Brent crude fell 36 cents, or 0.7%, to $48.89 a barrel by 1112 GMT. U.S. crude was down 39 cents,
The forex markets are quiet in a typical Asian session on Monday. Yen and Swiss Franc are trading slightly higher as Asian stocks pull back from recent rally. While exports number from China look strong, imports growth clearly lagged behind. Sterling is currently the weaker one as Brexit negotiations are still carrying on, and running
Dallas Federal Reserve President Robert Kaplan said he wouldn’t be in favor of changing the central bank’s bond-purchasing program even though he sees some rocky times ahead for the U.S. economy. Speaking Wednesday to CNBC, Kaplan said financial conditions are such that the Fed probably doesn’t need to do more than its current pace of
Katrina Lake, founder and chief executive officer of Stitch Fix Inc. Patrick T. Fallon | Bloomberg | Getty Images Stitch Fix shares soared Monday, after the company reported a surprise profit and revenue growth of 10% from a year ago. Its stock was last up more than 32% in after hours trading. For its fiscal
As mentioned by Cointelegraph contributor Rakesh Upadhyay, Bitcoin price spent the weekend consolidating within a bull pennant and the breakout to $19,418 was quickly stamped out by overhead resistance. After retouching the pennant trendline, the price gave way, falling below the 20-MA on the 4-hour time frame and briefly losing the $19,000 mark. Crypto market
GBP/USD is in a phase of consolidation following recent failures to the upside and downside. Brexit deal is still elusive and talks move into the 11th hour. GBP/USD is trading at 1.3390, between a 1.3223 and 1.3437 range for the day, down some 0.30%. The focus is with Brexit from a domestic standpoint, while investors
A new low level going back to January 2015 The USDCHF trade to the lowest level since the week of January 25, 2015 last week at 0.88849. Today the price corrected higher in the fall to the downside over the last 5 hours and trades to a new session low – and new low going back
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