Jobless claims rose less than expected last week as employers weighed a wintertime spike in Covid-19 cases against expected relief from a pending $900 billion stimulus package, according to a Labor Department report published Wednesday. The number of first-time unemployment-benefits filers decelerated to 803,000 in the week ending Dec. 19. Economists polled by Dow Jones
Month: December 2020
“Japan’s economy is likely to improve moderately as a trend,” the Bank of Japan (BOJ) Governor Haruhiko Kuroda said in a scheduled speech at the Japan Business Federation’s Board of Councillors Meeting, in Tokyo. Additional quotes There is high uncertainty for economic outlook as it will likely take time for vaccines to reach broad sectors
Dow and S&P higher on the day. Nasdaq lower and closes near the lows. The Russell 2000 closes at a record The US major indices are closing with mixed results. The down S&P index are closing higher on the day. The Nasdaq index is closing lower and near the lows for the day. The Russell 2000 of small-cap stocks
Figuring out the point at which decentralized finance began almost always ends up in a rhetorical debate. Some argue that Bitcoin’s (BTC) invention a decade ago marked the start of it, as the major cryptocurrency was the first peer-to-peer digital money and represents the conceptual core underpinning DeFi. Others say — and would be technically
Forex news for North American trading on December 23, 2020 Is it done or not? That is a question for Brexit. Some may say it is also the question for Covid relief and the Defense Authorization Act. Reports on Brexit are that there is an agreement but later there have been reports that the UK government wavered
Silver prices on Wednesday rose by Rs 209 to Rs 67,080 per kg in futures trade as participants widened their bets on a firm spot demand. On the Multi Commodity Exchange, silver contracts for the March delivery gained Rs 209, or 0.31 per cent, to Rs 67,080 per kg in 13,631 lots. Analysts said the
Sterling rises broadly in early US session on rumor that Brexit trade deal is “pretty much there”. But just like recent price actions, upside of the Pound is capped so far, waiting for confirmation. Dollar turns softer after a mixed batch of economic data, while firmer risk sentiment also sends Swiss Franc and Yen lower.
A ‘Open House’ sign stands outside a new home for sale in the D.R. Horton Cambridge at Southbury development in Oswego, Illinois. Daniel Acker | Bloomberg | Getty Images Sales of newly built homes came in far weaker than expected for November, and builder stocks are not taking it well. Shares of the biggest names,
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Data released on Wednesday showed the economy expanded at a 0.4% rate in October. According to National Bank of Canada analysts point out that the real question remains whether the recovery can be sustained, especially with more stringent lockdown measures to control the spread of coronavirus. Key Quotes: “Real GDP continued to recover in October, gaining
Gold is trading up by over 5% since the start of the month Despite a bit of a pullback from $1,900 from earlier in the week, gold has had a stellar month so far and if the seasonal pattern is anything to go by, January promises to be yet another solid month for gold buyers.
Comments by UK housing secretary, Robert Jenrick We are working through the serious issues There is not yet sufficient progress There is not yet a deal the PM thinks he can sign up to The same old story we’ve been hearing for weeks and months on end, as the clock continues to tick down to
At first glance, an out-of-this-world plan to launch a network of crypto satellites into space, sounds like one of those grandiose ideas that never got much further than a vague outline in an ICO white paper back in 2017. But when the plan comes from a team including a Google X engineer and the co-founder
NEW DELHI: Gold and silver futures prices in the domestic market slipped on Wednesday as traders booked profits but the losses were checked by grim macro data and US stimulus. US Congress passed a massive Covid-19 aid and government funding package overnight aimed at bolstering the nation’s battered economy. Data on Tuesday showed US consumer
Gold’s rebound late November has continued for a third week. Besides bargain hunting, Fed’s pledge to keep the policy rate low and strengthening in the forward guidance in QE, as well as the latest fiscal package approved by the Congress are the key driving forces supporting the yellow metal. The US congress has managed to
Asia-Pacific part ways from S&P 500 Futures, US 10-year Treasury yields. China’s CSI 300 rises 1.0% to regain 5,000, NZX 50 and ASX 200 are gainers too. US President Donald Trump obstructs stimulus but House Speaker Pelosi showed readiness to add more. Aussie trade balance improves, BOJ Minutes favor easy money. Asian shares remain mildly
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