A Sino-American confrontation will be a disaster for both countriesChinese President Xi Jinping told his US counterpart Joe Biden during a phone call, according to the Xinhua news agency. Additional comments: Views were exchanged on the bilateral relations and the main regional and international problems. Wait for the United States handle Taiwan, Hong Kong and […]
Tag: U.S.
Biden underscores concerns over Beijing’s coercive and unfair economic practices
Steve Herman, the White House bureau chief, has tweeted a press release confirming the telephone conversation between the president of the United States, Joe Biden, and the president of China, Xi Jinping. Key Comments: Biden affirmed the priorities of protecting the safety of the American people and preserving a free and open Indo-Pacific. Biden underlines […]
Biden halts plan to force TikTok to sell its US assets
The Joe Biden administration suspended the plan to force TikTok to divest its US assets while assessing the alleged security risks of the popular Chinese app, The Wall Street Journal reported Wednesday. Citing unidentified sources, the outlet claimed that the new government had indefinitely archived the plan to demand the sale of TikTok, owned by […]
Annual inflation rate remains at 1.4% in January, below the expected 1.5%
The consumer’s price index (IPC) showed certain indicators below expectations, weakening the US dollar in the market. In January, the annual rate remained at 1.4% below the market consensus of 1.5%. In the month the CPI increased 0.3%. The underlying rate it was up 1.4% from a year ago, also below the 1.5% expected, after […]
US Dollar Index DXY at new lows near 90.30 ahead of US CPI and Powell’s speech
The DXY index remains under pressure and falls to lows near the 90.30 level. The persistent improvement in risk appetite weighs on the dollar. The focus of the markets is expected to be on the US CPI for January. The US dollar index DXY, which measures the strength of the dollar against a basket of […]
30-year yield increases above 2% for the first time since February 2020
The yield on the 30-year US Treasury bond jumped above 2% on Tuesday to hit the highest level in 12 months. Longer duration yields have risen to multi-month highs in recent days, a sign that investors anticipate a stimulus-driven rebound in economic activity and inflation. “When 30-year yields exceed 2% and inflation starts to pick […]
JOLTs job openings rise to 6.6 million in December from 6.5 million expected
JOLTs US job openings increased slightly in December. The US Dollar DXY Index remains deep in negative territory. The number of vacant positions on the last business day of December was 6.6 million, the US Bureau of Labor Statistics announced Tuesday in its latest Summary of Job Vacancies and Turnover (JOLTs) on Tuesday. This reading […]
NFIB’s Business Optimism Index drops modestly to 95 points in January from 98.7 expected
The US NFIB Business Optimism Index fell in January. The US Dollar DXY Index remains in negative territory near 90.60. The National Federation of Independent Business (NFIB) reported Tuesday that the US business optimism index dropped to 95 points in January from 95.9 in December. This reading has been below the market expectation of 98.7. […]
Aim for 4,000 amid a bullish technical setup
S&P 500 futures are heading higher amid a bullish crossover on the 4-hour chart. Reflation operations will continue to favor riskier assets. The RSI is holding firm just below the overbought region. The futures of the S&P 500 is it so flirting with all-time highs just above the 3,900 point level, as the bulls continue […]
Bostic says GDP could be seen at pre-pandemic levels by the fourth quarter of 2021
US GDP could return to pre-pandemic levels for the fourth quarter of this yearAtlanta Fed Chairman Raphael Bostic said in an interview with the Washington Post Monday night. Additional comments: Is concerned about people leaving the workforce, including women and people in service industries. Help is needed to try to minimize the impact of Covid. […]
