Factory orders in the US increased more than expected in December. The US dollar index rises towards 91.50 in US business hours. New orders for manufactured goods, factory orders, in the US rose by $ 5.2 billion, or 1.1%, to $ 493.5 billion in December, data released by the US Census Bureau on Wednesday showed. […]
Tag: U.S.
Initial and continued claims for unemployment benefits fall more than expected
The Department of Labor reported that Initial claims for unemployment benefits were 779,000 in the week ended January 30, which represented a 33,000 drop from the previous figure. The market consensus was 830,000. It was the third consecutive week with losses and the lowest figure since late November. Regarding the continued subsidy requestsThese were reduced […]
Yellen says big action is needed to avoid scars on the economy
U.S. Treasury Secretary Janet Yellen said Thursday that they need “go big” to provide a bridge and avoid scars on the economy, as reported by Reuters. “Small businesses need help getting to the other side,” Yellen said. He stated that President Biden’s desire is to achieve that on a bipartisan basis. He indicated that the […]
Democratic senators agree on the need to act quickly to get $ 1,400 for Americans
The White House said Wednesday that US President Joe Biden and Democratic senators agreed on the need to act quickly to get $ 1,400 for Americans, as reported Reuters. “Biden and the Democrats agreed to make the process as bipartisan as possible,” the White House noted. Market reaction The market mood continues to improve in […]
Democratic Senator Chris Coons Warns No Negotiation If Covid Relief Package Does Not Include State And Local Aid
“If there is no state and local aid in the coronavirus relief package, there will be no start of negotiations“the US Democratic Senator said Wednesday Chris Coons, as reported by Reuters. Coons further noted that expect the bill to pass in the next few weeks instead of in months. Market reaction These comments do not […]
Services ISM rises unexpectedly in January to 58.7
The ISM services PMI report registered a rise in January to 58.7, with the market consensus being for a reading of 58.6. In December the data was revised up from 57.2 to 57.7. It is the highest reading in two years. The new order rate of the indicator climbed from 58 to 58.7, while that […]
Markit Services PMI rises to 58.3, up from 57.5
The Markit Services PMI Index for January it was revised up from the previous reading of 57.5, which was expected to remain unchanged and came in at 58.3. The rise takes more significance compared to the December 54.8 data. The composite index climbed to 58.7, beating the market consensus of 58. Previously, the ADP employment […]
GameStop (GME) recovers from its ashes and surpasses $ 100 – Three reasons for the rally
NYSE: GME started Wednesday’s session up around 20%, above the $ 100 level. Bargain hunters are hopping on GameStop Corp. after it lost 60%. WallStreetBets retail investors have split and moved to silver. GameStop Corp. (NYSE: GME), the example of the recent market craze, has been experiencing an impressive rally with a jump above $ […]
Republicans are willing to commit to stimulus
US Democratic Senator Joe Manchin said Wednesday that Republicans are willing to commit to the coronavirus stimulus bill, according to Reuters reported. “Republicans know they have to spend more than $ 600 billion on the aid bill,” Manchin added during an interview with MSNBC, arguing that there should be a strict cap on additional stimulus […]
Biden to meet with Democrats to discuss COVID-19 relief bill
The White House said Wednesday that the President of the United States, Joe Biden, He will meet with House Democrats later to discuss the coronavirus relief bill. Biden and Vice President Kamala Harris will also meet with Democratic senators to discuss the bill, Reuters reported. Market reaction This headline does not appear to be affecting […]
