The U.S. Department of Labor reported that initial weekly jobless claims they fell by 3,000 in the week ended Jan. 2 to 787,000, the lowest level in five weeks. The market consensus was for an increase to 800,000 Regarding the continued orders, fell by 126,000 to 5,072,000 in the week ended December 26, marking a […]
Tag: U.S.
US National Security Advisor resigns after Capitol storming, Congress ready to confirm Biden as next president
In an unexpected turn of events after the Wednesday afternoon / evening attack on Capitol Hill, Bloomberg confirms the Resignation of US National Security Advisor Matt Pottinger, at your expense. Pottinger is among WH officials dismayed by the protesters’ attack and Trump’s role in inciting violence. Pottinger intended to resign on Election Day regardless of […]
Factory orders increase 1% in November and improve forecasts of 0.7%
The US factory orders rose 1% in November, below 1.3% in October (revised up from 1%). The indicator improves expectations, which were for an increase of 0.7%. Orders are up for the seventh month in a row, although November’s increase is the lowest seen since August. . Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is […]
Markit Services PMI Index falls more than expected to 54.8 in December
The final Markit PMI report showed a unexpected downward revision in the services index, which in December stood at 54.8 Against the expectation of a reading of 55.3. In November, the indicator had been located at 58.4. Thus, The composite index fell to the lowest level in three months at 55.3, down from 58.6. The […]
Private sector unexpectedly loses 123,000 jobs in December according to ADP
ADP’s report on employment in the US private sector showed figures below expectations. The market consensus was for an 88,000 increase in jobs and the figure was negative at 123,000 for December. In other words, jobs were unexpectedly destroyed. The dollar was unchanged in the market. Traders appear to have ignored the report, focusing on […]
The World Bank warns that the delay in vaccination would slow world growth to 1.6% in 2021
The global economy will grow 4% in 2021 and 3.8% in 2022, after suffering a contraction of 4.3% in 2020, assuming that the initial distribution of Covid-19 vaccines is expanded to throughout the year, according to the latest projections from the World Bank, which warns that, if infections continue to increase and vaccine distribution is […]
ISM Manufacturing jumps in December to 60.7, highest level in more than two years
The activity report of the ISM’s manufacturing sector showed higher than expected figures, and momentarily pushed the dollar into the market. He ISM manufacturing index rose from 57.5 to 60.7, with the market consensus being for a decline to 56.6. It’s about the highest reading since August 2018. He employment rate of the indicator climbed […]
Markit Manufacturing PMI rises to 57.1 points in December, the highest level since September 2014
Markit’s US manufacturing PMI rose to a multi-year high in December. The US Dollar DXY Index remains in negative territory below 90.00. Economic Activity in the US Manufacturing Sector expanded at its strongest pace since September 2014 in December, with the IHS Markit Manufacturing PMI rising to 57.1 points from 56.7 in November. This reading […]
Dr. Fauci says the outbreak in the US could get worse in the coming weeks
The coronavirus outbreak in the US is likely to get worse in the coming weeksDr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said Sunday while speaking at an NBC event, and added that hospitals across the country are reporting a shortage of beds for ICU patients. “Usually there is a […]
China tightens the fence on its tech giants to ensure their loyalty
The Chinese Communist Party (CCP) has 89 million members. If it were a country, it would be the seventeenth most populous in the world. It would go just behind the Democratic Republic of the Congo and ahead of Germany. Within Chinese society, having the CCP card, especially outside the big cities, grants a superior status, […]