The latest data suggests that China’s economy continues to improve in the second quarter. The Markit/Caixin services PMI increased to 56.3 in April, highest since December 2020. The reading also beat consensus of 54.2 and March’s 54.3. Separately, China’s trade surplus tripled in April, compared with a month ago. Markit/Caixin services PMI Besides the strong […]
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US President Biden will speak on the US NFP report on Friday 7 May 2021 Read More »
Domestic gold prices registered mild gains on Thursday as a weakening dollar overseas made the yellow metal more attractive for holders of other currencies. MCX gold futures (delivery on June 4) traded 0.18 per cent higher at Rs 47,086 per 10 grams at the last count, having risen to as high as Rs 47,263 during
Gold inches up from Rs 47,000/10 gm, silver reclaims Rs 70,000/kg. What analysts say Read More »
Swiss Franc and Euro jump in overall mixed markets. There were little reaction to better than expected job data from the US. BoE’s slowing of asset purchases, and surprising voting prompted brief rally in the Pound, but there is no follow through momentum. Australian Dollar quickly pared back the losses on increasing tension with China.
Swiss Franc and Euro Rise in Mixed Market, Little Reaction to Jobless Claims and BoE Read More »
US initial jobless claims and continuing claims for the current week initial jobless claims 498K versus 538K estimate. Prior week was revised higher by 37K to 590K from 553K and this reported four-week moving average of initial jobs claims 560K versus 621K last week. This was the lowest since March 14, 2020 continuing claims 3690k vs 3620K estimate. Prior week was revised down
US initial jobless claims 498K versus 538K estimate Read More »
The global rally in commodities has seen some like copper and iron ore probe record highs, but when it comes to the companies producing natural resources the gains in their share prices have been largely lagging and uneven. Benchmark London copper futures came within a whisker of their all-time high on Wednesday, reaching $10,040 a
Some commodity producers lagging the rallies in red-hot metals: Russell Read More »