A Wingets restaurant displays a “Now Hiring” sign in Tampa, Florida, U.S., June 1, 2021. Octavio Jones | Reuters Private job growth for May accelerated at its fastest pace in nearly a year as companies hired nearly a million workers, according to a report Thursday from payroll processing firm ADP. Total hires came to 978,000
Dallas Fed President Robert Kaplan reiterated on Thursday that he would rather see the Fed take its foot a little off the gas pedal sooner rather than later, as reported by Reuters. Additional takeaways “The spending tailwind for the US rconomy looks strong.” “Right now, balance of power is to the worker, who can wait for a better
Major indices little changed The US stocks gave up most of their earlier gains but still found some buying near the close and are closing higher on the day. The Dow industrial average has extended its winning streak to 5 trading days. The Dow is 2% from its all-time high The S&P is up 4 of the last 5 trading days. The S&P
Forex news for Asia trading on Thursday 3 June 2021 Major FX has moved very little during the session here so far in Asia. News flow has been light and, obviously, of negligible impact. Data flow, on the other hand, has been plentiful (see bullets above) but also, and again obviously, non impactful. “Awaiting the
Bitcoin’s anonymous creator Satoshi Nakamoto is set to be depicted in a life-size bronze statue in Budapest, the capital city of Hungary. According to local news outlet Hungary Today, sculptors, Réka Gergely and Tamás Gilly are designing the statue, and have unveiled initial plans depicting a figure with a featureless face wearing a Bitcoin hoodie.
By Swansy Afonso and Ranjeetha PakiamIndia is moving closer toward setting up spot contracts for gold, finalizing rules for trading and providing the world’s second-biggest consumer a firmer grasp over setting the price of bullion. The gifting of gold at weddings and festivals, and its purchase as a store of value are deeply held traditions
Trading continued to be rather subdued in Asian session. Major pairs and crosses are staying inside yesterday’s range, as well as last week’s range. Sterling is currently the weakest one, after failing to follow through the rally attempt earlier this week. Dollar is the next weakest for now. On the other hand, Aussie and Swiss
The recent spike in U.S. inflation is likely transitory for now — but it could become more persistent in the coming years as more people return to work, said former New York Fed President William Dudley. “I think that the scare right now is probably going to abate a bit as we go through the
Reuters came out with the news during early Thursday, quoting the British High Commissioner to Australia Vicki Treadell, “Britain and Australia held another round of talks to progress a free trade deal.” Additional comments… We are working hard to have an agreement in principle at the bilateral between Prime Ministers Johnson and Morrison on June
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Swing area in the 1.2040 to 1.2046 The USDCAD is trading near the lows for the day and in the process is testing a swing area in the 1.20407 to 1.20461 area. Yesterday and on Friday, the pair stalled near that area before moving to the downside and trading to the lowest level since May
Canada building permits for April -0.5% versus -5.0% estimate Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT April Canada building permits Canada building permits for April came in at -0.5% versus -5.0% estimate. Prior month 5.7% Total value of building permits $11.1 billion The permits remain near historic high levels.
NEW DELHI: Gold slipped by Rs 116 to Rs 48,772 per 10 grams in the national capital on Wednesday in line with a fall in global precious metal prices, according to HDFC Securities. In the previous trade, it had closed at Rs 48,888 per 10 grams. Silver also tumbled Rs 1,291 to Rs 70,836 per
The financial markets continue to be range bound today, as traders seem to be holding their bets before Friday’s US job report. Dollar is recovering mildly but it’s held below next term resistance levels. Sterling is currently the stronger one, while Swiss France is the weakest. Technically, we’re still staying near term bearish on the
The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019. Aly Song | Reuters BEIJING — China’s Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen spoke Wednesday for the first time since President Joe
In this article ZM Zoom Video Communications Inc. founder and CEO Eric Yuan at the company’s IPO at Nasdaq MarketSite in New York, April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Zoom reported better-than-expected results on Tuesday, with sales growth of 191%. But the shares fell as much as 5% in extended