Posts Tagged ‘economic data’

Week in Review: U.S. Jobs Report Surprises

Week in Review: U.S. Jobs Report Surprises The encouraging employment data revived hopes that the US may well be on the road to recovery from the coronavirus shock. Leisure and hospitality (including restaurants) represented almost half of the jobs gained clawing back 1.2m jobs after losing more than 8m since the crisis began. Employment looks…

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Week in Review: Reopening Optimism Lifts Markets

Global markets ended the week higher, with the month of May marking the start of the gradual reopening of economies. A steady but slow decline in new infections in developed markets has allowed for the partial lifting of lockdown restrictions, boosting investor confidence. Markets were also encouraged by news of human trials of a possible…

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Week in Review: Sino-US Tensions Escalate

Global stocks rose for the week as investors were buoyed by progress in vaccine trials and optimism over the reopening of economies, however the week ended a little more subdued as the prospect of an escalation in tensions between the world’s two largest economies seems to be gaining traction. The Chinese government moved to assert…

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Week in Review: US Jobless Rate Soars

The COVID-19 pandemic has devastated the jobs market in the U.S. and the world, with an April reading of labour conditions in the U.S. showing that a record 20.5 million people are out of work, bringing the unemployment rate to 14.7%, its worst level since the Great Depression by some measures, as businesses closed in…

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Week in Review: Markets Rebound Strongly in April

Despite stocks finishing mixed this week, global markets posted some of their best returns in decades during the month of April. A slowdown in new coronavirus cases and synchronized stimulus initiatives globally, improved sentiment from the March stock-market bottom. Volatility has also subsided from its recent highs but remains elevated. Economic data continues to point…

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Week in Review: Crude Oil Plunges

U.S. crude futures dived into negative territory for the first time in history this week amid concerns that there is not enough global storage for a market decimated by collapsing demand amid widespread lockdowns and travel bans due to the coronavirus pandemic. Brent Crude finished the week down more than 20% as demand destruction from…

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Week in Review: Markets Shrug Off Weak Data

Major indexes were mostly stronger this week, as investors weighed record downturns in economic data against hopes that progress in containing the coronavirus pandemic may soon result in the partial reopening of economies. Investors cheered early indications that coronavirus infection rates may be peaking in Europe and the U.S. along with announcements that governments are…

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Week in Review: Coronavirus Death Toll Rises

Countries around the world are stepping up efforts to tackle the threat of the spread of coronavirus. The latest figures brought the total number of deaths in China to at least 722 with the total number of confirmed cases rising to 34,000. Most of the newly reported deaths, 81, occurred in Hubei Province, the heart…

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