A report released by the Commerce Department on Wednesday showed the U.S. trade deficit widened significantly in the month of April.The Commerce Department said the trade deficit increased to $74.6 […]
Author: Consultant
Bank Of Canada Resumes Raising Interest Rates
After leaving interest rates unchanged for two straight meetings, the Bank of Canada on Wednesday announced it has decided to once again raise rates.The Bank of Canada increased its target […]
Canadian Market Down Marginally After BoC Raises Interest Rate
Published: 6/7/2023 11:54 AM ETThe Canadian market is down marginally around late morning on Wednesday, with investors digesting the Bank of Canada’s decision to raise interest rates by 25 basis points.The […]
China’s exports plunge by 7.5% in May, far more than expected
Exports fell 7.5% in May from a year ago, far worse than the 0.4% decline predicted by a Reuters poll. Imports for May dropped by 4.5% from a year ago […]
U.S. Service Sector Growth Slows More Than Expected In May
Published: 6/5/2023 10:51 AM ETService sector activity in the U.S. saw only modest growth in the month of May, according to a report released by the Institute for Supply Management on […]
Gold Holds Steady As Growth Worries Mount
Published: 6/6/2023 5:55 AM ETGold prices were flat to slightly higher on Tuesday, as the dollar pulled back, and U.S. bond yields declined on hopes for a pause in Fed hikes […]
Oil Prices Tumble On Growth Concerns
Oil prices fell nearly 2 percent on Tuesday on concerns that a long-drawn recession in advanced economies brought on by interest-rate hikes may weigh on global demand.Benchmark Brent crude futures […]
Hong Kong Private Sector PMI Falls To 50.6 In May – S&P Global
Published: 6/4/2023 9:40 PM ETThe private sector in Hong Kong continued to expand in May, albeit at a slower pace, the latest survey from S&P Global showed on Monday with a […]
China Services Sector Picks Up Steam In May – Caixin
Published: 6/4/2023 9:50 PM ETThe services sector in China continued to expand in May, and at a faster rate, the latest survey from Caixin revealed on Monday with a services PMI […]