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 […]
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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 […]
Oil prices pop after Saudi Arabia pledges more voluntary production cuts
OPEC+ pumps approximately 40% of the world’s crude and policy decisions can have a significant impact on prices. The world’s top oil exporter Saudi Arabia announced further voluntary output cuts […]
Bank of Canada rate hike a possibility this week, economists say
For the first time in months, the possibility of another Bank of Canada interest-rate hike appears to be on the table this week.The central bank has kept interest rates steady […]