Published: 6/4/2023 9:40 PM ET The 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 […]
Category: Uncategorized
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China Services Sector Picks Up Steam In May – Caixin
Published: 6/4/2023 9:50 PM ET The 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 […]
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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 […]
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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 […]
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Saudi Arabia is slashing oil supply, which could mean higher gas prices for drivers
Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to […]
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Oil prices could soar higher as Russia, others shrug off criticism from Biden administration
Member countries of OPEC and their allies are considering further cuts to oil production that could send oil prices soaring. The group, known as OPEC+ to include allies such as Russia, will […]
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OPEC+ prepares for weekend meeting after Saudi warns speculators to ‘watch out’
OPEC+ ministers will meet to determine their next oil production policy steps on June 4 in Vienna. They face a market rattled by supply volatility, demand uncertainty and a prospective […]
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Economic Calendar: June 5 – June 9
Monday June 5 China, Japan and Euro zone services and composite PMI Germany trade surplus (9:45 a.m. ET) U.S. S&P Global Services and Composite PMI for May. (10 a.m. ET) […]
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Payrolls rose 339,000 in May, much better than expected in resilient labor market
The U.S. economy continued to crank out jobs in May, with nonfarm payrolls surging more than expected despite multiple headwinds, the Labor Department reported Friday. Payrolls in the public and […]