Economic news

Industrial firms in China saw an increase in earnings, but the expansion came at a slower pace in April. This was mainly attributed to surging commodity prices and downbeat consumer goods that heavily weighed on the manufacturing sector’s profitability. Industrial firms’ profits recorded an annualized 57% increase, securing a total of 768.63 billion yuan in […]

Asian share markets eased from high grounds on Thursday as the prospect of stimulus withdrawal dampened Chinese shares’ early performance.  The dollar, on the other hand, saw an increase to hit a one-week high. MSCI’s broadest index of Asia-Pacific shares outside Japan plunged 0.5%, placing below its record peak of 696.76 on Wednesday. Chinese shares […]

On Wednesday, Oil prices had remained steady as it traded in a narrow range that is propped by optimism that the U.S. fuel demand and weak dollar would improved. Only, this comes with the prospect of a return of Iranian oil to markets that effectively puts pressure on prices. At 0839 GMT, Brent climbed 0.2% […]

European stock markets performed in an upbeat manner on Wednesday, almost hitting all-time highs as many central bank officials vowed to keep monetary policy relaxed despite recent indications of an inflation rise. The pan-European STOXX 600 index improved 0.3% by 0711 GMT. Germany’s DAX gained 0.4%. France’s CAC 40 added 0.3% and UK’s FTSE 100 […]

For the month of April, U.S. businesses had a total loan amount of $9.8 billion for capital investment. According to the Equipment Leasing and Finance Association (ELFA). This figure is 19% higher than a year earlier, driven by the economic recovery triggered by mass COVID-19 inoculations and lifting lockdowns. Compared with March, borrowing in April […]

Gold prevailed yet again for a fourth month as a Federal Reserve official went on record disparaging prospects of inflation, hence piling pressure on Treasury yields. In an interview, Fed Vice Chair Richard Clarida was quoted saying that the signs of inflation would “prove to be largely transitory”. This is in line with the latest […]

Japan posted an increase in its service prices, jumping for two consecutive months ended April as advertising and freight fees advanced. Wednesday’s data indicated that the country’s economy was slowly recovering from the coronavirus pandemic’s initial drag. The services producer price index recorded an annualized expansion of 1.0% in April, data from the Bank of […]

Asian share markets were seen upbeat on Wednesday, while the dollar hovered near its lowest level this year. This came after the Federal Reserve decided to keep its accommodative policy rates, easing some inflation-related pressures that made investors cautious for days. MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.28% increase. Japan’s benchmark […]

The main indexes of Wall Street had opened higher on Tuesday had remained afloat by gains from technology-related mega caps. Worries regarding inflation had started to wane and U.S. bond yields eased for four days in a row. The Dow Jones Industrial Average climbed by 34.7 points, or 0.10%, with its open at 34428.66. The […]

On Tuesday, prices of oil slipped, but had inched near one-week highs after its sudden climb of more than 3% in a prior session as investors mitigated expectations of Iran’s early return to international crude markets. Brent crude saw a decline of 3% or 20 cents, with it being left at $68.26 per barre at […]