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👤Nurudeen Amedu
🕔November 5, 2016
The US oil-rig count climbed by nine to 450 this week, according to oilfield-services company Baker Hughes.
Last week, the oil rig count fell for the first time in four months, by two to 441. The rebound during those months — the longest streak since the oil crash — was small compared to the plunge that preceded it.…
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👤Nurudeen Amedu
🕔November 4, 2016
Australian retail sales rose by 0.6% in September from August, the Australian Bureau of Statistics said Friday. Retail sales rose at a seasonally adjusted 0.6% in September after growing 0.5% the month before, the national statistics bureau reported today. That was the fastest increase in over a year.…
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👤Nurudeen Amedu
🕔November 1, 2016
The Markit Manufacturing PMI Index rose to 53.4 from the 53.2 preliminary figure and higher than the 51.5 the month prior. That’s the PMI at the highest since Oct 2015. It looks like the US is fully over the sluggish first half of the year.…
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👤Nurudeen Amedu
🕔October 31, 2016
Japan’s industrial production was unchanged in September from a month earlier, falling short of forecasts, in the latest snapshot of Japan’s economy as the central bank board gathers to consider monetary policy. Retails sales were also unchanged, reflecting sustained weakness in consumer spending.…
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👤Nurudeen Amedu
🕔October 25, 2016
The Federal Reserve may need to keep interest rates lower for longer to convince investors and the public that the central bank is serious about reaching its 2-percent inflation target, Chicago Federal Reserve Bank President Charles Evans suggested on Monday that, with inflation running very low both in the United States and globally, the Fed needs to show its commitment to achieving its inflation goal “sustainably, symmetrically, and sooner rather than later,” Evans said in slides prepared for a speech in Chicago.…
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👤Nurudeen Amedu
🕔October 24, 2016
France’s long-struggling manufacturing sector unexpectedly returned to growth in September despite the fact that their private sector activity expanded at an overall slow pace due to weaker than forecast service sector business, a survey showed on Monday. Data compiler Markit said that its flash monthly purchasing managers index for activity in the manufacturing sector rose to a 10-month high of 51.3 this month from a final September figure of 49.7.…
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👤Nurudeen Amedu
🕔October 21, 2016
The Office for National Statistics (ONS) today reported that public sector net borrowing which excludes public sector banks, rose by 14.5%, the state had to borrow £10.6 billion in September due to the fact that the amount of money it generated through taxes and other means was less than it needed.…
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👤Nurudeen Amedu
🕔October 20, 2016
A flat reading was recorded for the UK retail sales in the month of September after the previous 0.2% decrease in the month of August. The figures, from the Office for National Statistics today, also revealed that sales with the exception of auto fuel were unchanged from August.…
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👤Nurudeen Amedu
🕔October 19, 2016
Oil prices edged higher on Tuesday as the market anticipated an output cut from the Organization of Petroleum Exporting Countries (OPEC), and further extended its gains in post-settlement trade as the American Petroleum Institute’s (API) data last week revealed a surprising dip in the US crude inventories.…
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👤Nurudeen Amedu
🕔October 18, 2016
The banks in China today recorded an increase of 1.22 trillion yuan ($181 billion) in new loans for the month of September, the release was above analysts’ estimations as it capped a 9 month lending spree in spite of the rising fears surrounding the risks from the country’s growing debt.…
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