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US economic recovery

Weak US jobs data a boon for stocks

Weak US jobs data a boon for stocks

LONDON: Equities pushed higher on Friday after weak US jobs data reduced the likelihood of a quick tightening of US...
Published 06 Dec, 2021 06:19am
Euro zone yields rise as US Treasury yields jump back after rally
Markets

Euro zone yields rise as US Treasury yields jump back after rally

  • Benchmark 10-year US Treasury yields, which fell more than 10 basis points on Thursday, undid much of that move and were up 6 bps in early European trade.
  • Euro zone bond yields also started the day higher, with Germany's 10-year yield, the benchmark for the region, up nearly 2 basis points to -0.28%.
Published 16 Apr, 2021 04:14pm
Yuan edges up as investors catch up with dollar weakness after holiday
Markets

Yuan edges up as investors catch up with dollar weakness after holiday

  • The dollar sank to an almost two-week low against its major trading partners, moving in tandem with retreating Treasury yields from recent peaks despite signs of a robust US economic recovery.
  • In the spot market, the onshore yuan trading unchanged fron the open at 6.5550 per dollar, 125 pips firmer than the previous late session close on Friday.
Published 06 Apr, 2021 09:54am
US factory orders decline in February
World

US factory orders decline in February

  • The Commerce Department said on Monday that factory orders dropped 0.8% after surging 2.7% in January. Economists polled by Reuters had forecast factory orders slipping 0.5% in February. Orders increased 1.0% on a year-on-year basis.
  • Unfilled orders at factories increased 0.8% in February after gaining 0.2% in January, suggesting a rebound in demand in the coming months.
Published 05 Apr, 2021 07:40pm
Yellen says Biden COVID bill to fuel ‘very strong’ US recovery
World

Yellen says Biden COVID bill to fuel ‘very strong’ US recovery

  • This is a bill that will really provide Americans the relief they need to get to the other side of the pandemic, and we expect the resources here to really fuel a very strong economic recovery.
  • "If it turns out to be inflationary, there are tools to deal with that, and we'll monitor that closely," Yellen said of the bill's measures.
Published 08 Mar, 2021 08:06pm