Government bonds of China are set for their biggest weekly advance in three months after injection in liquidity, Bloomberg reported. The yields on China’s 10-year sovereign bond fell by two basis points to 2.90%, bringing the week’s decline seven basis points.The latest decline comes as the central bank boosted short-term cash to 100 billion yuan on Friday, after boosting it … [Read more...] about Chinese Government Bonds Climb Amid $16 Billion Liquidity Infusion
Forex News
UK House Prices Surges to Record High, Over £270,000 For The First Time
Source: Halifax UK property prices have surged to a record high of £270,027 as buyers continue to look for space. FTSE 100 up +0.64%, GBP USD down -0.38% The typical home price has increased by 8.1 percent in the last year since the start of the pandemic when the rises rose by £31,500.Halifax’s index stated that the value of the average property expanded by 0.9% between … [Read more...] about UK House Prices Surges to Record High, Over £270,000 For The First Time
Retail Sales Falls in the Euro Area and EU in September
Source: Eurostat The Euro area posted a 0.3% fall in retail trade volume in September from August, a higher decline compared to a 0.2% decrease in the EU. DAX is up +0.11%, EURUSD is down -0.19%. On a year-over-year basis, the retail sales volume rose by 2.5% and 3.2% in the euro area and EU, respectively.Retail sales in non-food products increased by 1.5% in the euro … [Read more...] about Retail Sales Falls in the Euro Area and EU in September
US Trade Deficit Widens To $80.9 Billion in September
Source: Bureau of Economic Analysis The United States’s trade deficit widened by double-digits in September, as exports contracted while imports grew slightly during the month. The US international trade in goods and services deficit stood at $80.9 billion in September, up 11.2%.The latest reading includes an increase in the goods deficit of $8.9 billion to $98.2 billion, … [Read more...] about US Trade Deficit Widens To $80.9 Billion in September
American Jobless Claims Hit Pandemic Low for Fourth Straight Week
Source: Department of Labor US unemployment claims continued to decline to hit the lowest level since the COVID-19 pandemic hit for the fourth straight week. DXY is up 0.51%, and Gold is up 1.53%. Seasonally adjusted initial claims for the week ending October 30 stood at 269,000, down 14,000 from the previous week’s revised level of 283,000.This is the lowest reading for … [Read more...] about American Jobless Claims Hit Pandemic Low for Fourth Straight Week
