Source: WSJ The short-term extension of the American government funding has been sent to President Joe Biden’s desk, following the congressional approval, which prevented a partial shutdown. The spending plan was approved on Thursday morning ahead of the expiration of the current funding on Saturday.The measure was passed by the House 221-212, while the Senate voted 69-28 … [Read more...] about US Lawmakers Approve Short-Term Extension of Trump-Era Federal Spending
Forex News
China’s Service Activity Eases to a Lower Expansion in Nov. as Virus Concerns Linger
Source: Caixin China’s Business Activity Index was 52.1 in November, indicating a softer level of expansion compared to 53.8 in October. CSI 300 is up +0.92%, USDCNY is down -0.08%. The slow growth in business activity reflects fresh virus concerns that impact sales.Growth of new orders remained muted while new businesses increased at the lowest pace in three … [Read more...] about China’s Service Activity Eases to a Lower Expansion in Nov. as Virus Concerns Linger
US Jobless Claims Grow by Highest in Four Months
Source: US Labor Department American unemployment claims jumped by the highest in four months, after registering historic lows in the previous month. DXY is down 0.14%, while Gold is down 0.76%. Seasonally adjusted initial claims for the week ending November 27 stood at 222,000, up by 28,000 from the previous week’s revised level of 194,000.The latest increase is the … [Read more...] about US Jobless Claims Grow by Highest in Four Months
Eurozone Unemployment Down in October, Unchanged in EU
Source: Eurostat Unemployment in the Eurozone continued to decline in October but was largely unchanged in the European Union during the month. EZU is up 1.37% premarket, while VGK is flat. The Euro area seasonally-adjusted unemployment rate stood at 7.3% in October, lower than the 7.4% in September and the 8.4% the same month last year.The EU unemployment rate remained … [Read more...] about Eurozone Unemployment Down in October, Unchanged in EU
South Korean Inflation Surges to Decade-High in November
South Korean inflation accelerated faster than expectations to hit a decade-high in November, amid a surge in food and oil prices during the month. Inflation clocked in at 3.7%, faster than the expected 3.1%, and the Bank of Korea’s 2% target for eight straight months, attributed mainly to higher prices for food and oil, with the country reliant on imports. Researchers … [Read more...] about South Korean Inflation Surges to Decade-High in November
