Source: Bureau of Labor Statistics US job openings reached an all-time high of 10.9 million on the last business day of July, an uptick of 6.9%. SPY is down -0.40%, DXY is up +0.23%. Healthcare and social assistance recorded the largest jump in job openings at 294,000. Finance and insurance posted 116,000 new jobs, while food services and accommodation recorded 115,000 … [Read more...] about US Job Openings Hits a Record 10.9M in July to Post a 12-Month Net Gain
Forex News
Oil Futures Climb Over $69 as Production Continues to Reel from Hurricane Ida
Source: Bloomberg Oil prices for future deliveries climbed as the market took into consideration the impact of Hurricane Ida, which continues to hit American production. WTI is up 1.81%, while Brent is up 1.55% Futures breached $69 a barrel, as nearly 80% of the US Gulf of Mexico output remained shut a week after Hurricane Ida hit.Regional grades such as the Mars Blend … [Read more...] about Oil Futures Climb Over $69 as Production Continues to Reel from Hurricane Ida
Chinese Yuan Gains as Central Bank Cools Markets Over Policy Easing
Source: Reuters The Chinese yuan strengthened against the dollar on Wednesday after the central bank said it would not go for flood-like stimulus. The country’s blue-chip shares plunged. USDCNY is down -0.15%, CSI 300 is down -0.41%. The People’s Bank of China said it will maintain a prudent monetary policy and sees no shortage of base money.Following the central bank’s … [Read more...] about Chinese Yuan Gains as Central Bank Cools Markets Over Policy Easing
Japan’s Second-Quarter Economic Growth Adjusted to 1.9%
Source: Cabinet Office Japan’s economic growth in the second quarter was revised upward to 1.9% from the earlier announced 1.3%, cementing the country’s rebound from the COVID-19 pandemic. EWJ is up 0.15% premarket. Quarter-on-quarter growth was also revised higher to 0.5% from 0.3%.Domestic demand was adjusted higher to 0.8% from 0.6%, reflecting the higher public demand … [Read more...] about Japan’s Second-Quarter Economic Growth Adjusted to 1.9%
UK House Prices Carve Fresh Record Highs. Growth Slows to Five-Month Low
Source: Halifax House prices in the United Kingdom soared to record-highs for the second straight month in August, even as growth slowed for the third straight month. IUKP is down 0.16%. Average house prices stood at £262,964 in August, surpassing the previous high of £23,600 recorded in May. This is also higher than the £245,602 in August 2020.Average house prices remain … [Read more...] about UK House Prices Carve Fresh Record Highs. Growth Slows to Five-Month Low
