U.S. stock futures slipped on Tuesday after authorities recommended suspending the Johnson & Johnson vaccine due to reported blood clotting concerns, the WSJ reported. S&P 500 futures slid 0.3% after holding steady in the European morning after the index hovered near its recent record closing high on Monday.Nasdaq 100 futures edged 0.1% lower.The 10-year Treasury … [Read more...] about American Stock Futures Slip As Regulators Suspend J&J Vaccine
Forex News
Rise In Yields Likely With Big U.S. Treasury Auctions
Big Treasury auctions in the United States could restart a rise in yields following a recent lull in the bond market, according to Reuters. The Treasury's $271 billion of new offerings kicked off with a double auction on Monday, to be followed by auctioning $24 billion of 30-year bonds on Tuesday and a total of $151 billion in bills throughout the week.Investors said weak … [Read more...] about Rise In Yields Likely With Big U.S. Treasury Auctions
Canada’s Unemployment Rate Falls to Lowest Since COVID-19
Canada added more jobs than expected in March to bring the unemployment rate to its lowest since the pandemic hit, Bloomberg reported. The country reported 303,100 jobs in March after gaining 259,200 in February.The unemployment rate dropped to 7.5%, the lowest since before the coronavirus disease 2019 pandemic.Canada has now recovered all but 296,000 of the nearly 3 million … [Read more...] about Canada’s Unemployment Rate Falls to Lowest Since COVID-19
US Poised to Outpace Europe in Post-COVID-19 Economic Recovery
The United States is well placed to overtake countries in the European Union when it comes to recovery from the economic shock caused by the COVID-19 pandemic, CNBC reported. According to the International Monetary Fund (IMF), the U.S. is likely not only to return to but also exceed its pre-pandemic growth this year.The Euro Zone's gross domestic product (GDP) is seen … [Read more...] about US Poised to Outpace Europe in Post-COVID-19 Economic Recovery
U.K. Construction Output Growth Marks Six-Year High
Construction output of the United Kingdom expanded at its sharpest pace in over six years in March, according to data released by IHS Markit. The seasonally adjusted U.K. Construction Total Activity Index rose to 61.7 in March from 53.3 in February. This signalled the strongest rate of construction output growth since September 2014.Among the categories, house building was … [Read more...] about U.K. Construction Output Growth Marks Six-Year High
