The United States Federal Reserve flagged the vulnerability of asset prices to significant declines, following the steady increase in several markets since November. Long-term Treasury security yields have climbed to pre-pandemic levels in recent months, but remain low compared with historical ranges as risk compensation measures were implemented.In its latest Financial … [Read more...] about Federal Reserve Flags Downside Risks To Asset Valuations
Forex News
Unemployment Claims Hit Pandemic Low for Fourth Consecutive Week
Jobless claims in the United States dropped to the lowest level since the coronavirus disease 2019 hit the economy for the fourth straight week, the Labor Department reported. Initial jobless claims fell 92,000 to 498,000 for the week ending May 1. This is the lowest since claims were recorded at 256,000 for the week ending March 14, 2020.The previous week's level was … [Read more...] about Unemployment Claims Hit Pandemic Low for Fourth Consecutive Week
Services Sector Posts 11th Straight Month Of Growth In April
The services sector continued to expand for the 11th straight month in April albeit on a slower pace than the previous month, the Institute for Supply Management (ISM) reported. The Services PMI was recorded at 62.7% in March, lower than February's all-time high of 63.7%. A reading above 50% indicates expansion while below 50% shows a contraction.Respondents say capacity is … [Read more...] about Services Sector Posts 11th Straight Month Of Growth In April
Private Sector Job Growth Marks Seven-Month High In March
The United States private sector added 742,000 jobs in March to mark the highest growth in the last seven months, the ADP reported. The latest figure marks the fourth consecutive month of job generation, and is the highest since the 821,000 jobs added in August 2020. The service-providing sector drove the growth as it added 636,000 jobs as the economic activity resumed and … [Read more...] about Private Sector Job Growth Marks Seven-Month High In March
Corn Prices Climb 142% To Mark Highest In Eight Years
Prices of corn leaped to $7.56 per bushel as demand for the commodity continued to grow while stocks have fallen to multi-year lows. Data from the United States Department of Agriculture (DA) show that corn stocks in 2020-2021 hit a seven-year low of 1.352 bushels.In Brazil, weather conditions have continued to hurt yields with the total crop estimate lowered by nearly 8% … [Read more...] about Corn Prices Climb 142% To Mark Highest In Eight Years
