June 2, 2020 Consumer Price Index – April 2020 The consumer price index for April 2020 was 103.7 resulting in an inflation rate of 0.2% increase when compared to previous month’s 103.5 price index, according to the Statistical Institute of Jamaica (STATIN). STATIN noted, “the inflation rate for April 2020 was impacted by the reduction
July 02, 2020 Eppley Caribbean Property Fund Limited SCC (CPFV) has advised that a total of 10,500 CPFV shares were purchased during the period June 24 to 26, 2020 under the Company’s share buy-back programme. Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about
Daily Market Summary 2.07.2020 Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will
Brent Oil Brent oil prices increased by 4.41% or US$1.81, as prices rose this week relative to the prior week. Oil traded on July 2, 2020 at a price of US$42.86 per barrel relative to US$41.05 on June 25, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87 Octane prices decreased
June 2, 2020 Total nonfarm payroll employment climbed 4.8 million in June, as the unemployment rate fell to 11.1%, according to a report by the U.S. Bureau of Labour Statistics (BLS). The performance was due to the continued resumption of economic activity that had been curtailed in March and April, stemming from the coronavirus (COVID-19)
July 02, 2020 Bank of Jamaica announces its decision to hold the policy interest rate (the rate offered to deposit-taking institutions on overnight placements with Bank of Jamaica) unchanged at 0.50 percent per annum. The decision to hold the policy rate unchanged is based on the Bank’s continued view that monetary conditions are generally
July 2, 2020 Unemployment rates trended upward for the month of May in all 389 metropolitan states compared to twelve months earlier. According to Bureau Labor Statistics (BLS), “a total of 109 areas had jobless rates of less than 10.0 %, and 16 areas had rates of at least 20.0%.” Non-farm payroll employment fell in
July 02, 2020 For the week ended June 27, seasonally adjusted initial claims declined by 55,000 to 1,427,000 from the previous week’s revised level. Claims for the prior week was 1,482,000 following an upward revision of 2,000 from 1,480,000. According to the U.S. Department of Labour (DOL), “The 4-week moving average was 1,503,750, a decrease of
United States: U.S. Adds 4.8 Million Jobs, Exceeding Forecast; Claims Elevated “The rebound in the U.S. labor market accelerated in June as the economy reopened more broadly, though filings for unemployment benefits remained elevated last week as coronavirus cases picked up. Payrolls rose by 4.8 million in June after an upwardly revised 2.7 million gain
Government Operations Results for May 2020 For the period of April to May 2020, the GOJ reported Total Revenues & Grants of $74.62 billion, $3.66 billion more than the Government’s projection. Furthermore, year over year, this represents a decrease of approximately 22.3% relative to the $91.29 billion recorded for the corresponding period in 2019. ‘Tax
