Economic Highlights
Brent Oil Brent oil prices increased by 2.13% or US$1.30, as prices increased this week relative to the prior week. Oil traded on February 07, 2019 at a price of US$62.19 per barrel relative to US$60.89 on January 31, 2019. Brent oil began the year at US$53.80 per barrel. Petrojam prices 87 Octane prices increased
United States: U.S. Jobless Claims Fall Less Than Expected After Shutdown Ends Filings for U.S. unemployment benefits fell by less than expected last week, signaling it may take longer for the labor market to return to its previous trend following the partial government shutdown. Jobless claims declined to 234,000 in the week ended Feb. 2,
Date: February 06, 2019 According to the latest report published by Eurostat, the statistical office of the European Union, “In December 2018 compared with November 2018, the seasonally adjusted volume of retail trade decreased by 1.6% in the euro area (EA19) and by 1.4% in the EU28.” However, in November, the retail trade volume increased
United States: U.S. Shutdown Robs Wednesday's Productivity Report of Main Gauge The Labor Department will publish new data on U.S. productivity Wednesday, though the report will lack the main measure because of the government shutdown. The fourth-quarter productivity and costs release due at 8:30 a.m. in Washington will include manufacturing productivity for the period, though
United States: Tariffs May Live On as Trump’s Best Bet to Enforce a China Deal American tariffs are what got China to the negotiating table in the first place, the Trump administration argues. Those same tariffs may be needed even after a trade deal is reached –- to ensure that China sticks to it. That’s
United States: Tariffs May Live On as Trump’s Best Bet to Enforce a China Deal American tariffs are what got China to the negotiating table in the first place, the Trump administration argues. Those same tariffs may be needed even after a trade deal is reached –- to ensure that China sticks to it. That’s
Date: February 01, 2019 For the period of April 2018 to December 2018, the GOJ reported Total Revenues & Grants of $448.77 billion, $11.47 billion more than the Government’s projection. Year over year, this represents an increase of approximately 14.8% relative to the $390.95 billion recorded for the corresponding period in 2017. ‘Tax Revenue’, ‘Non-Tax
Date: February 01, 2019 According to the latest report published by Eurostat, the statistical office of the European Union, unemployment within the EA19 remained stable month over month for December 2018 at 7.9%. This figure when compared to 2017 statics represents a decrease in unemployment moving from 8.6% twelve months earlier to the current 7.9%.
United States: Fed Conspiracy Theories See Powell as Fickle Boyfriend, Wise Man The momentous, mysterious monetary U-turn by Federal Reserve Chairman Jerome Powell and his colleagues this week has spawned a host of conspiracy theories as to what’s really going on at the world’s most powerful central bank. They range from the simple -– the
Brent Oil Brent oil prices decreased by 0.33% or US$0.20, as prices decreased this week relative to the prior week. Oil traded on January 31, 2019 at a price of US$62.42 per barrel relative to US$61.13 on January 24, 2019. Brent oil began the year at US$53.80 per barrel. Petrojam prices 87 Octane prices decreased
