Economic Highlights
Date: January 15, 2019 According to the latest report published by Eurostat, the statistical office of the European Union, “the EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €38.7 billion (1.0% of GDP) in the third quarter of 2018, down from a surplus of €59.9 billion (1.5% of GDP)
United States: U.S. Will Fail to Release Key Economic Report at Critical Moment The U.S. growth outlook hangs more than ever on American consumers’ resilience amid stock-market swoons and trade-war tensions, but key data on their spending -- the biggest part of the economy -- will be missing due to the government shutdown. Was it
Date: January 14, 2019 The Bureau of Labour Statistics reported that, “the Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December on a seasonally adjusted basis after being unchanged in November. Over the last 12 months, the all items index increased 1.9 percent before seasonal adjustment.” The report mentioned that in
Date: January 14, 2019 United States: Stocks Fall, Bonds Climb as China Data Disappoints: Markets Wrap U.S. equity futures followed stocks in Europe and Asia lower on Monday as China trade data showed a worse-than-expected slump, reigniting concerns about global growth. Treasury yields fell and the dollar held steady. Futures on the Dow, Nasdaq and
Date: January 11, 2019 The Bureau of Labour Statistics reported that, “the number of job openings fell to 6.9 million on the last business day of November.” In addition, “over the month, hires edged down to 5.7 million, quits edged down to 3.4 million, and total separations were little changed at 5.5 million,” the BLS
Date: January 11, 2019 United States: U.S. Shutdown Could Hit Labor, Capex Numbers, Pimco Says About that U.S. shutdown. “It’s only a matter of time before we start to see this in the real economy,” Mark Kiesel, chief investment officer of global credit at Pacific Investment Management Co., told Bloomberg Television Thursday. That includes the
Date: January 10, 2019 Brent Oil Brent oil prices increased by 9.12% or US$5.10, as prices climbed this week relative to the prior week. Oil traded on January 10, 2019 at a price of US$61.05 per barrel relative to US$55.95 on January 3, 2019. Brent oil began the year at US$53.80 per barrel. Petrojam prices
Date: January 10, 2019 United States: U.S. Pushes China on Promises After ‘In-Depth’ Trade Meetings The Trump administration is pushing for a way to make sure China delivers on its commitments in any deal the two nations reach to defuse a trade war that has roiled financial markets and dimmed the outlook for global growth.
Date: January 09, 2019 According to the latest report published by Eurostat, the statistical office of the European Union, “the euro area (EA19) seasonally-adjusted unemployment rate was 7.9% in November 2018, down from 8.0% in October 2018 and from 8.7% in November 2017.” Notably, since the start of the EU monthly unemployment series in January
Date: January 8, 2018 Jamaica’s Net International Reserves (NIR) totaled US$3,005.41 million as at December 2018, reflecting an increase of US$106.35 million relative to the US$2,899.06 million reported as at the end of November 2018 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$106.91 million to total US$3,532.04 million
