Real GDP grew for the first quarter of 2018 at an annual rate of 2% based on the third estimate by the Bureau of Economic Analysis. The fourth quarter of 2017 yielded an increase of 2.9% Established on more complete data, the general picture of economic growth remains the same. According to the Bureau, “Private
Date: June 28, 2018 Brent Oil Brent oil prices increased by 5.41% or US$3.97, as prices rose this week. Oil traded on June 28, 2018 at a price of $77.41 per barrel relative to US$73.44 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decreased week over week,
Date: June 28, 2018 United States: Powell Wants ‘Real Economy’ to Guide Fed Federal Reserve Chairman Jerome Powell is testing the economy’s room to run. It’s a strategy that contains both big benefits and risks for ordinary Americans and is causing excitement, tinged with caution, inside the central bank. Take Fed treatment of one of its
June 27, 2018 Bank of Jamaica announces its decision to lower the policy rate (the interest rate offered on overnight placements with Bank of Jamaica) by 50 basis points to 2.00 per cent, effective 28 June 2018. In March, April and May 2018, inflation fell below the lower end of the Bank’s inflation target of
Date: June 27, 2018 C2W Music Limited held its Extraordinary General Meeting (EGM) today June 27, 2018 at the Jamaica Stock Exchange Limited. The formal introduction of the speakers was given by Ms. Lamar Harris, CEO of Stocks and Securities Limited (SSL). She noted that, ‘During the Annual General Meeting of C2W, the company initiated
Daily Market Summary 27.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may
June 27, 2018 Jamaica Producers Group Limited (JP) has advised that a connected party purchased 300,000 JP shares on June 26, 2018.
June 27, 2018 Unemployment rates trended downwards for the month of May in 350 of the 388 metropolitan states compared to a year earlier. According to the Bureau of Labor Statistics, this was, “higher in 20 areas and unchaged in 18 areas”. Jobless rates lower than 3% were recorded in 96 areas, while 2 areas
Date: June 27, 2018 United States: S&P Affirms U.S. Rating, Expects Last-Minute Debt Fixes to Continue S&P Global Ratings affirmed the U.S.’s sovereign credit score at AA+, the assessor’s second-highest grade, citing the country’s “diversified and resilient economy” while noting the impact of ongoing political wrangling on public finances. S&P kept a stable outlook on the
Date: June 26, 2018 Jetcon Corporation Limited (JETCON) held its Annual General Meeting today June 26, 2018 at the Knutsford Court Hotel. Mr. Garth McKenzie, Chairman – Audit and Finance Committee began with opening remarks and a brief introduction of the board of directors. Jetcon Corporation Chairman, Mr. John Jackson, took the floor and showcased
