September 4, 2020 United States: U.S. Unemployment Rate Drops by More Than Expected, to 8.4% “The U.S. labor-market rebound extended for a fourth month in August, offering hope that the economy can continue to recover despite a persistent pandemic and Washington’s standoff over further government aid to jobless Americans and small businesses. Nonfarm payrolls increased
September 3, 2020 Brent Oil Brent oil prices decreased by 4.19% or US$1.89, as prices rose this week relative to the prior week. Oil traded on September 3, 2020 at a price of US$43.20 per barrel relative to US$45.09 on August 27, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87
September 3, 2020 Daily Market Summary 3.09.2020 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
September 3, 2020 Goods and Services Trade Deficit The U.S. Bureau of Economic Analysis indicated that, “the goods and services deficit was $63.6 billion in July, up $10.1 billion from $53.5 billion in June, revised.” July exports ($168.1 billion), were more than June exports by $12.6 billion, whereas, July imports amounted to $231.7 billion which was $22.7 billion
September 3, 2020 The seasonally adjusted initial claims, advance estimate, fell to 881,000, a decrease of 130,000 for the week ending August 29 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised to 1,011,000 from 1,006,000 up by 5,000. In comparison to the previous week’s average, the 4-week
September 3, 2020 United States: U.S. Trade Deficit Swelled to Biggest Since 2008 in July “The U.S. trade deficit swelled to the widest in 12 years in July, with the surplus on services plunging to the lowest since 2012, pointing to a bumpy economic recovery ahead. The overall gap of goods and services expanded to
September 02, 2020 Unemployment rates trended upward for the month of July in all 389 metropolitan states compared to twelve months earlier. According to Bureau Labor Statistics (BLS), “a total of 7 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
September 2, 2020 Government Operations Results for July 2020 For the period of April to July 2020, the GOJ reported Total Revenues & Grants of $161.75 billion, $9.61 billion more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 5.1% relative to the $153.85 billion recorded for the corresponding period
September 2, 2020 United States: U.S. Firms Add Fewer Jobs Than Forecast in August, ADP Data Show “U.S. companies added fewer jobs than expected in August, suggesting the labor market rebound remains gradual, with employment well below pre-pandemic levels. Businesses’ payrolls increased by 428,000 after an upwardly revised 212,000 in July, according to ADP
September 1, 2020 Ms. Joana A. Banks, Senior Vice President New Business Development & Strategy, commented on the financial performance of the Company. Property income moved from $1.48 billion 2015 to $2.23 billion in 2019 with corresponding occupancy levels increasing from 83% to 96% in 2019. PanJam Investment Limited (PJAM) for the year ended December
