• Evans: still a long way to go before US economy recovers

    4 Sep 2020 01:05 PM |

    Chicago Federal Reserve Chairman Charles Evans indicated yesterday that much more needs to be done before the US economy returns to pre-pandemic growth levels.

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  • US services activity rose sharply in August

    3 Sep 2020 05:47 PM |

    The US services sector recorded a strong increase in activity in August, according to IHS Markit.

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  • US weekly unemployment claims down more than expected

    3 Sep 2020 05:43 PM |

    The number of Americans filing new claims for unemployment benefits decreased more than expected over the past week, but remained unusually high amid indications that the labour market’s recovery is losing steam as government support cuts off

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  • Fears of declining global demand put pressure on oil prices

    3 Sep 2020 05:39 PM |

    Yesterday’s fall in oil prices continued during trading today, declining by more than 2% as concerns over falling gasoline demand in the US and the wider hit to global economic recovery from the pandemic.

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  • Eurozone retail sales fell in July

    3 Sep 2020 04:15 PM |

    Today’s Eurostat report showed that in July retail sales volumes in the eurozone fell by 1.3% compared to August, short of analysts' expectations. Across the EU as a whole, the figure was down by 0.8% on a monthly basis

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  • US job cuts index hits record in 2020

    3 Sep 2020 04:10 PM |

    The number of job cuts in the US in August is 56% lower than it was in July, according to a report by Challenger Gray and Christmas, published Thursday. There were 115,762 dismissals in July, which was a 116% increase compared to the same month the previous year.

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  • UK to hold trade talks with US on September 8th

    3 Sep 2020 02:10 PM |

    UK Trade Minister Greg Hands said today that UK will start a new round of trade talks with the US on September 8th, the third round since negotiations began in May.

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  • FOMC member: US labour market will not improve until end of pandemic

    3 Sep 2020 12:37 PM |

    Federal Open Market Committee member Mary C. Daly has indicated that the US labour market will not improve

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