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US Futures Extend Gains, Dollar Retreats on Strong Risk-on Sentiment

US dollar and cable slip; Euro, loonie and aussie storm higher The dollar is edging lower for a second consecutive day, pressured by the positive risk tone in the markets. However, attention is now shifting to the CPI reading on Friday, where a stronger-than-expected inflation figure might lock in the acceleration of the Fed’s tapering program, underpinning the greenback’s prospects. The […]

This chart from Gundlach shows just how hot the U.S. economy is running

Just how hot is the U.S. economy? This striking chart from the so-called bond king, DoubleLine CEO Jeffrey Gundlach, shows it’s sizzling. In a presentation to investors, the manager of the DoubleLine Total Return Bond Fund presented this chart, showing that the growth in spending on goods since the pandemic nearly equals the growth in […]

2021 in review: The persistence of instability

For many, the first months of 2021 were cause for cautious optimism. After almost a year of the pandemic, COVID cases started to trend downwards worldwide as the vaccine rollout began. Trump had lost the US election and, despite sinister soundbites, seemed incapable of overturning the vote. A world economic recovery was well underway, and […]

Child care woes cost Arizona economy $1.8 billion a year

Instability in Arizona’s child care system is costing the state an estimated $1.8 billion in economic activity a year, according to a new U.S. Chamber of Commerce Foundation report, as gaps in care force parents to forgo professional and educational opportunities. Though access to child care proved to be “a concern for nearly every working […]

REPORT LAUNCH Philippines Economic Update: Regaining Lost Ground, Revitalizing the Filipino Workforce – World Bank Group

REPORT LAUNCH Philippines Economic Update: Regaining Lost Ground, Revitalizing the Filipino Workforce World Bank Group Read more…

Rupee gains 15 paise to 75.30 against U.S. dollar in early trade

In the previous session, the rupee had settled at 75.45 against the greenback. The rupee appreciated 15 paise to 75.30 against the U.S. dollar in opening trade on Tuesday, as a rally in domestic equities and weak American currency in the overseas markets boosted investor sentiments. However, surging crude prices in the international market and […]

Fourth stimulus check live updates: COLA 2022 benefits, Medicare, Child Tax Credit… – AS English

Fourth stimulus check live updates: COLA 2022 benefits, Medicare, Child Tax Credit… AS English Read more…

Hungary Economy among ‘Winners of New World Economy’

Hungary’s economy rebounded to pre-pandemic levels by mid-2021, while the global economy is only expected to do the same by the end of 2022, Péter Szijjártó, the minister of foreign affairs and trade, said at his annual parliamentary hearing on Monday. The Hungarian economy has “broken one record after another” in the past two years, […]

The Circular Economy Has a Critical Role in Climate Action

At the recent COP26 climate talks, countries and companies largely focused on tackling climate change by decarbonizing the energy sector. Such tactics include commitments to curb the finance of fossil fuel projects, address the challenge of methane emissions, and reduce the carbon intensity of industries like aluminum and steel. Such agreements, while critical, are only […]

Economic Data Puts the EUR in Focus, while COVID-19 Will Remain a Key Driver

Earlier in the Day: It was a particularly quiet start to the day on the economic calendar this morning. There were no major stats to provide the majors with direction in the early hours. The lack of stats left the markets to respond to Friday’s NFP numbers from the U.S and the latest COVID-19 news […]