Economic Highlights
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
Date: January 8, 2019 United States: U.S.-China Talks Near Close With Positive Signs From Both Sides Chinese authorities planned to give a statement following the latest round of U.S. trade talks on Tuesday in Beijing, after both sides signaled progress toward resolving a conflict that has roiled markets. “The talks are still underway and I
Date: January 07, 2019 According to the Bank of Jamaica (BOJ), “Growth in credit availability, as measured by the Credit Supply Index (CSI), moderated when compared to the previous quarter.” It was further indicated that, “the CSI moderated to 101.4 from 102.2 in the previous quarter and reflected a decline in credit supply to individuals
Date: January 7, 2019 United States: Shutdown Puts $200 Million a Day in Federal Contracts at Risk If recent history is any guide, federal contractors could be out more than $200 million a day in lost or delayed revenue from the partial government shutdown, based on data compiled by Bloomberg. The companies run the
Date: January 04, 2019 According to the latest report published by Eurostat, the statistical office of the European Union, “In November 2018, compared with October 2018, industrial production fell by 0.3% in the euro area (EA19) and by 0.4% in the EU28.” However, in October 2018 industrial production increased by 0.8% in both the euro
Date: January 04, 2019 United States: Stocks Rally Before Trade Talks; Safe Havens Slip: Markets Wrap Futures for the S&P 500 rallied with stocks across Europe and Asia as the U.S. and China prepared for fresh trade negotiations and the world’s second-largest economy moved to shore up growth. Havens slipped, with Treasuries falling before
