Economic Highlights
Date: September 6, 2018 United States: A Rare U.S.-Europe Junk Bond Split Tantalizes Big-Money Funds Europe’s high-yield bond market has gotten tantalizingly cheap, according to big-gun debt funds. Money managers at JPMorgan Asset Management and PGIM Inc. who oversee about $70 billion collectively say it’s time to buy. Even as Italy’s populist government bids to balloon
Date: September 5, 2018 Jamaica Broilers Group (JBG) reported total revenues of $12.16 billion, a 6% increase on the $11.49 billion reported in 2017. Total revenue was broken down as follows. Of total revenues: The Jamaica Operations contributed $8.24 billion, a 5% increase compared to $7.87 billion for the same period of 2017. US Operations
Date: September 5, 2018 Blue Power Group Limited (BPOW) for the three months ended July 31, 2018 revenues increased by 15%, year over year, totaling $436.45 million (2017: $380.54 million) as sales from the Lumber division increased by 10%, while sales from the soap division rose 27%. BPOW stated that “The first quarter ended July
Date: September 5, 2018 Express Catering Limited (ECL) for the year ended May 31, 2018 reported a 10% increase in revenue to US$15.71 million (2017: US$14.23 million). Revenue for the quarter advanced 5% to close at US$4.35 million relative to US$4.21 million reported the previous year. Cost of sales (COS) increased by 13% for the
Date: September 5, 2018 United States: U.S. Stocks Fall, Dollar Gains as EM Assets Wobble: Markets Wrap U.S. stocks fell, Treasuries weakened and the dollar climbed as trade tensions persisted and emerging markets remained under pressure. The S&P 500 started September on the back foot as Nike Inc.’s politically controversial ad campaign and Facebook Inc.’s
Date: September 4, 2018 United States: Dollar Advances as Stocks Fall With EM Currencies: Markets Wrap The dollar advanced and stocks fell as trade tensions persisted and emerging markets came under pressure, with turmoil in currencies spreading from Turkey and Argentina to South Africa. Declines in the yen and gold left investors with few havens.
Date: September 3, 2018 United States: If Fed Policy Is Still Easy, Consumers Aren't Getting the Memo Federal Reserve officials say interest rates are still low enough that they continue to stimulate the U.S. economy. New data from a University of Michigan survey suggests that may no longer be the case. The share of U.S. consumers
Date: August 31, 2018 United States: U.S. Second-Quarter Growth Revised Up to 4.2% on Software, Trade The U.S. economy expanded in the second quarter at a slightly faster pace than previously estimated on revisions to imports and software spending, bolstering the strongest period of growth since 2014, according to Commerce Department data released Wednesday. The
Brent Oil Brent oil prices increased by 4.61% or US$3.43, as prices rose this week. Oil traded on August 30, 2018 at a price of US$77.79 per barrel relative to US$74.36 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 1.08% (JMD$1.48). Additionally,
Date: August 30, 2018 United States: U.S. Farm Trade Surplus to Shrink as Chinese Tariffs Bite Agriculture, one of the few areas of the U.S. economy that sells more abroad than it buys, will see its trade surplus shrink next year as shipments to China collapse amid a trade war between the two nations, according to
