Economic Highlights
August 02, 2018 According to the latest report published by Eurostat, the statistical office of the European Union, “In June 2018, compared with May 2018, industrial producer prices rose by 0.4% in both the euro area (EA19) and the EU28.” However, in May 2018 there price increased by 0.8% in the euro area while in
Date: August 2, 2018 United States: Fed Leaves Key Rate Unchanged With Economy Growing at ‘Strong Rate’ Federal Reserve officials left U.S. interest rates unchanged and stuck with a plan to gradually lift borrowing costs amid “strong” growth that backs bets for a hike in September. Economic activity has been “rising at a strong rate,”
July 30, 2018 The U.S. Bureau of Economic Analysis indicated that, “The U.S. direct investment abroad position, or cumulative level of investment, increased $427.3 billion to $6,013.3 billion at the end of 2017 from $5,586 billion at the end of 2016.The increase mainly reflected a $243.6 billion increase in the position in Europe, primarily in
Date: July 30, 2018 United States: Powell to Duck Trump Jabs and Let Economy Justify Fed Rate Pause President Donald Trump is casting a long political shadow over this week’s meeting of the Federal Reserve. No increase in interest rates is expected when officials gather on Tuesday and Wednesday in Washington, according to pricing in
Daily Market Summary 27.07.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may
Date: July 27, 2018 United States: Trump Predicts Data Will Show U.S. Economy in ‘Terrific’ Shape President Donald Trump predicted data on Friday will show the U.S. economy is in “terrific” shape amid forecasts that growth topped 4 percent in the second quarter, the fastest since 2014. Speaking at a steel mill in Granite City,
Date: July 26 ,2018 BOJ Modernisation As Jamaica aims to maintain fiscal discipline and macroeconomic stability, recently appointed Minister of Finance and Public Services, Honourable Dr. Nigel Clarke, announced the implementation of Jamaica’s second pillar, the modernisation of the Bank of Jamaica (BOJ). He highlighted today that this particular decision of institutional reform stemmed from
Brent Oil Brent oil prices increased by 3.03% or US$2.19, as prices increased this week. Oil traded on July 26, 2018 at a price of $74.51 per barrel relative to US$72.32 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decreased week over week, by 0.21% (JMD$0.28). Additionally,
Date-July 26 ,2018 United States: U.S. Economy Set to Benefit From China Slowdown as World Suffers The U.S. would probably benefit from a sharp slowdown in China’s economy even as the rest of the world suffers, according to calculations by Germany’s Bundesbank. What may seem like a counter-intuitive scenario has its roots in trade relations.
July 25, 2018 The U.S. Bureau of Economic Analysis indicated that, “Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the first quarter of 2018. Notably, Washington had the fastest growth in the first quarter with a percentage change in real GDP ranging from 3.6 percent to -0.6 percent
