Economic Highlights
Date: July 13, 2018 United States: U.S. Stock Futures Drift as Traders Weigh Earnings: Markets Wrap U.S. equity-index futures struggled for traction as investors focused on second-quarter earnings, and as China’s record trade surplus with America served as a reminder that protectionist tensions aren’t going away. The pound fell as the Brexit quagmire deepened. Futures
Brent Oil Brent oil prices decreased by 6.32% or US$4.93, as prices fell this week. Oil traded on July 12, 2018 at a price of $73.13 per barrel relative to US$78.06 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decreased week over week, by 0.61% (JMD$0.83). Additionally
July 12, 2018 Industrial production up by 1.3% in euro area and Up by 1.2% in EU28 According to the latest report published by Eurostat, the statistical office of the European Union, “In May 2018, compared with April 2018, industrial production rose by 1.3% in the euro area (EA19) and by 1.2% in the EU28.”
Date: July 12, 2018 United States: U.S. Yield Curve to Invert in Mid-2019, Morgan Stanley Says The Federal Reserve next March will probably map out an end to the contraction in its balance sheet, helping support longer-dated bond yields, which will drop below those on shorter-dated notes by the middle of 2019, according to Morgan
Date: July 11, 2018 Gross Domestic Product (GDP) - First Quarter 2018 The latest data from the Statistical Institute of Jamaica indicates, “The Jamaican economy grew by 1.4% in the first quarter of 2018 when compared to the similar quarter of 2017”. This was due mainly to the improved performances in both the Services industries
July 11, 2018 EU’s share of world population has almost halved over last 50 years According to the latest report published by Eurostat, the statistical office of the European Union, “Between 1965 and 2015, the share of the world’s population (7.4 billion inhabitants in 2015) living in G20 members fell from 73% to around 64%.
Date: July 10, 2018 United States: U.S. Producer Prices Rise From Year Ago by Most Since 2011 U.S. wholesale prices rose in the 12 months ended in June by the most since November 2011 as the costs of services accelerated, a Labor Department report showed Wednesday in Washington. The figures, which measure wholesale and other
July 10, 2018 House prices up by 4.5% in the euro area and up by 4.7% in the EU According to the latest report published by Eurostat, the statistical office of the European Union, “House prices, as measured by the House Price Index, rose by 4.5% in the euro area and by 4.7% in the
July 10, 2018 United States: Stocks Rise Before Earnings as Treasuries Decline: Markets Wrap Stocks edged higher and Treasuries fell as a lull in the trade war gave investors room to focus on the start of the earnings season. The S&P 500 Index rose for a fourth day, while European shares advanced with help
July 09, 2018 The Employment Situation – June 2018 The Bureau of Labor Statistics reported that, “Total nonfarm payroll employment increased by 213,000 in June, and the unemployment rate rose to 4.0%. Job growth occurred in professional and business services, manufacturing, and health care, while retail trade lost jobs.” Household Survey Data According to
