Economic Highlights
Brent Oil Brent oil prices decreased by 1.86 % or US$1.47, as prices fell this week. Oil traded on May 31, 2018 at a price of $77.72 per barrel relative to US$79.19 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 0.25% (JMD$0.33).
May 31, 2018 United States: Treasury Volatility Reawakens With Biggest Jump Since 2016 Italian politics just did what a correction in U.S. equities and a breach of 3 percent on the U.S. 10-year yield could not: knocked the Treasury market out of its slumber. Rates volatility has re-emerged, with Merrill Lynch’s MOVE Index surging by
May 30, 2018 Access Financial Services Limited (AFS) for the year ended March 31, 2018 reported $1.47 billion in total interest income, a 16% increase relative to the $1.27 billion recorded in 2017. Of this, Interest Income from Loans amounted to $1.46 billion (2017: $1.26 billion) while Interest Income from Securities totaled $10.62 million (2017:$9.12
May 30, 2018 The U.S. Bureau of Labor Statistics confirmed in its latest report that the national unemployment rate in April was 3.7 percent, down from 4.1 percent a year earlier. “Unemployment rates were lower in April than a year earlier in 305 of the 388 metropolitan areas, higher in 63 areas, and unchanged in
May 30, 2018 United States: Stocks Drop, Bonds Rally as Italy Woes Jolt Assets: Markets Wrap U.S. stocks tumbled the most in more than a month, joining a global equity selloff sparked by concern Italy’s political woes will destabilize Europe. Treasuries surged, oil plunged and the yen rallied. Selling in American equities picked up pace
May 29, 2018 United States: U.S. Futures Fall as Italy’s Political Turmoil Hits Markets U.S. equity futures tumbled, following global shares lower, as Italy’s political turmoil deepened. U.S. 10-year Treasuries and the dollar advanced as the euro touched its lowest level since July. Oil extended losses after Saudi Arabia and Russia said they are mulling
Date: May 28, 2018 The Chairman of Supreme Ventures Group, Mr. David McConnell, began the proceedings at the Annual General Meeting by highlighting that the company has acquired 800 new shareholders. He further went on to introduce the President and Chief Executive Officer (CEO) of Supreme Ventures, the first female to occupy such a position
May 28, 2018 United States: U.S. Stock Futures Rise as Trump-Kim Summit Appears Back On U.S. stock futures rose in Asian trading as President Donald Trump appeared to confirm the summit with North Korean leader Kim Jong Un was back on, three days after it was abruptly called off. S&P 500 Index futures climbed 0.5
May 25, 2018 United States: Dollar Bears Risk Another Knock-Down If U.S. Data Remain Buoyant As the dollar’s best rally since 2016 pauses amid a lookout for fresh catalysts, key U.S. data due in the coming days will be crucial. The Federal Reserve’s preferred gauge of inflation, payrolls figures for May, first-quarter growth and personal
Brent Oil Brent oil prices decreased by 1.39 % or US$1.12, as prices fell this week. Oil traded on May 24, 2018 at a price of $79.19 per barrel relative to US$80.31 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 2.15% (JMD$2.79).
