Oil Price Are Under Pressure
Goldman Sachs analysts have made a significant downward revision to their oil price forecast, citing increasing supply and sluggish demand for crude.
Go Deeper (2 min read)Travel Is Still Up Despite Recession Fears
Persistent inflation and higher interest rates have put a strain on many households, causing consumers to be cautious about certain expenses like home improvement projects and apparel.
Go Deeper (2 min read)Uncertain Climate
The latest reports on jobs and inflation present a complex and nuanced outlook as the labor market continues its recovery from the profound shortages witnessed in the wake of the pandemic.
Go Deeper (2 min read)Inflation, Rate Hikes & The Labour Market
The Labor Department reported a substantial drop in weekly jobless claims in May, which reversed earlier surges and brought them down from the highest level since October 30, 2021.
Go Deeper (3 min read)The Great Reshoring
With the outbreak of the COVID-19 pandemic, supply chain disruptions became prevalent, prompting several Western countries to initiate campaigns focused on reshoring and nearshoring.
Go Deeper (3 min read)More from Markets
A Long Banking Storm
On Wednesday, data provider ORTEX revealed that hedge fund bets against Canada's TD Bank Group had increased by 45% in the past two weeks to reach $6.1 billion.
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E.U. And China Meet
French President Emmanuel Macron and EU chief Ursula von der Leyen are currently holding talks with Chinese leaders in Beijing. These discussions could mark a new direction for the bloc's relationship with China, which has been strained in recent years.
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U.S. Dollar Could Drop Another 15%
On Tuesday, data showed that U.S. job openings in February had dropped to their lowest level in almost two years, indicating that higher rates were starting to impact the labor market.
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New research suggests that demographic and other trends existing prior to the COVID-19 pandemic are responsible for most of the remaining shortfall in U.S. labor force participation.
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Dollar Falls As The Fed Appears More Cautious
On Thursday, the US dollar was on track to experience its longest losing streak in two-and-a-half years after the Federal Reserve hinted that it may end interest rate hikes, which investors believe are no longer necessary.
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Contagion Contained, For Now...
Japan's top government spokesperson reassured the markets that the country's banking system was stable and would not be affected by the banking sector woes in the US and Europe.
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