News & Analytic Centre

U.S. Manufacturing Output Rebounds in March

WASHINGTON, April 15 Reuters Production at U.S. factories rebounded in March amid strengthening domestic demand, with output of motor vehicles rising despite a global semiconductor chip shortage that has forced some automakers to cut production. Manufacturing production jumped 2.7 last month after declining 3.7 in February, the Federal Reserve said on Thursday. Manufacturing production remains […]
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Gold Prices Eye Biggest Daily Gain of Month

Gold futures climbed Thursday, with prices poised to log their biggest daily gain since March as benchmark U.S. bond yields pull back and rising U.S. tensions with China and Russia boosted the haven metals appeal to investors. Gold also moved up after a series of good reports on the health of the U.S. economy, which […]
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Europes PandemicStricken Economy could Return to PreCrisis Levels next Year, IMF Says

Europes economy is on track to return to its precrisis levels in 2022, the International Monetary Fund said on Wednesday, though this projection depends on the regions Covid19 vaccination campaign. European countries have been forced to introduce new restrictions or toughen previous public health measures in recent weeks as Covid infections have surged. This led […]
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Nikkei Closes nearly Unchanged as Tech Shares Cap Gains

TOKYO, April 15 Reuters Japanese shares closed slightly higher on Thursday, led by cyclical firms that would benefit from a global economic rebound and banks which tracked their U.S. peers, while a fall in technology stocks capped gains. Nikkei share average edged up 0.07 to close at 29,642.69, after briefly retreating following a senior politicians […]
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NZD, AUD Up, CHF Down; US Retail Sales, Jobless Claims

Rates as of 0500 GMT Market Recap Well, as usual Im right but unfortunately the market doesnt agree. NZD continued to appreciate despite my coruscatingly brilliant argument that yesterdays Reserve Bank of New Zealand RBNZ statement didnt warrant it. To make matters worse, even though there was a blowout Australia employment report unemployment rate falls […]
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Oil to Hit 40 by 2030 if Climate Goals are Met Consultancy

Global oil prices could drop to around 40 a barrel by 2030 if governments push to reduce fuel consumption in step with U.N.backed plans to limit global warming, a leading energy consultancy said on Thursday. In a report outlining a scenario where the world acts decisively to tackle greenhouse gas emissions by electrifying transport and […]
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