On Friday, as investors analysed the Friday jobs report that showed U.S. hiring increased significantly in September but also that pay growth is slowing, the U.S. dollar weakened versus a basket of currencies. The dollar index, which gauges the strength of the currency against a basket of six competitors, fell. 0.31 % to 106.03 . … Read more
A concern that the labour market isn’t cooling as quickly as the Federal Reserve would like in its fight against inflation is highlighted by the US economy’s 336,000 job gains in September. The nonfarm payroll increases were almost twice as high as the 170,000 economists polled by Bloomberg had predicted. According to data from the … Read more
Martin Dell, CEO of ClearVue Technologies, spoke with Steve Darling from Proactive about the business’ cutting-edge glass technology. Advanced glass technology created by ClearVu combines transparency with the capacity to produce electricity from windows. By adding solar PV cells to the borders of insulated glass units (IGUs), which are used in windows, this method enables … Read more
On Thursday, Canada applauded a trade dispute panel’s decision that the United States should evaluate certain aspects of its softwood lumber policy, including its duty policy on the majority of such products exported from its northern neighbour. The tariffs are the result of a protracted trade dispute over Canada’s timber sector’s organisation that was unresolved … Read more
The company’s shares attracted a lot of interest over the past several months due to a significant price swing on the NYSE, rising to US$56.47 at one point and falling to the lows of US$49.86. Investors may have a greater opportunity to purchase a stock and possibly do so at a lower price due to … Read more
While layoffs decreased in September, the number of Americans submitting new claims for unemployment benefits increased slightly last week, indicating that the labour market was still tight at the end of the third quarter. Other data released on Thursday showed that the trade deficit shrank to its lowest level in almost three years in August … Read more
Kevin Buckland takes a look at the day’s trading in the European and international markets. On Friday, there was some welcome peace in the markets, but there is concern that this calm is only the beginning of a storm because the U.S. payrolls data will be released at a time when uncertainty about how aggressive … Read more
The average long-term U.S. mortgage rate increased this week to its highest level since December 2000, driving up the cost of purchasing a home and further lowering the affordability prospects for many prospective homebuyers. According to mortgage buyer Freddie Mac, the average rate on the standard 30-year home loan increased to 7.49% from 7.31% last … Read more
In order to avoid re-imposing tariffs from the Trump administration on transatlantic trade, U.S. and European Union leaders hope to announce a temporary agreement on steel and aluminium trade at their summit on October 20. The Global Arrangement for Sustainable Steel and Aluminium, which the EU and U.S. have been negotiating since 2021, includes addressing … Read more
