The White House update to its tariff schedule is a "welcome development" after challenges caused by a recent U.S. Customs ruling on gold bars, the London Bullion Market Association said on Wednesday. The executive order, issued on September 5 by President Donald Trump, updates the tariff schedule for certain goods, including key gold products. The White House referred to them as reciprocal tariffs. Under the update, gold bars imported from "aligned partner" countries under certain codes of the Harmonized Tariff Schedule of the United States - including 7108.11.00, 7108.12.50, 7108.13.10,...
Nonfarm Payrolls (NFP) in the US rose by 227,000 in November, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading came in above the market expectation of 200,000.
The number of Americans filing for unemployment benefits rose to 224,000 in the week ending Dec. 1, 2024. The figure was higher than the 215,000 estimate and higher than the previous weekly reading of 213,000, the Labor Department said Thursday. Source: @Newsmaker23
Private businesses in the US added 146K workers to their payrolls in November 2024, the least in three months, following a downwardly revised 184K rise in October, and slightly below forecasts of 150K. The service-producing sector added 140K jobs, led by education/health services (50K); trade/transportation/utilities (28K); professional/business services (18K); leisure/hospitality (15K); financial activities (5K) and information (4K). Meanwhile, the goods-producing sector added 6K jobs, of which 30K in construction and 2K in natural resources/mining while manufacturing shed 26K jobs....
The number of workers quitting jobs in the US rose to 3.326 million in October 2024, the highest in five months, from an upwardly revised 3.098 million in the previous month. The quit rate, a metric that measures workers voluntarily leaving their jobs as a proportion of total employment, increased to 2.1% from 1.9% in the previous month. Quits increased in the accommodation and food services sector (+90,000). Source: Trading Economics
The S&P Global US Manufacturing PMI was revised higher to 49.7 in November 2024 from a preliminary reading of 48.8, and compared with 48.5 in October, indicating a near-stabilization of the manufacturing sector. The rate of decline in new orders slowed sharply, while stronger confidence in the future prompted companies to add staff. However, output continued to be cut. Meanwhile, the rate of input cost inflation weakened further and was the slowest in a year. In contrast, output prices rose at a slightly faster pace. "Optimism about the year ahead has risen to an unprecedented level in...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Poland shot down a drone in its airspace on Wednesday with the support of military aircraft from its NATO allies. This is the first time a member of the Western military alliance is known to have...