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,...
The number of Americans filing claims for unemployment benefits fell to 213,000 in the week ending Nov. 17, 2024. The figure was lower than the 220,000 estimate and lower than the previous weekly reading of 217,000, the Labor Department said Thursday. Source: @Newsmaker23
US retail sales advanced in October, boosted by autos that masked more mixed performance elsewhere heading into the holiday season. The value of retail purchases, unadjusted for inflation, increased 0.4% after an upwardly revised 0.8% gain in September, Commerce Department data showed Friday. Excluding autos, sales edged up 0.1%. Source : Bloomberg
US producer prices picked up in October, fueled in part by gains in portfolio management and other categories that feed into the Federal Reserve's preferred inflation gauge. The producer price index for final demand increased 0.2% from a month earlier after rising a revised 0.1% in September, Bureau of Labor Statistics data showed Thursday. Compared with a year ago, the PPI rose 2.4%. The wholesale inflation data follow the more closely watched consumer price index, which showed on Wednesday that underlying inflation remained stubborn for a third month. While...
The number of Americans filing claims for unemployment benefits fell to 217K in the week ended Nov. 10, 2024. That was below the 224,000 estimate and below the previous weekly estimate of 221K the Labor Department said Thursday. Source: @Newsmaker23
The Australian Bureau of Statistics (ABS) will release its October monthly employment report at 00:30 GMT on Thursday (11/14). The country is expected to have added 25,000 new jobs, while the Unemployment Rate is expected to remain steady at 4.1%. The Australian Dollar (AUD) is trading near a multi-week low against the US Dollar (USD) ahead of the event amid continued USD demand, with the AUD/USD pair trading just above the 0.6500 mark. The ABSEmployment Change report separates full-time jobs from part-time jobs. By definition, full-time jobs mean working 38 hours or more per week and...
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...