The United States ordered a blockade of Venezuelan oil tankers because the Trump administration believes President Nicolás Maduro's regime is acting detrimentally to the United States and the world. Trump has labeled the Venezuelan government a "foreign terrorist organization" and accused the regime of asset theft, terrorism, drug trafficking, and human trafficking. He has therefore decided to block tankers sailing in and out of Venezuela as part of an economic and political pressure campaign. This move is also part of a broader US pressure campaign, including the seizure of tankers...
Employment in Australia dropped by 21,300 to 14.66 million in November 2025, swinging from a downwardly revised 41,200 gain in the previous month and missing market expectations of a 20,000 increase. Full-time employment declined by 56,500 to 10.08 million, reversing a downwardly revised 53,500 rise in October, while part-time employment increased by 35,200 after a downwardly revised 12,500 rise previously. The employment-to-population ratio fell to 63.8% from October's 64.0% and the participation rate eased to 66.7% from the prior 66.9%. On an annual basis, total employment rose by 182,400,...
Compensation costs for civilian workers in the United States increased 0.8% in the third quarter of 2025, slowing from a 0.9% increase in the previous period, slightly below market expectations of 0.9%. Wages and salaries increased 0.8%, down from a 1% increase in the first quarter, while benefit costs increased 0.8%, up from 0.7% previously. (alg) Source: Trading Economics
The better-than-expected JOLTS data briefly strengthened the dollar, indicating the relatively solid US labor market, but gold continued to rise. The market interpreted this data as a signal that the US economy hadn't yet made a hard landing, but market participants' primary focus had shifted from "daily data" to the Fed's medium-term policy stance. The end of the high-interest rate cycle has made gold attractive as a hedge, so even though the dollar strengthened after the JOLTS release, selling pressure on gold was limited, and the price of the precious metal remained at a high level. The...
White House economic adviser Kevin Hassett said Tuesday there is "plenty of room" to cut interest rates further, though he noted that rising inflation could alter this outlook. Speaking at the WSJ CEO Council, Hassett, who is widely considered a front-runner to become the next Federal Reserve chair, compared the current economic environment to the 1990s, describing it as a "potentially extremely transformative time." When asked how he would respond if President Donald Trump requested interest rate cuts that he personally disagreed with, Hassett provided a specific example of when rate cuts...
The latest survey data from the US Bureau of Labor Statistics has reported an increase in JOLTs Job Openings, a key indicator of the health of the US job market. The actual number of job openings has reached 7.658 million, significantly exceeding the forecasted figure of 7.200 million. In comparison to the forecast, the actual job opening figure represents a considerable increase, indicating a stronger-than-expected performance of the US job market. Analysts had predicted a slight decrease in job vacancies, but the actual data has defied these expectations, demonstrating the resilience and...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor...