The Federal Budget deficit increased last month by a slower pace than in previous months: according to the recent publication of the Monthly Treasury Statement, the U.S government deficit increased in September 2011 by $64.5 billion; this is a decrease…
Category: News Feed
IEA Revised Down 2011 Estimate on Oil Demand– October Report
Today, the IEA – International Energy Agency published its monthly report on the global crude oil market as of September 2011. During September, OPEC’s oil production slipped by to 30.15 million bbl/d compared with August’s average oil production; this was…
OPEC’s Oil Production Slipped in September -OPEC October Report
In the recent Organization of the Petroleum Exporting Countries report the OPEC oil production slightly declined during September compared to August 2011. OPEC’s crude oil production slightly slipped by 77 thousand bbl/d during September as it reached 29,896 thousand bbl/d…
U.S Employment Grew by 103k in September – October Report 2011
The U.S. labor force grew in September after it had remained unchanged in August: according to the recent U.S. employment report, which was published today, October 7th by the Bureau of Labor Statistics the number of non-farm employees inclined by…
ECB Left Interest Rate Unchanged at 1.5% – October 6
Despite the high expectation that the European Central Bank will lower its basic interest rate, Jean-Claude Trichet, President of ECB, wasn’t pressured and decided to keep the interest rate unchanged at 1.5%; Jean-Claude Trichet, in his last ECB rate decision…
U.S. Non-PMI Manufacturing Index Slightly Slipped to 53%
Today the U.S. non-manufacturing ISM report was published and the U.S. non-manufacturing PMI reached 53.0% in September. The U.S. non-manufacturing PMI, which is an index that estimates the economic activity in the U.S. non-manufacturing sector, grew for the 22nd consecutive…
U.S. PMI Manufacturing Index Slightly Rose to 51.6%
Today the U.S. Manufacturing ISM report was published and the U.S. Manufacturing PMI reached 51.6% during September. The U.S. Manufacturing PMI, which is an index that shows the economic activity in the U.S. manufacturing sector, grew for the 26th consecutive…
Weekly Outlook for October 3-7
The debt crisis in Europe will continue to occupy the news and affect forex, stocks and commodities markets throughout the week. This upcoming week brings many news items that could influence the commodities market including gold and crude oil. The…
U.S. Pending Home Sales Declined in August 2011
According to the recent U.S. pending homes sales report there was another decrease in pending home sales during August 2011, but the August pending home sales index was still above the August 2010 index. The US pending home sales index…
U.S. Goods Orders Slipped | Capital Goods Rose – September 2011
Today, the U.S. Census Bureau published its monthly report on U.S. durable goods manufactures’ shipments, inventories and orders for August 2011 – the report showed a slight decrease in orders of durable goods but an increase in capital goods compared…