By Jeffrey Halley Wall Street had another schizophrenic day on Friday as May US Non-Farm Payrolls outperformed, rising by 390,000 jobs, slightly less than April, but well above market forecasts of 325,000.
By Edward Moya Robust hiring in the U.S. in May pretty much guarantees the Federal Reserve will move forward with a couple of half-point rate hikes at the next two meetings. US
Cyprus is witnessing the highest inflation rate recorded in four decades, with May equalling the 9.1% registered in February 1982. The highest inflation rate Cyprus endured was 10.8% in 1981. The news
By Jeffrey Halley Oil markets are on the move Thursday morning, with oil prices dipping by 2.0% in early trading after the Financial Times reported that Saudi Arabia has indicated to western
The policy response of governments and central banks to the pandemic was massive and unprecedented. In the USA, the Federal Reserve Bank put out $3 trillion in high powered money between March
By Craig Erlam European stock markets are a little lower on Tuesday, handing back Monday’s gains to trade relatively flat on the week. It’s not surprising that we’ve seen a reversal of
By Lukman Otunuga, Senior Research Analyst at FXTM Stocks in Asia were shaky on Tuesday morning following the lack of cues from Wall Street overnight due to the U.S. Memorial Day holiday.
GDP growth in Cyprus this year will decelerate to 2.3% from the previous estimate of 3.6%, while inflation will more than double due to negative geopolitical developments associated with the war in
By Jeffrey Halley Recessionary concerns continue to hold back the buy-the-dippers in Asia on Monday, with stock markets ignoring the strong rally by US index futures. It is always worth taking the
Without COVID to keep people in check, the government is wobbling to the finish line like a lame horse in the Grand National. After spending a truckload in state support to keep
