Deutsche Boerse Proposal Seeks to Expand DAX
Deutsche Boerse is pitching to include 40 firms from 30 representing the German blue-chip’s DAX now, according to Reuters. Proposed reforms call for tougher membership criteria in the wake of…
U.S. Unemployment Situation
September’s nonfarm payroll employment increased by 661,000 compared, while unemployment rate fell by 0.5% to 7.9%, according to press release. Resumption of economic activity, previously halted by pandemic led to…
U.S. Personal Income Falls, Expenditure Rise in August
U.S. personal incomes declined by 543.5 billion (2.7%) in August, according to press release. Disposable incomes fell by $570.9 billion (3.2%) despite rise in personal expenditures by $141.1 billion. Fall…
U.S. Initial Jobless Claims Falls in the Last Week of September
Seasonally adjusted unemployment insurance initial claims show 837,000. A 36,000 decline from previous week’s revised level, according to the latest Department of Labour press release. The figure comes up 13,000…
JPX Trading Halts Entire Day on Technical Glitches
Japan Exchange Group (JPX) trading was stopped on Thursday as Tokyo Stock Exchange (TSE) experienced technical glitches, according to press release. Hitch was the first since the Japanese exchange adopted…
White House Stimulus Almost Set at $1.5 trillion. Airlines $20 billion aid included
Trump’s Administration stimulus package is estimated to be over $1.5 trillion, which also includes $20 billion extension aid to the pandemic hit airline industry, according to Reuters. Stimulus package proposal…
Eurozone Manufacturing PMI Highest Since August 2018-HIS Markit
Final Eurozone manufacturing in September is 53.7, up from August's 51.7, the strongest for over two years, according to press release. Growth contributed by robust Germany's manufacturing activity due to…
Pending Home Sales Up by 8.8%, beats 3.1% Analysts’ Expectations
U.S.’s August’s pending home sales continued the upward momentum, marking a four-month of uninterrupted positive contract activity, according to a press release. Year-over-year sales were up 20.5% vs estimated 17.6%.…
House Speaker Nancy Pelosi “hopeful” of additional coronavirus relief package
Pelosi expects to secure an aid deal with the White House this week after 50 minutes talk with Treasury Secretary Steve Mnuchin, according to Reuters. Talks expected to continue on…
Oil Majors Rosneft and Saudi Aramco Unlikely to Bid for BPCL Privatisation
Rosneft and Saudi Aramco will not bid for Indian refiner BPCL, as weak fuel demand and low oil prices limit their investment plans, according to Reuters. Earlier, Russia’s Rosneft had…
Euro Area Economic Confidence Strengthens, Employment Optimism Rises
Euro area’s Economic Sentiment Indicator (ESI) recorded a 3.6 points increase to reach 91.1, above 89.0 analysts’ estimate, according to the press release. Confidence fueled by declining pessimism in industry,…
U.K. Housing Mortgage Approvals Rise on Recovery Signs
U.K. mortgage market recovered in August, following slowdowns by COVID-19, according to a press release. Households borrowed additional 3.1 billion pounds, net, secured on their homes, a rise from July's…