U.S Treasury prices fell on Thursday after President-elect Joe Biden move forward with a $2 trillion stimulus bill. The yield on the 10-year Treasury note, which moves inversely to its…
U.S. sales of new single-family houses in November came at an adjusted annual rate of 841,000, according to the Census Bureau press release. The sales were down 11% from October…
The European Union cleared Pfizer and BioNTech vaccine on Monday, paving the way for mass vaccinations after Christmas, according to Reuters. Germany, France, Austria, and Italy plan to start vaccinations…
European stocks and the pound traded 2% lower on Monday amid growing market volatility over a new coronavirus strain in Britain, reports Reuters. The new strain, up to 70% more…
German Chancellor Angela Merkel and French Emmanuel Macron have reportedly approved an EU’s investment deal with China, according to SCMP. Germany, currently holding the EU Council's presidency, announced that the…
The Federal Reserve kept the target range for the federal funds rate at 0-0.25 until economic conditions stabilize, according to Bloomberg. Fed will also continue bond buys until ‘substantial‘ progress…
U.S retail sales fell 1.1% in November, a second consecutive month, dimming hopes of economic recovery from the pandemic recession, according to CNBC. Retail sales were weighed down by restrictions…
The U.S. lawmakers will this week try to end the impasse over federal budget priorities and coronavirus aid ahead of friday midnight deadline, Reuters reports. The House is yet to…
U.S. recorded a Composite PMI Output Index of 58.6 in November, up from 56.3 in October, the sharpest rate of growth since March 2015, according to IHS Markit press release.…
U.S. November Manufacturing PMI was 57.5%, down 1.8% from October’s 59.3%, and below expected 58.0, according to press release. Manufacturing strengthened for the sixth straight month, but at slower rates…
Lagarde has promised a forceful monetary stimulus package in December and urged governments to avail of pandemic relief without delay, reports Bloomberg. European Central Bank President has urged European Union…
In a look at news making headlines, Fed voting issues, stimulus packages, and ECB policy are the focus. Here are the monetary policy developments: Shelton’s time is running out in…