CHILE: Economic Activity Rises In October At Fastest Pace Since August 2016

Chile’s Monthly Indicator of Economic Activity (IMACEC) posted a 2.9% increase in October from the same period of 2016, said the country’s central bank. The index accelerated compared to September (+1.3%), posting its fastest growth pace since August 2016. Before seasonal adjustment, October’s IMACEC decreased 0.3% when compared to September and grew by 2.7% in ...

Read More »

ARGENTINA: Singapore To Expand Variety Of Meat Imports From The Country

The Singaporean government approved imports of chilled and frozen beef from Argentina, and will also accept sheep and goat meat from the South-American country, according to the Argentinean Foreign Ministry. The products must come from Argentinean FMD-free zones with and without vaccination, said Federico Barttfeld, the Argentinean ambassador to Singapore. ...

Read More »

Dollar Clinging To Gains After Economic Data Disappoints

The dollar got off to a positive start against its major rivals Tuesday, but has pared its early gains. The release of a pair of weaker than expected U.S. economic reports this morning was largely responsible for the pullback. With imports rising and exports edging lower, the Commerce Department released ...

Read More »

Treasuries Close Higher After Initially Showing A Lack Of Direction

After initially showing a lack of direction, treasuries moved higher over the course of the trading session on Tuesday. Bond prices climbed firmly into positive territory in afternoon trading. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 2.3 basis points ...

Read More »

Gold Drops To Lowest Since August

Gold futures dropped to their lowest in four months amid universal expectations the Federal Reserve will raise interest rates in December. Recent hawkish comments from Fed official hint at three more rate hikes in 2018 as long as inflation is stable. The Fed meets December 12-13 to announce its latest ...

Read More »

U.S. Trade Deficit Widens More Than Expected In October

With imports rising and exports edging lower, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened more than expected in the month of October. The report said the trade deficit widened to $48.7 billion in October from a revised $44.9 billion in September. Economists had ...

Read More »

Gold Near 4-week Lows

Gold futures were flat Tuesday morning in quiet dealing as traders weigh U.S. trade balance data. Gold was down $2 at $1275 an ounce, near the lowest in four weeks. Expectations that the Federal Reserve will soon raise interest rates have driven gold prices lower over the past few sessions. ...

Read More »

U.S. Service Sector Growth Slows More Than Expected In November

Activity in the U.S. service sector grew at a slower than expected rate in the month of November, the Institute for Supply Management revealed in a report released on Tuesday. The ISM said its non-manufacturing index dropped to 57.4 in November from 60.1 in October, although a reading above 50 ...

Read More »

U.S. Trade Deficit Widens More Than Expected To $48.7 Billion In October

With imports rising and exports edging lower, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened more than expected in the month of October. The report said the trade deficit widened to $48.7 billion in October from a revised $44.9 billion in September. Economists had ...

Read More »
Scroll To Top
Hosting by webhostpython.com