Posts Tagged ‘imports’

US Jobless Claims Fall, Trade Deficit Widens

by Christopher Lemieuxon February 6, 2014 2:59 pm BST
Initial jobless claims in the United States fell 20K to 331, marking the first decline in three week’s, according to the Labor Department. Analysts were expecting 331K. Last weeks jobless claims number was revised up to 351K from 341K. “When you look at the labor market, job destruction has been very, very low,” said Scott […]

World Bank Revised Global Growth Upward

by Christopher Lemieuxon January 15, 2014 3:55 pm BST
The World Bank revised the global growth forecasts upward due to the need for less austerity in developed markets. A growth expansion of 3.2 percent is seen this years opposed to the original projection of 2.4 percent made in June 2013. The World Bank fprecasts the eurozone getting better and the United States leading the […]

India’s Precious Metal Imports Slump; Gold and Silver Technicals

by Christopher Lemieuxon January 13, 2014 2:56 am BST
India, the world’s second largest importer of gold and silver, seen a huge decline of 69 percent in December as the government curbed purchases in an attempt to maintain the widening current-account deficit. According to the Commerce Secretary S.R. Rao, import shipments of both gold and silver were valued at $1.77 billion in December opposed […]

WTI Crude Finds Support on Poor US Data

by Christopher Lemieuxon January 11, 2014 4:34 pm BST
West Texas Intermediate (WTI) crude bounced from a new six month low as the US Labor Department said only 74K jobs were added in December, 126K less than analysts’ general consensus. This created speculation that the poor employment data would but a temporary halt to the Federal Reserve’s taper, and crude closed higher on the […]