In a surprising turn of events, the U.S. job market showcased robust growth in May, outpacing economists’ expectations. Despite this positive indicator of economic health, the stock market reacted with initial turbulence, indicating a broader unease among investors. Job Growth Surpasses Forecasts May saw the addition of 272,000 jobs in the U.S., a figure well […]
A fierce rivalry for copper among some of the largest commodity traders is creating opportunities for miners to secure advantageous terms, ranging from substantial upfront payments to extended contracts. Energy Traders Intensify Competition in Copper Market Recent moves by cash-rich energy traders like Mercuria Energy Group Ltd. to expand into metals — a market traditionally […]
In the wake of recent economic data, concerns about the trajectory of the U.S. economy are mounting. While growth hasn’t plummeted to alarming levels yet, there are indications that the current trends could lead to more worrisome outcomes if left unchecked. Inflation Concerns Intensify Ahead of U.S. Presidential Election Investors’ attention initially gravitated towards the […]
On Monday, the Japanese yen’s decline against the U.S. dollar was pronounced, plummeting to its lowest point in 34 years. Briefly, the currency breached the 160 yen per dollar mark, a threshold not seen since 1990, before clawing back some ground. As the Asian trading day drew to a close, it settled around 155 yen […]