Jerry Lin
The Latest
-
Dollar Falls, Treasury Yields Drop as Harris Gains Edge in Final Election Polls, Markets Await Fed Rate Cut
With a tight U.S. presidential race intensifying, the dollar declined sharply on Monday, accompanied by falling Treasury yields, as investors recalibrate expectations following polls showing Kamala Harris gaining ground. These developments set a jittery tone ahead of Tuesday's election and an anticipated Federal Reserve rate cut later this week. 
With a tight U.S. presidential race intensifying, the dollar declined sharply on Monday, accompanied by falling Treasury yields, as investors recalibrate expectations following polls showing Kamala Harris gaining ground. These developments set a jittery tone ahead of Tuesday's election and an anticipated Federal Reserve rate cut later this week. -
Oil Prices Climb as OPEC+ Delays Planned Output Hike by One Month
Oil prices edged upward by over $1 on Monday as OPEC+ announced a one-month delay to its scheduled December production increase. This decision came amid concerns about sluggish demand from major markets, notably China, and a rise in supply outside the alliance, which includes the Organization of the Petroleum Exporting Countries and allies like Russia. Brent crude rose $1.14 per barrel, reaching $74.24, while U.S. West Texas Intermediate crude also gained $1.14, settling at $70.63 per barrel. 
Oil prices edged upward by over $1 on Monday as OPEC+ announced a one-month delay to its scheduled December production increase. This decision came amid concerns about sluggish demand from major markets, notably China, and a rise in supply outside the alliance, which includes the Organization of the Petroleum Exporting Countries and allies like Russia. Brent crude rose $1.14 per barrel, reaching $74.24, while U.S. West Texas Intermediate crude also gained $1.14, settling at $70.63 per barrel. -
October Jobs Report Disappoints with Just 12,000 Jobs Added as Boeing Strike and Hurricanes Take Toll
The U.S. labor market delivered its weakest job growth in nearly three years, with October's job additions totaling just 12,000, a stark decline from September's revised gain of 223,000, the Bureau of Labor Statistics (BLS) reported Friday. This sharp deceleration in hiring-falling significantly below economists' forecasts for 100,000 new jobs-comes as severe weather and a protracted Boeing strike weighed heavily on economic activity. 
The U.S. labor market delivered its weakest job growth in nearly three years, with October's job additions totaling just 12,000, a stark decline from September's revised gain of 223,000, the Bureau of Labor Statistics (BLS) reported Friday. This sharp deceleration in hiring-falling significantly below economists' forecasts for 100,000 new jobs-comes as severe weather and a protracted Boeing strike weighed heavily on economic activity. -
Gold Pulls Back as Traders Take Profits Before U.S. Election and Fed Meeting
Gold prices declined on Thursday as traders locked in profits following a record-breaking rally. Spot gold, which earlier reached a new high of $2,790.15 per ounce, fell by as much as 2%, hitting $2,731.65 before settling at $2,738.51 an ounce by mid-morning in New York. 
Gold prices declined on Thursday as traders locked in profits following a record-breaking rally. Spot gold, which earlier reached a new high of $2,790.15 per ounce, fell by as much as 2%, hitting $2,731.65 before settling at $2,738.51 an ounce by mid-morning in New York. -
Inflation Slows to 2.1% in September, Boosting Expectations for Fed Rate Cut
Inflation in the United States cooled in September, edging closer to the Federal Reserve's long-standing 2% target, according to a report from the Commerce Department on Thursday. The Personal Consumption Expenditures (PCE) price index, the Fed's preferred inflation measure, showed a 2.1% annual increase, down slightly from August's 2.3%, with a monthly increase of 0.2% in line with market forecasts. 
Inflation in the United States cooled in September, edging closer to the Federal Reserve's long-standing 2% target, according to a report from the Commerce Department on Thursday. The Personal Consumption Expenditures (PCE) price index, the Fed's preferred inflation measure, showed a 2.1% annual increase, down slightly from August's 2.3%, with a monthly increase of 0.2% in line with market forecasts. -
Oil Prices Climb Amid Unexpected U.S. Stockpile Drop and Potential OPEC+ Output Delay
Oil prices gained ground Thursday, driven by an unexpected dip in U.S. fuel inventories and growing speculation that OPEC+ may hold back on a planned production increase, potentially extending it into early next year. Both Brent crude and West Texas Intermediate (WTI) crude saw increases, with Brent settling at $72.99 a barrel, up 0.61%, while WTI rose to $69.07, a 0.67% gain. 
Oil prices gained ground Thursday, driven by an unexpected dip in U.S. fuel inventories and growing speculation that OPEC+ may hold back on a planned production increase, potentially extending it into early next year. Both Brent crude and West Texas Intermediate (WTI) crude saw increases, with Brent settling at $72.99 a barrel, up 0.61%, while WTI rose to $69.07, a 0.67% gain. -
U.K. Labour Unveils £40 Billion Tax Hikes to Plug Fiscal Gap, Boost Investment
The U.K.'s new Labour government unveiled its first budget plan on Wednesday, featuring a sweeping £40 billion ($51.8 billion) in tax hikes aimed at addressing a significant gap in public finances and funding critical investments in public services. Finance Minister Rachel Reeves, delivering the government's debut fiscal plan, emphasized that the difficult choices were necessary to stabilize the economy following years of Conservative leadership. 
The U.K.'s new Labour government unveiled its first budget plan on Wednesday, featuring a sweeping £40 billion ($51.8 billion) in tax hikes aimed at addressing a significant gap in public finances and funding critical investments in public services. Finance Minister Rachel Reeves, delivering the government's debut fiscal plan, emphasized that the difficult choices were necessary to stabilize the economy following years of Conservative leadership. -
Euro Zone Surprises with 0.4% Growth in Q3 as Germany Avoids Recession
The euro zone economy delivered better-than-expected growth in the third quarter, expanding by 0.4%, according to preliminary data released by the European Union's statistics agency. This growth, which beat economists' forecasts of 0.2%, marked an acceleration from the 0.3% recorded in the second quarter. T 
The euro zone economy delivered better-than-expected growth in the third quarter, expanding by 0.4%, according to preliminary data released by the European Union's statistics agency. This growth, which beat economists' forecasts of 0.2%, marked an acceleration from the 0.3% recorded in the second quarter. T -
U.S. Economy Grows 2.8% in Q3, Driven by Consumer Spending and Government Outlays
The U.S. economy grew at an annualized rate of 2.8% in the third quarter, according to the Commerce Department, reflecting a slightly slower pace than economists had expected. Despite this, the growth rate remains a testament to the resilience of the American economy, which continues to expand despite high inflation, rising interest rates, and global economic uncertainty. 
The U.S. economy grew at an annualized rate of 2.8% in the third quarter, according to the Commerce Department, reflecting a slightly slower pace than economists had expected. Despite this, the growth rate remains a testament to the resilience of the American economy, which continues to expand despite high inflation, rising interest rates, and global economic uncertainty. -
Oil Prices Edge Higher as Middle East Tensions Persist and U.S. Stockpiles Shrink
Oil prices edged higher on Wednesday, attempting to stabilize after a sharp two-day decline. The rebound comes as traders weigh developments in the Middle East and the impact of dwindling U.S. crude stockpiles, against a backdrop of global supply concerns and shaky demand projections. 
Oil prices edged higher on Wednesday, attempting to stabilize after a sharp two-day decline. The rebound comes as traders weigh developments in the Middle East and the impact of dwindling U.S. crude stockpiles, against a backdrop of global supply concerns and shaky demand projections.
