Latest Finance-Economy News
US Challenger Job Cuts Surge to 108.435K
The US Challenger Job Cuts reached 108.435K, far exceeding consensus of 35.553K and previous 43.0K, scheduled at 12:30 PM UTC. This indicator tracks announced layoffs and could signal labor market weakness.
ECB Holds Deposit Facility Rate at 2%
The European Central Bank maintained its Deposit Facility Rate at 2% as expected at 01:15 PM UTC. This rate influences overnight lending in the eurozone.
ECB Interest Rate Decision Unchanged at 2.15%
ECB's main Interest Rate Decision stayed at 2.15%, aligning with forecasts and previous levels at 01:15 PM. Markets anticipated no change amid stable inflation outlook.
ECB Marginal Lending Rate Steady at 2.4%
The Marginal Lending Rate remains at 2.4% following the ECB decision at 01:15 PM UTC. This rate applies to emergency overnight borrowing.
US 10-Year Treasury Yield at 3.630%
US Treasury yields showed 10-Year Note at 3.630% actual versus consensus 3.635%, indicating stable bond market sentiment. Yields influence borrowing costs globally.
US 15-Year Mortgage Rate Hits 5.5%
The 15-Year Mortgage Rate rose to 5.5% from previous 5.49%, reported at 05:00 PM UTC. This impacts housing affordability for borrowers.
US 30-Year Mortgage Rate at 6.11%
30-Year Mortgage Rate increased to 6.11% against forecast of 6.1%, at 05:00 PM. Higher rates may cool the housing sector further.
Brazil Balance of Trade Records $4.34B Surplus
Brazil's Balance of Trade showed a $4.34B surplus at 06:05 PM UTC. This reflects strong export performance amid global trade dynamics.
US Consumer Credit Change Expected at $10B
US Consumer Credit Change is forecasted at $10.0B for August release at 08:00 PM UTC, previous $4.23B. It measures revolving and non-revolving credit growth.
US Shares Rise 0.3% Amid Strong Earnings
US stocks gained 0.3% for the recent week, supported by robust corporate earnings reports. This resilience occurred despite broader economic uncertainties.
Eurozone Shares Edge Up 0.2%
Eurozone equities rose 0.2% weekly, reflecting cautious optimism post-ECB expectations. Performance lagged behind US markets.
Chinese Shares Increase 0.1%
Chinese stocks climbed 0.1% for the week amid mixed global cues. Gains were modest compared to Western counterparts.