Macro Economic Events Archives

6 minute read

Reported June 8 2023, ‘Saudi Crown Prince Threatened ‘Major’ Economic Pain On U.S. Amid Oil Feud’ – Washington Post

Today, 10:17 AM

https://www.washingtonpost.com/national-security/2023/06/08/saudi-arabia-cut-oil-production/ After President Biden vowed to impose ‘consequences’ on Saudi Arabia for slashing oil production last year,

SPY

2 minute read

Economists Speak In Chorus: Fed’s 15-Month Hiking Cycle Set to End in June; Markets At Risk If The Call Is Incorrect

By Piero Cingari

Today, 10:17 AM

The majority of economists polled by Bloomberg predict the Federal Reserve will end its 15-month streak of interest…

KRE

1 minute read

Why Are Precious Metals Miners Rallying? 5 Mining Stocks To Watch

By Piero Cingari

Today, 9:07 AM

Shares of precious metals miners rallied on Thursday, with the VanEck Gold Miners ETF (NYSE:GDX) tracking the industry posting…

BVN

3 minute read

‘UK Set To Introduce Floor For Oil And Gas Windfall Tax’ – Financial Times

By Happy Mohamed

Yesterday, 4:36 PM

https://www.ft.com/content/f69e5069-1a00-42c1-8219-84ccd5cbbfd9#myft:my-news:page Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach

EWU

2 minute read

Higher-than-Expected Increase In Unemployment Claims Raises Alarm For Job Market

By Piero Cingari

Yesterday, 8:50 AM

The most recent report from the Department of Labor revealed a larger-than-anticipated uptick in unemployment claims for the…

GLD

2 minute read

Global Economy Balances On Recovery Tightrope, Outlook Report Shows: ‘This Is Hard’

By Piero Cingari

June 7, 12:02 PM

The global economy, as depicted in the June 2023's OECD Economic Outlook, is exhibiting signs of improvement — albeit with a fragile upturn and substantial downside risks.

SPY

2 minute read

Rising Above Recession: Goldman Sachs Anticipates July Rate Hike, Risk Assets Poised To Scale Wall Of Worry

By Piero Cingari

June 6, 8:55 AM

Goldman Sachs (NYSE: GS) has revised its estimate about the U.S.

2 minute read

A Bolt From The Blue: Treasury Yields Go Haywire; Fitch Retains Negative Watch Despite US Debt Ceiling Resolution

By Piero Cingari

June 2, 3:24 PM

Despite the resolution of the debt ceiling standoff allowing the U.S. government to meet its obligations, Fitch Ratings has chosen to maintain its "Rating Watch Negative" stance on the U.S.

GOVT

2 minute read

Hot & Cold: Who’s Hiring The Most/Least Right Now – What Was Their Market Performance?

By Piero Cingari

June 2, 11:10 AM

The latest U.S. labor market report showed a remarkable rise in nonfarm payrolls in May, with a surprising gain of 339,000, marking the strongest pace of employment growth since January 2023.

FDN

2 minute read

Which Stocks Are Responding To The Strong Jobs Report? 10 Top Movers

By AJ Fabino

June 2, 10:29 AM

The U.S. labor market is sizzling, surpassing all forecasts in May and posting its strongest performance in recent…

APLM