Tag Archives: unemployment data

oil barrels

WTI Climbs Near Six-Week High

After the slump seen in October that kept crude down all through last month as well, demand is once again up in the world’s largest oil consumers giving a boost to West Texas Intermediate that brought it to its highest price in six weeks as Chinese imports rebounded and U.S. unemployment figures fell.

The commodity’s six-day advance was capped on 6th December and numbers remained relatively unchanged since then. The General Administration of Customs’ data showed that China’s net oil imports increased 19 percent to 5.73 million barrels per day, driving consumption out of its lowest levels in 14 months.

In the U.S., data released by the Labor Department on Friday showed that the unemployment rate fell to 7 percent, the lowest level in five years.

WTI to be delivered in January came in at $97.78 a barrel, an increase of 13 cents. The contract climbed 27 cents to $97.65 on 6th December the highest close since 29th October.

Not a Banc De Binary trader?

Sign In
Unemployment

Index Bull Rallies On With Job Market’s Slow Recovery

Over the last five years the job market has been on its slowest recovery in decades, but it has kept share prices into an extended bull run with $14 trillion having been restored to the market.

Big companies’ reluctance to hire new staff is expected to propel the Standard and Poor’s 500 Index into its highest profits margins ever next year, surpassing the 10 percent mark. Investors, moreover, do not expect to see the market bull slow down its pace any time soon after Fed Chairman nominee Janet Yellen identified the staggering employment market as the greatest hindrance to reducing bond purchase.

Even as American employees have been battling with salary cuts and job losses ever since recession hit in 2008, the last 57 months have recorded phenomenal performances for investors who have benefited by companies’ reductions in expenses and record-low borrowing costs that have pushed the S&P 500 into a 167 percent climb. The great market bulls, moreover, foresee that for as long as the Fed keeps its focus on unemployment rather than inflation equities will keep advancing.

With worker compensation on the slide as companies and the ratio of U.S. salaries to earning having fallen to 3.2, its slowest since 1996, S&P 500 companies have seen their profitability rise increasing the profitability of each dollar of sale to a remarkable 9.9 cents this year.

Not a Banc De Binary trader?

Sign In