This week the first revision of the economic situation in the United States is expected after the holidays. Today, January 2, more than 3,600 flights have been canceled worldwide, more than half of them in the United States, which adds to the number of travel interruptions during the holiday week due to adverse weather and the increase of cases caused
China Evergrande Group is the world’s most indebted real estate developer, with more than $ 300 billion in liabilities. It announced that it made initial progress in resuming construction works and its president promised to deliver 39,000 units of properties in December, compared with fewer than 10,000 in each of the previous three months. It is struggling to repay bondholders,
The Omicron variant gains momentum in Europe and the United States, scientists are rewriting their expectations for the pandemic next year. The United Kingdom took an unexpected initiative against the forecasts by raising its interest rates to 0.25% on Thursday, December 16. It is the second country after New Zealand to increase bank interest rates in the middle of the
This Thursday, 12/16, important decisions are expected from governors of the European Central Bank who could delay part of a decision on the ECB’s stimulus plans, since the perspective has changed due to a new variant of the coronavirus and the growing pressures on the prices. The ECB’s Governing Council will meet on December 16 to decide whether to end
The United States closes its year with unemployment of 4.2% from 6.7% in January 2021. The final production of the services sector closes this 2021 with 69.1% increasing from 57.2%. Both data gave a weekly close with a strong dollar only at the USDCAD cross. The rest of the fx crosses were kept out of the dollar as a safe
The SARS-CoV-2 Virus Evolution Technical Advisory Group (VE-GAD) is an independent group of experts that periodically monitors and evaluates the evolution of SARS-CoV-2 and assesses whether mutations and combinations of mutations alter the virus behavior. The VE-TAG was convened on November 26, 2021 although the first known confirmed infection for B.1.1.529 (Omicron) was from a sample collected on November 9.
German politicians are debating mandatory COVID-19 vaccines for citizens in light of rising infections and low inoculation rates. Members of Angela Merkel’s conservative bloc said Sunday that federal governments and should introduce mandatory vaccines soon, as well as other efforts to boost Germany’s low inoculation rate of just 68% have failed. “We have reached a point where we must clearly
This Wednesday the Statistics Canada office will publish the Consumer Price Index data for the month of October. The data that will be published, happens after the annual inflation of September had reached 4.4%, marking a maximum in almost two decades. This fact raises expectations in the market about a possible rate hike at the end of the first quarter
The Chinese economy begins to be questioned. Its impact on global growth that it has helped fuel for more than 20 years is now hampered by electricity shortages and a major real estate crisis. The difficulties of the real estate sector in China triggered by the problems of the giant Evergrande could pose risks to the world economy and affect
Crude prices this week were affected by market volatilities and due to the period of crisis that the sector is going through. In turn, OPEC cut its forecast for oil demand for 2021 due to high prices. Brent crude futures fell to $ 81.66. US West Texas Intermediate (WTI) futures fell to $ 80.84 after hitting a session low of
