• MTS Economic News_20160331

    31 Mar 2016 | Economic News



 


The dollar hovered near seven-week lows versus the euro as cautious comments from Federal Reserve Chair Janet Yellen earlier in the week on monetary tightening continued to resonate. [FRX/]

In currencies, the euro was steady at $1.1335 EUR=, not far from Wednesday's seven-week peak of $1.1365. The dollar dipped 0.1 percent to 112.36 yen JPY=.




ADP says economy added roughly 200,000 private sector jobs in March Service providers continue to lead employment growth in the US Employment growth positive in the US amid Fed's concerns over wage growth.

British consumers remain their least confident in more than a year as they worry about the country's European Union referendum and the euro zone's unresolved economic problems, a survey showed on Thursday.

Market research firm GfK said its overall consumer sentiment indicator stood at zero in March, unchanged from February and its joint lowest level since December 2014.

Oil futures fell in early Asian trade on Thursday amid renewed worries of global oversupply after official data showed U.S. crude inventories rose last week to a record for the seventh time in a row.

That increase came despite seasonal refinery utilization hitting an 11-year high, while a fall in the dollar index gave some support for oil prices.

The front-month contract for U.S. crude futures dropped 29 cents to $38.03 a barrel by 0021 GMT, after settling up 4 cents in the previous session following a gain of 3 percent earlier in the session.

Brent crude futures fell 25 cents to $39.01 a barrel after ending the previous session up 12 cents, having retreating from a session peak of $40.61.

U.S. crude stocks rose by 2.3 million barrels to 534.8 million barrels in the week to March 25, data from the U.S. Energy Information Administration shows. [EIA/S]

But the increase was less than analysts' expectations of a 3.3 million barrel build.


Reference: Nasdaq, Reuters

Reference: Reuters, Kitco

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