Date: October 18, 2018 Consumer Price Index -September 2018 The consumer price index for the month of September 2018 increased 1.1%, following the 0.9% increase in August 2018, according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month of September advanced to 255.6, relative to the 252.8 reported for August
Date: October 18, 2018 United States: Treasury Yields Seen Capped at 3.5% as Stocks Drop, Newton Says Treasury yields are unlikely to rise much further as higher Federal Reserve interest rates weigh on the U.S. economy and push down stock prices, according to Newton Investment Management. Benchmark 10-year yields may still climb for a while
Date: October 17, 2018 United States: Trump’s First Annual Budget Deficit Rises to a Six-Year High The U.S. budget deficit grew to $779 billion in Donald Trump’s first full fiscal year as president, the highest since 2012 amid tax cuts and spending increases. The budget gap for the 12 months through September was 17 percent wider
Date: October 16, 2018 United States: Trump’s First Annual Budget Deficit Rises to a Six-Year High The U.S. budget deficit grew to $779 billion in Donald Trump’s first full fiscal year as president, the highest since 2012 amid tax cuts and spending increases. The budget gap for the 12 months through September was 17 percent
Date: October 12, 2018 Caribbean Cream Ltd. (KREMI) for six months ended August 31, 2018 reported a 19% increase in revenue totalling $799.51 million compared to $673.26 million in the corresponding period last year. Revenue for the second quarter rose 9% to close at $387.76 million compared to $354.17 million for the comparable quarter of
Date: October 12, 2018 United States: Stocks Gain With Earnings in Focus; Dollar Steady: Markets Wrap Stocks staged a broad recovery on Friday as earnings reports from some of America’s biggest banks gave investors something to cheer about at the end of a tumultuous week. The dollar and Treasuries were steady. U.S. equity-index futures jumped
Date: October 11, 2018 Ciboney Group Limited (CBNY) for the quarter ended August 31, 2018 reported Financial Income increasing by 45% to total $16,000 from $11,000 in August 31, 2017. Group Operating Expenses totalled $1.12 million as at August 31, 2018 relative to $1.06 million for the corresponding period in 2017 a 45% increase. The
Date: October 11, 2018 United States: U.S. Core Inflation Trails Estimates as Used-Car Prices Tumble A gauge of underlying U.S. inflation was below estimates in September as used-vehicle costs fell and housing rents cooled, signaling that price gains may remain close to where Federal Reserve policy makers want them amid an outlook for continued gradual
Date: October 10, 2018 United States: Powell Places Risky Bet as He Stokes Too-Good-to-Be-True Economy Federal Reserve Chairman Jerome Powell is pinning his hopes of stopping the U.S. economy from overheating on a variable that a former colleague called “the most significant unobservable of all:” inflation expectations. In recent public appearances, Powell has argued that
Date: October 9, 2018 United States: Stocks Retreat as Treasury Yield Hits 7-Year High: Markets Wrap All eyes were on benchmark Treasuries on Tuesday as trading reopened in the wake of last week’s selloff and following a holiday on Monday. The 10-year yield crept up to a fresh seven-year high, while U.S. equity futures slid
