Gas Price Movement- December 12, 2019
December 12, 2019 Brent Oil Brent oil prices increased by 1.45% or US$0.92, as prices increased this week relative to the prior week. Oil traded on December 12, 2019 at a price of US$64.31 per barrel relative to US$63.39 on December 05, 2019. Brent oil began the year at US$55.95 per barrel. Petrojam prices 87 Octane prices increased this week by 0.07% (JMD$0.09). Additionally, 90 Octane increased by 0.07% or (JMD$0.09) this week. 87 Octane and 90 Octane opened the year at J$116.75 and J$119.59 respectively and now trades at J$126.87 and J$129.71 per litre respectively. Figure 1: Petrojam,
Special Advisory: Sagicor Group Jamaica Limited (SJ)
Date: December 11, 2019 Sagicor Group Jamaica Limited (SJ) has advised that three Executives sold a total of 46,139 SJ shares during the period December 4 to 9, 2019. SJ has also advised that Sagicor Financial Corporation Limited (SFCL) and Alignvest Acquisition II Corporation (AQY) have completed the business combination transaction involving the transfer of all issued and outstanding shares in SFCL to AQY in exchange for shareholders of SFCL receiving cash or shares of AQY. The resulting entity is named Sagicor Financial Company Limited. For further details, please visit the JSE’s website, www.jamstockex.com Analyst Certification -The views expressed in
FOMC maintains target range for federal funds rate at 1.50%-1.75%
Date: December 11, 2019 Based on the latest information received by the Federal Open Market Committee (FOMC) since October, the FOMC has noticed the labour market remained strong, whilst economic activity has been rising at a solid rate. According to the FOMC, “on average, in recent months, job gains have been strong and the unemployment rate has remained low.” Household spending has continued to grow strongly, however business fixed investment and exports has moderated from its rapid pace earlier in the year. The statement indicated that, “On a 12-month basis, overall inflation and inflation for items other than food and