US Dollar Weakens Due to Unexpected Rise in Unemployment Claims; Expected to Impact Interest Rates
US Dollar Steadies After Unexpected Surge in Unemployment Claims Following the surprising increase in the number of people claiming unemployment benefits in the United States, the US dollar index initially weakened during trading on Thursday. However, the index managed to recover its decline and held steady in late trading, indicating a level of resilience in […]
Mixed day for US stock indexes: Cisco and Walmart disappoint, interest optimism wanes
Stock Market Analysis US Stock Performance on Thursday (16th) On Thursday, major US stock indexes saw a mixed performance, largely influenced by the poor financial report from computer network equipment maker Cisco (CSCO-US), the pessimistic outlook of retail giant Walmart (WMT-US), and a decline in peak interest optimism. Cisco’s stock price plummeted by more than […]
Hiding re-employment and receiving unemployment benefits… 1.9 billion won illegal supply discovered
Ministry of Employment and Labor, Building 11, Sejong Government Complex, Sejong City. 2023.10.13[사진=유대길 기자 dbeorlf123@ajunews.com] 380 illegal recipients of unemployment benefits were caught who hid their re-employment or falsely reported unemployment. The Ministry of Employment and Labor announced on the 5th that it conducted a special inspection on illegal receipt of unemployment benefits from May […]
US Stock Market Opens Higher as Monetary Tightening Policy Anticipation Eases
The US Stock Market Rises as Optimism Grows The US stock market opened higher on Thursday (2nd) as investors eagerly anticipated the end of the US Federal Reserve’s (Fed) monetary tightening policy. In addition, a wave of positive corporate financial reports further boosted market sentiment. Meanwhile, US bond yields continued to fall. Leading the gains, […]
Dow Jones Falls Over 100 Points as Investors Await Powell’s Statement
Dow Jones Index Drops Amid Investor Concerns Ahead of Federal Reserve Chairman’s Statement The Dow Jones Index plummeted by over 100 points today as investors dumped risky assets just before Federal Reserve Chairman, Mr Jerome Powell, was set to make an important statement. Concerns Arise Over Lower-Than-Expected Unemployment Benefit Applications Adding to market jitters, investors […]
The United States Sees Low Number of New Unemployment Claims
Read Time: 11 seconds The Number of New Unemployment Claims in the United States Remains Low On September 28th, the US Department of Labor announced that the number of new jobless claims filed last week (September 17-23) was 204,000, which is an increase of 2,000 from the previous week. This slight increase still falls below […]
Dow Jones Falls as Investor Concerns Grow Over Fed’s Interest Rate Decision
The Dow Jones Drifts Lower as Concerns Mount Over US Federal Reserve’s Interest Rate Policy The Dow Jones Industrial Average experienced a decline of over 200 points today, driven by investor anxiety surrounding the US Federal Reserve (Fed) potentially maintaining higher interest rates for a longer duration than anticipated. The drop was triggered by the […]
Gold Prices Fall as Dollar Appreciates and US Bond Yields Rebound
Gold Futures Continue to Decline Amid Strong Dollar and Rebound in US Bond Yields Gold futures took another hit today, dropping below the $1,970 mark as the appreciation of the dollar and the rebound in US government bond yields impacted the precious metal. This decline was triggered by the US Labor Department’s announcement that the […]
Controversy Surrounds Korea’s Unemployment Benefits: Are They Too High?
Controversial Debate Erupts Over Korea’s Unemployment Benefits Chairman’s Remarks Spark Criticism The National Assembly witnessed intense debates today following the remarks made by People’s Power Policy Committee Chairman Park Dae-cheol. He argued that Korea’s unemployment benefits are excessively high and discourage individuals from seeking work. The opposition parties swiftly criticized these comments, accusing the government […]
World Markets: Summary of the stock market, oil, gold
Stock market indices and conditions, oil, gold and foreign exchange markets from 8 June 2023. – The New York Dow Jones Stock Exchange closed higher on Thursday (June 8) after the United States revealed a higher-than-expected number of applicants for unemployment benefits. This shows that the US labor market has started to cool. and may […]
