Monthly Archives: March 2022
US ADP Nonfarm Data Points To Half-Point Rate Hike
Written on March 31, 2022 at 6:50 am, by lishitong
On Wednesday afternoon March 30 (GMT+3), the US ADP Nonfarm Employment Change data reported an increase in 455,000 jobs. This figure is slightyly more than the expected increase of 450,000, and down from the previous month’s value of 486,000. While higher than expected, March’s ADP Employment numbers are still the lowest seen since August 2021.Continue Reading
Crude Surges Amid Lower-than-expected EIA Inventories
Written on March 24, 2022 at 7:28 am, by lishitong
On Wednesday evening March 23 (GMT+3), the US Energy Information Administration (EIA) reported a decrease of 2.508 million barrels in its crude oil inventories for the week of 18 March. This is in contrast to the forecasted increase of 0.114m barrels, and the previous increase of 4.345M. Meanwhile, a disruption in the Caspian Pipeline ConsortiumContinue Reading
China Sees Worst Covid-19 Outbreak Since Pandemic Start
Written on March 21, 2022 at 2:34 am, by lishitong
28 of China’s 31 provinces have recently seen an outbreak of the highly-infectious Omicron variant of the coronavirus. With over 15,000 infected, this is the largest outbreak China has seen since the initial wave of the virus. The recent outbreak has hit major cities including Shanghai and Shenzhen. Dongguan city, the fifth-largest contributor to China’sContinue Reading
