InfoQuest News Agency (06 May 2024)
Dow Jones index futures rose more than 100 points as investors were optimistic that the Federal Reserve (Fed) would cut interest rates. after the US released weaker than expected employment data
As of 6:02 pm Thai time, the Dow Jones Futures Index rose 122 points, or 0.31%, to 38,954 points.
The US Labor Department said on Friday (May 3) that non-farm payrolls added just 175,000 jobs in April. This was below analysts’ expectations of 238,000 jobs The unemployment rate rose to 3.9%, which is higher than analysts’ expectations of 3.8%.
Lower-than-expected employment data prompted investors to upgrade their outlook. The Fed will start cutting interest rates for the first time in September.
Investors will also watch statements from Richmond Fed President Thomas Barkin and New York Fed President John Williams. to capture additional signals about the direction of Fed interest rates.
By Priyaphan Meesuk
#Dow #Jones #futures #rose #points #Fed #cut #hopes #weak #employment #data
Comments
Trending
Since September, Dam Retention Strengthened With Additional Imports…
In response to oral questions relating to “the acceleration of projects planned for the supply of drinking water”, the minister indicated that the recent rainfall recorded in several regions of the Kingdom made it possible to reduce the water deficit from 70% to 57 % compared to normal years and 37% compared to last year, noting however that the filling rate of dams is 23.2% compared to the 31.7% recorded last year.
He noted, in this sense, that the rate of water imports reached 3.7 billion cubic meters, compared to 5 billion cubic meters recorded last year, recalling in this regard the working session chaired last week by His Majesty King Mohammed VI, at the end of which “a new road map and an urgent program have been put in place to address these issues”.
In this register, Mr. Baraka noted the start of the operation of numerous new dams in the regions of Tiddas, Toudgha, Fask, Agdez and Zagora, noting the commissioning during the year of the Ghriss, Amdaz dams , Koudyat El Berna in Sidi Kacem, and the acceleration of the construction of 13 other dams currently under construction.
Regarding the exploitation of water from dams,
Energy Stocks Surge As Oil Prices Climb Amid…
Energy Stocks on the Rise as Oil Prices Inch Higher
The global energy sector got a much-needed shot in the arm as oil prices edged higher. As geopolitical tensions heat up, and tight supply concerns persist, investors are once again turning to energy-related stocks.
Crude Futures Edge Upward
In response to renewed geopolitical concerns, crude futures edged slightly upward. Saudi Aramco’s decision to up its prices for Asian customers further signaled a potential supply shortage – sending Brent, the international benchmark price (BZ=F), trading above $83 per barrel. Similarly, West Texas Intermediate (CL=F) rose above $78 per barrel.
A Dimmed Ceasefire Prospect Brings Cause for Concern
The potential ceasefire between Hamas and Israel led to more than 6% plunge in oil last week. However, by Monday morning those prospects were significantly diminished — casting doubts on where things may go next. “I believe we have seen some major liquidation in the crude space from hedge funds,” notes Dennis Kissler of BOK Financial – adding “renewed Geopolitical fears” could see more buying power sitting on the sidelines.
New Solutions Needed?
With demand for oil rising alongside an over-reliance on fossil fuels which are non-renewable sources of energy possessing harmful environmental consequences like global warming or climate change — many experts believe that new solutions need to be implemented to address present-day challenges efficiently without exacerbating existing problems.
Patras: Shop Opening Hours Today Good Friday And…
Peloponnese Newsroom
Today is Good Friday stores will open on 13:00, after demobilization and will close at 19:00.
The Great Saturdayshops will open at 09:00 and close at 15:00.
Her Easter Sunday, on Monday the shops will be closed. The same applies to Tuesdayshops will not open because the May Day holiday has been moved.
The opening hours of the Trade Association of Patras
The Patras Chamber of Commerce announced
The holiday opening hours for shops, as announced by the Patras Chamber of Commerce:
- Great Thursday 02/05/2024: 09.00 – 21.00
- Good Friday 03/05/2024: 13.00 – 19.00
- Great Saturday 04/05/2024: 09.00 – 15.00
- Easter Sunday 05/05/2024: Holiday
- Monday 06/05/2024: Holiday
- Tuesday 07/05/2024: Holiday (due to the transfer of the May Day holiday).
Read also
Easter 2024: Output in the red, 4-5% increase from 2023, continuing today
Olympiacos humiliated Aston Villa and is approaching the final
Tragedy in Voula: Double pedestrian run over, search for the first motorcycle driver who abandoned it
Instant update with all the news now and via WhatsApp – See here
#Patras #Shop #opening #hours #today #Good #Friday #Holy #Saturday
Related posts: »Read More
RELATIONS WITH DONORS
On the right track. This is the little that can be said about the negotiations of the Malagasy authorities with the International Monetary Fund, IMF. Optimism shared yesterday evening at the meeting room of the Ministry of Economy and Finance in Antaninarenina.
Not very talkative about the content of the discussions, Frédéric Lambert, head of mission of the IMF, nevertheless revealed a calendar deadline. “We hope to reach an Agreement by the end of June.”
But what Agreement is this? Rindra Hasimbelo Rabarinirinarison, Minister of Economy and Finance, provides clear and unequivocal details. “The government has chosen to abandon the Extended Credit Facility, ECF, in its current configuration. To renegotiate another with four pillars. Fiscal anchoring and public finances, good governance, the monetary pillar and inclusive growth for human development and human capital. Madagascar aspires to obtain the Resilience and Sustainability Facility, FRD, more conducive to our financial needs because it is aimed at countries most vulnerable to the effects of climate change and facing environmental challenges. However, to hope to have access to the FRD, the requesting country must, among other conditions, be under a sub-program with the IMF for at least 18 months. While the current FEC ends in July.”
She hopes to have it both ways.
Varvaresos Factory / Lockout In The Historical Textile…
The Varvaresos Spinning factory in Naoussa locked down, with around 130 workers suddenly on the street – SYRIZA Intervention
One more factory at Northern Greececomes to be added to the long list of padlock who entered from the beginning of the year, as the “Barvaresos” textile industry based in Naoussa rolls down, with the approx 130 employees to be in road.
On the initiative of NE SYRIZA-PS Imathia and the Departments of Labor and Social Security George GavrilouFinance Nikos Pappa and Welfare and Social Cohesion Katerina Notopouloufiled Question which asks for answers about the failure responsibilities rescue of the Varvaresos textile industry as well as solutions for it future of workers who from one day to the next are now faced with unemployment.
As they emphasize, “in absolute fiasco were finally driven the alleged attempts by the government for the rescue of the textile industry “Barvaresos SA”, in Naoussa Imathia. Already from 2019with their statements by the Ministers of Development, the Prime Minister Mr. Mitsotakis and also the local MPs expressed their support and their optimism that the business will have a productive future.
But just yesterday, Holy Mondaythe company announced the closure after the failure of negotiations with its new investors,
They Give Away Apartments For Life Annuities. They…
#give #apartments #life #annuities #resort
This is a dangerous and unfortunately increasingly common practice: retirees decide to transfer their apartments to mortgage funds in exchange for the so-called life annuity. The conditions offered to them often cause even greater problems.
- The latest report of the Association of Financial Companies (ZPF) quoted by TOK FM shows that the average age of mortgage fund clients is 76 years.
- In turn, data from the Ministry of Justice show that last year a total of almost 17,000 contracts were concluded in Poland. “lifetime benefits”, and the contracts were often constructed unfavorably for retirees
- Mrs. Janina from Krakow almost became a victim of such an action, as she found herself in a difficult situation after the death of her husband and son.
- You can find more such stories on the Onet home page
Low pensions and rising costs of living are problems that many retirees in Poland have to face. Some of them have much less than PLN 1,000 to spend on life and medicines. PLN per month. For this reason, they reach for every possible lifeline. One of them are “life benefits”,
The Bni Mellal-Khnifra CRT Wants To Develop Ecological…
Younes Iraq President of the CRT Beni Mellal Khenifra
The natural site of Ouzoud has just hosted the first edition of the outdoor tourism fair in partnership with the ONMT and organized by the Beni Mellal Khenifra Regional Tourism Council (CRT BK) chaired by Mr. Younes Laraqui.
This show, the very first of its kind organized in Morocco, is part of the directives of the new tourism roadmap around the Nature, Trekking and Hiking sector, defining mountain tourism and outdoor activities as an axis of development. strategy for the region.
The Outdoor Tourism Market sees the participation of organizers of sports and outdoor activities such as hunting, kayaking, rafting, hiking, cycle tourism or even no-kill fishing (sustainable fishing) and fishing cooperatives. the region promoting local products.
“Among the visitors to the show, we include the main incoming travel agencies in Morocco as well as a delegation of European Tour Operators particularly interested in both the Beni Mellal Khenifra region and this tourist segment which is now experiencing success growing,” specifies Imane Echifa, Director of the region’s Regional Tourism Council.
”These actions, combined with the new air service to the town of Beni Mellal Khenifra,
Friedrich Merz Suddenly Lacks Offense
He was particularly combative with regard to the AfD. If there were any doubts about the stability of the firewall against right-wing extremists, then he dispelled them with a decisive attack against the AfD. He launched an attack against the right-wing radicals and the CDU party conference rewarded this determination with stormy applause. A little more offense wouldn’t have hurt either. It remains to be seen how far he can carry this spirit of optimism and new determination through the 2024 election year. The results of the elections in Europe and the three Eastern countries will also determine the CDU’s willingness to follow its leader.
Also read: Friedrich Merz is working on his sympathy problem
This article comes from the WiWo newsletter Daily Punch. The newsletter delivers the daily commentary from the WiWo editorial team to your inbox. Always to the point, always with punch. Also in Punch: an overview of the five most important topics of the day. You can subscribe to the newsletter here.