US trade gap is wider than anticipated

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Source: Bloomberg
US trade deficit in March was larger than more than anticipated. It increased by around 14%, to USD 51.8b. Value of imports was slightly above USD 286b. Value of exports reached USD 186.8b.  It increased by USD 5.3b from February and was mainly driven by exports of fuel oil and chemicals. 
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Thu, 10 May 2012 15:48:12 GMT

Gold tumbled amid turmoil in the Euro Zone

Precious metals tumbled on Wednesday amid lingering concerns over political and economic crisis in the Euro Zone. Broadly stronger US Dollar also weighed on the commodity pack.Gold extended previous losses, falling by almost 1% during heavy trading on Wednesday. The Euro Zone's turmoil continued to increase safe-haven appeal of the US Dollar thus creating pressure on the yellow metal.Silver mostly

Thu, 10 May 2012 14:22:11 GMT

Jobless claims in US decreased last week

Last week jobless claims in US dropped by 1000 to 367 000. It is the lowest level in 5 weeks. In addition, the number of people on unemployment benefits was lowest since mid 2008. Specialists think that previous results from first 3 weeks of April were rather related to Easter holidays and didn't reflect the true situation in labor markets. 

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