Still positive signs for the labor market in US, which saw yet to score a slowdown in jobless claim. In the week to June 4, the "claims" showed a descent of 4,000 to 264,000, compared with 268,000 the previous week's revised (267,000 the first reading). Analyst estimates were for a climb up to 270 thousand units. With this it is 66 weeks of consecutive requests to below 300,000, the longest streak since 1973.
Bad month of May for Swiss who sees decrease the number of passengers and therefore the employment rate: the subsidiary airline Lufthansa carried 1.4 million travelers, 0.5% less than the same month of 2015. The employment rate of the aircraft fell to 80% (-2.7 percentage points) compared to the same period last year. The number of flights operated by Swiss has also declined by 0.9% to 12,800 units, the data published today by Lufthansa. For its part, the German airline carried 5.5 million passengers in May (-7%), with a load factor of 75.8% (-3.8 points).
According to the latest report, the US crude futures advanced for a third consecutive day on Wednesday, reaching new 2016 highs. The US benchmark posting a nearly 11-month closing record. On the New York Mercantile Exchange, West Texas Intermediate crude for July delivery added +0.62% and rose 87 cents, or 1.7%, to settle at $51.23—showing the highest close for a nearby contract since July 15. Meanwhile, August Brent crude, increased 0.42% the global oil benchmark, reaching $1.07, or 2.1%, to finish at $52.51 a barrel on London's ICE Futures exchange, its highest close since October. According to the analysts, futures were affected in a positive way boosted by reports of another attack on oil facilities in Nigeria. They were also buoyed by data from an industry trade group, the American Petroleum Institute, which on Tuesday said that US crude inventories had fallen by 3.6 million barrels. Also, crude found support from continued supply disruptions, as well as China import data and a decline in crude inventories.
Important convergences in the world of media and TLC: Vodafone New Zealand and Sky Network Television today announced the merger of the two groups by the value of 3.44 billion New Zealand dollars, amounting to over 2.1 billion euro. Sky will acquire Vodavone NZ, second group of telecommunications in the country, in part by buying shares and partly cash (1.25 billion New Zealand dollars). Sky then take control (51%) of the companies that merged. The merger combines the first brand of mobile phones with over 2.35 million customers and the leader of the tv for a fee, with 830 thousand subscribers
New collapse in April machinery orders in Japan, after the recovery of the previous month, confirming the difficult situation facing the Japanese economy. The total orders for the private sector in April recorded a fall of 20.2%, after + 2% previously. The indicator has been published by the Institute of Economic Research and the Japan Social (ESRI).
ECB President Mario Draghi, speaking at the Brussels Economic Forum, was very clear in the concept expressed: "In the countries of the euro area many structural reforms have been implemented in recent years, especially in those countries most affected by the crisis. The benefits are now visible . But there is still much to do. " Although there are "many political understandable reasons for delaying structural reforms" in the country, the cost of such delays "is simply too high," he added insisting on the importance of national policies of reforms to support the interventions of the ECB in supporting Eurozone economy.
Inflation slows sharply in China, registering the first failure in the last seven months, confirming that the deflation risk is also increased in the major Asian economy. The consumer price index increased by 2% trend in May, showing a sharp slowdown compared to the 2.3% recorded in April. Inflation is also revealed below the 2.2% consensus and remains a far cry from the growth rates that characterized the Chinese economy a few years ago, when economic growth was closer to that of a developing country .
Although high-speed Internet access is easy, the home telework is still the exception in Switzerland: in 2015 only 2.7% of the working population worked from home comfortably. Reading in a complete statistics, from 2001 to 2015 the number of "teleworkers" people has quadrupled, reaching a height of 120,000, as the Federal Statistical Office (FSO) indicates in his report "The home telework in Switzerland, 2001- 2015 ".
This morning the Swiss Consumer Price Index came out in line with the analysts’ expectations (0.1% vs 0.2% expected MoM and -0.4% vs -0.4% expected YoY). The figure is, in absolute value, very low and comparatively, it is located in the average of what we experienced since 2010. This does confirm what we explained with the Foreign Currency Reserves, which was the highest number ever for the SNB.
The Bilderberg Club which brings together the powerful of the earth, by the big economic and finance to policy, from industrial to the most influential personalities of the media world, will meet from June 9 to June 12 in Dresden, Germany, and will have at the center of discussions the possible exit of the UK from the EU, the so-called Brexit, and the secret and controversial transatlantic treaty of free trade between the EU and USA.
Jointly with renowned experts, SSF will debate key success factors for fruitful partnerships attract
Learn about the latest Cryto Currency and Blockchain investment opportunities, the features that set
At the upcoming conference you will get the opportunity to discuss Social Impact Bonds (SIB) and rel
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