Home  »  Stock Coverage   »  U.S. Jobless Claims Declined, Foreign Trade Defici...

U.S. Jobless Claims Declined, Foreign Trade Deficit Risen, Alibaba (BABA), Tencent (TME) Dropped For Blacklisting News

On Thursday, on the macro-economic front, the latest United States figures have been mixed, reinforcing investor hopes for new fiscal stimulus initiatives.

Registrations for unemployment declined marginally to 787,000 last week, down 3,000 from the previous week, versus a consensus of 800,000. In addition, a rise in unemployment in December to 77,030 from 64,797 a month earlier was recorded in the new Challenger survey. The complete U.S. jobs figures for December will be released on Friday.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored

At 57.2 in December, the ISM services index came out higher than expected, compared with 54.6 in the market consensus and 55.9 in November.

In the tumultuous political climate in Washington, The Fed Minutes, published Wednesday, went almost unnoticed. The minutes of the last meeting of the Fed brought no big surprises. Overall, the participants retained their positions on the composition of the asset acquisitions made by the central bank. In the event of more rapid progress in growth and wages, others have increased the prospect of a further decline in purchases. Participants, though, were careful about economic expansion, which would clearly depend on the evolution of the health crisis.

Finally, in November, the imbalance in the United States’ foreign trade in goods and services stood at $68.1 billion, up from a consensus of $66.8 billion and $63.1 billion in October.

Alibaba Group Holding Limited (BABA) decreased to $226.9 seeing a decline of -0.31 percent while Tencent Music Entertainment Company (TME) shares dropped by -1.67% to close the Thursday trading at $20.6. A Trump executive order bans Alipay, CamScanner, QQ Wallet, SHAREit, Tencent QQ, VMate, WeChat Pay, and WPS Workplace transfers from Americans via Chinese applications. In 45 days, the measure takes place. The Trump administration also plans to add Alibaba and Tencent to its blacklist of firms accused of ties to the Chinese army.

Most Popular

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Posts

Receive Best Stock To Trade Before The Opening Bell

 

 

100% Free. Stop Anytime. No Spam

111365

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.