The number of new jobless claims in the United States continued to fall to 498,000 last week, the lowest in nearly a year. The market originally expected it to be 540,000, a decrease of 92,000 from the previous value. During the period, the number of people applying for unemployment benefits increased by 37,000 to 3.69 million, higher than market expectations. It reflects that the universal vaccination of the Covid-19 vaccine has allowed more states to relax the blockade, and the Biden fiscal stimulus plan has further strengthened the recovery of the power market.
After the interest rate meeting, the Bank of England announced that it would maintain interest rates and the scale of bond purchases of GBP 895 billion. However, the current asset purchase rate of 4.4 billion pounds a week will be slowed to 3.4 billion pounds a week, and the economic growth forecast for this year will be raised from 5% to 7.25%, and the economic forecast for next year will be lowered from 7.25% to 5.75%. The central bank statement pointed out that with the acceleration of the vaccination plan and the relaxation of restrictions on the pandemic, it is expected to boost consumer spending. Therefore, it is expected that the economic recovery in the next few quarters will be greater than originally expected.
Service relating to Over-the-counter (OTC) Gold Bullion/Silver trading is provided by MOL. OTC Gold/Silver Bullion trading carries a high degree of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. OTC Gold/Silver Bullion is not regulated by the Securities and Futures Commission (""SFC"") and therefore trading OTC Gold/Silver Bullion will not be subject to rules or regulations promulgated by the SFC. Before deciding to trade OTC Gold/Silver Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain losses in excess of your deposited fund or even more in extreme circumstances and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading OTC Gold/Silver Bullion, and seek advice from an independent financial advisor if you require.
