Data released earlier today from the Canadian economy shows the addition of approximately 45,000 jobs in November, marking the third consecutive monthly increase after the addition of 66,000 jobs in October. This figure defied expectations, which had predicted a decline of around 1,500 jobs, driven by a strong increase in part-time employment opportunities. Meanwhile, the unemployment rate fell to 6.5%...
Gold traded lower for the third consecutive session in midday European trading on Thursday, December 4th, falling below $4,200 an ounce. The US dollar index remained stable as markets awaited the Federal Reserve meeting next week. Central banks increased their purchases of the precious metal, which was down approximately 0.41% at $4,188 an ounce. Silver traded at $57.33 an ounce,...
The US private sector lost approximately 32,000 jobs in November, according to figures released moments ago by ADP. This followed a gain of around 47,000 jobs in October, falling short of expectations of a 5,000 increase. Specifically, the construction sector lost about 9,000 jobs, while the manufacturing sector lost 18,000. The professional and business services sector suffered the largest job...
Crude oil prices rose by more than 1% at the start of European trading on Wednesday, December 3, as expectations faded for a peace agreement between Russia and Ukraine. This supports the continuation of sanctions on Russian crude, amid anticipation of official inventory figures from the US Energy Information Administration later in the day. US crude (WTI) rose by about...
The Australian economy grew by 2.1% year-on-year in the third quarter ending in September, according to figures released Wednesday morning, December 3rd, by the Australian Bureau of Statistics (ABS). This marks the fastest growth rate since the third quarter of 2023, falling short of expectations of 2.2%. Quarterly growth in the third quarter was 0.4%, compared to 0.7% in the...
Eurostat, the European Union's statistical office, released its preliminary estimate for November, showing that annual inflation in the Eurozone rose to 2.2% in November, up from 2.1% in October and exceeding market expectations. The services sector contributed the most to inflation in November, rising to 3.5% from 3.4% in October. The food, alcoholic beverages, and tobacco sector remained unchanged at...
Cryptocurrencies resumed their decline in mid-session trading on Monday, December 1st, after last week's gains. A clear decrease in risk appetite and a reluctance to invest in risky assets triggered a new wave of selling. The combined market capitalization of cryptocurrencies, which includes more than 17,000 cryptocurrencies, fell by approximately 4.9% on Monday, according to CoinGlass. The market capitalization traded...
Crude oil prices rose at the start of trading on Monday, December 1st, the first session of the week, after OPEC+ reaffirmed its commitment to suspend production increases in the first quarter of next year at its meeting on Sunday. This supported crude markets as concerns about oversupply eased, while supply concerns increased due to escalating tensions between the United...
New orders for durable goods rose in September, according to the US Census Bureau report released moments ago. The increase was $1.5 billion, or 0.5%, reaching $313.7 billion, compared to a 2.9% rise in August. This figure matched market expectations. Meanwhile, core orders, excluding transportation, rose 0.6% in July, compared to a 0.3% increase in August (expectations were for 0.2%)....
The RBNZ Monetary Policy Committee voted 5-1 to cut the official cash rate (OCR) by 25 basis points to 2.25% at its meeting on Wednesday morning, November 26, as expected. This marks the third consecutive rate cut, following a 50 basis point reduction at the October meeting. The bank's statement indicated that annual consumer price inflation rose to 3% in...