Figures released this morning, Wednesday, November 26, during the Asian session by the Australian Bureau of Statistics (ABS) showed that consumer price inflation rose to 3.8% in October on an annual basis, the highest level since April 2024. This compares to 3.6% in September and exceeded expectations of a 3.6% increase. The index remained unchanged compared to September's reading on...
Data released moments ago by the US Census Bureau showed that US retail sales rose in September at a slower pace than expected. Sales reached $733.3 billion, a 0.2% increase compared to 0.6% in August (expectations were for 0.4%), and a 4.3% increase year-over-year compared to September 2024. Core sales, excluding auto prices, rose 0.3% in September, compared to a...
Crude oil prices fell during midday trading in Europe on Tuesday, November 25, erasing gains from Monday's opening session, which saw a rise of over 2%. This decline came amid growing expectations that Moscow and Kyiv will reach an agreement to end the war, potentially supporting the continued flow of Russian oil, which is subject to some sanctions. Prices are...
Gold traded steadily in the middle of the European session on Monday, November 24th, the opening session of the week, as market expectations for an interest rate cut at the December meeting shifted following comments by John Williams at the end of last week. Markets are also awaiting some important economic data releases this week. Gold is trading at $4068...
The IFO index, which measures confidence in Germany, fell short of expectations in November. The index, based on a survey of nearly 9,000 German companies, dropped to 88.1 points, compared to October's reading of 88.4 points, while expectations had been for a rise to 88.6. Specifically, the current situation index rose to 85.6 from 85.3 in October, while the expectations...
Cryptocurrencies continued their decline for the third consecutive session on Friday, November 21st, amid ongoing sell-offs and a continued drop in market capitalization. This decline coincided with a decrease in risk appetite in global markets, from stocks to cryptocurrencies. The cryptocurrency fear and greed index rose to 11 points, its lowest reading since April. Global financial markets have been...
Data released at the start of the European session on Friday, November 21, showed mixed performance in most services and manufacturing PMIs for the Eurozone and the UK in the preliminary reading for November. The Eurozone services PMI improved to an 18-month high of 53.1 in November, compared to 53.0 in October (forecast 52.8). Conversely, the manufacturing PMI fell to...
UK retail sales fell for the first time since May, declining by 1.1% in October. This compares to a revised increase of approximately 0.7% in September (originally reported as 0.5%), while forecasts had predicted a decline of around 0.1%. However, sales in the three months to October rose by 1.1% compared to the three months to July, supported by clothing...
Major US stock indices opened higher on Thursday, November 20, after a series of declines since the start of the week. Nvidia's results eased pressure on the technology and artificial intelligence sector, which had been a major driver of recent market losses, in addition to reduced market expectations for an interest rate cut in December. All sectors of the S&P...
The US Bureau of Labor Statistics report released moments ago shows that the US economy added 119,000 jobs in September, a figure delayed due to the government shutdown. This compares to a revised figure of 22,000 jobs added in August (later revised upwards to a loss of 4,000), exceeding market expectations of 53,000 new jobs. Meanwhile, the unemployment rate rose...