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...
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...