The yellow metal is trading at its highest levels since late October of last year and is approaching a new record level in the middle of the European session today, Wednesday, January 22, rising by about 0.65% or $17 in a rise for the third consecutive session since the beginning of the week, benefiting from its status as one of...
The ZEW business sentiment index in Germany fell by 5.4 points in the January survey to 10.3, below expectations of 15.2. The deterioration in the index in January came despite the current economic situation assessment remaining unchanged, while the expectations index rose by 2.7 points to 90.4. In contrast, the index for the eurozone rose to 18.0 compared to 17.0...
Trump's digital currency continues its steady rise since its launch on Friday to occupy the 12th place in terms of market value of cryptocurrencies, with an increase of 236% in the last 24 hours and 1007% since its launch on trading platforms and more than 5000% since its announcement on Friday to trade at levels of $71 this morning, Sunday,...
China's gross domestic product, the world's second-largest economy, grew by 5.4% in the fourth quarter of last year, according to data released Friday morning by the National Bureau of Statistics, compared to a growth of 4.6% in the third quarter and better than market expectations of 5.0%. This acceleration in growth, which was supported by recent stimulus measures in the...
Data released moments ago by the US Census Bureau showed that US retail sales rose to $729.2 billion, up 0.4from November’s revised reading of 0.8% from 0.7% (expected 0.6%), while they rose 3.9% on a straight basis. Core sales, excluding auto prices, grew 0.4% in December, compared to a growth of about 0.2% in November and below expectations of 0.5%...
Data released moments ago by the US Bureau of Labor Statistics showed that the Consumer Price Index (CPI), which measures inflation, rose by 0.4% in December after rising by about 0.3% in November, matching expectations, while the core index, which excludes food and energy prices, rose by 0.2% compared to 0.3% in November (expectations: 0.3). On the other hand, the...
Crude prices recorded gains of more than 2% this morning, Monday, January 13, with the weekly opening, as prices continue to rise for the third consecutive session, with the continued impact of the United States targeting the Russian oil sector, and thus the direct impact on exports to India and China, as Brent crude traded above $81 for the first...
The Bank of England decided to keep interest rates unchanged at its meeting moments ago, settling at 4.75%, as expected, by a majority vote of 6-3, with three members favoring a 25 basis point rate cut. The bank's interest rate report said the bank needed to ensure that inflation rates were heading towards the 2% target after figures showed inflation...
The UK consumer price index (CPI), which measures inflation in the United Kingdom, rose to 2.6% year-on-year in November from 2.3% in October, in line with expectations, while the core CPI, which excludes food and energy prices, rose to 3.5% in November from 3.3%, missing expectations of 3.6%. On a monthly basis, the index rose by 0.1% in November, compared...
Data released moments ago by the US Census Bureau showed that US retail sales rose better than market expectations, with sales rising by about 0.7% to $724.6 billion compared to a 0.5% increase in the revised October reading, while expectations indicated a 0.6% increase and a 3.8% increase on an annual basis. In detail, sales of auto and spare parts...