Data released moments ago by the U.S. Bureau of Labor Statistics shows that the Consumer Price Index (CPI), which measures inflation, rose by 0.2% after seasonal adjustments in the two months from September to November. The core CPI, which excludes food and energy prices, also rose by 0.2%. Meanwhile, the annual CPI for the past 12 months rose to 2.7%....
The European Central Bank (ECB) decided at its meeting earlier today, Thursday, December 18, to maintain its three main interest rates unchanged. The deposit rate remains at 2%, the main refinancing rate at 2.15%, and the lending facility rate at 2.40%. This marks the fourth consecutive meeting where the ECB has kept its rates steady, following seven consecutive rate cuts....
The Bank of England voted 5-4 to cut interest rates by 25 basis points to 3.75%, as expected, at its final meeting of the year earlier today, Thursday, December 18th. This follows the bank's decision to keep rates unchanged at the previous two meetings. Four members voted to maintain the current rate. The Bank's interest rate report stated that inflation...
Markets are awaiting the Bank of Japan's meeting on Friday morning, December 19th, with expectations rising that the central bank will raise interest rates by 25 basis points for the second time this year, following the January hike that brought rates to 0.75%, their highest level in 30 years. The Bank of Japan began raising its near-zero interest rate in...
Crude oil prices rose by more than 2% in midday trading on Wednesday, December 17, after four consecutive sessions of declines. Prices rebounded from their lowest levels since February 2021, reached on Tuesday, supported by escalating tensions between the United States and Venezuela. Official inventory figures are expected later today. US crude (WTI) is up approximately 2.48%, trading at $60.64...
The UK's Consumer Price Index (CPI), which measures inflation, rose to 3.2% year-on-year in November, according to data released by the Office for National Statistics (ONS) on Wednesday morning, December 17. This compares to a 3.6% increase in October and was below expectations of 3.5%, marking the lowest growth rate since March. On a monthly basis, the CPI rose by...
The US Bureau of Labor Statistics report released moments ago shows the US economy added 64,000 jobs in the delayed November reading, which was postponed due to the government shutdown. This compares to a loss of 105,000 jobs in October, exceeding market expectations of 50,000 new jobs. Meanwhile, the unemployment rate rose slightly in November, by 0.02 percentage points, to...
Data released moments ago by the US Census Bureau showed that US retail sales in November were flat, falling short of market expectations. Sales reached $732.6 billion, slightly below October's reading (predictions were 0.1%), but up 3.4% year-over-year compared to November 2024. Core sales, excluding autos, rose 0.4% in November, compared to a 0.3% increase in October. Non-store sales jumped...
Data released at the start of the European session on Tuesday, November 16, showed a decline in most services and manufacturing PMIs in the Eurozone, while the UK's figures improved in the preliminary reading for December. The Eurozone services PMI fell to a three-month low of 52.6 in December, compared to 53.6 in November (forecast 53.3), while the manufacturing PMI...
The Consumer Price Index (CPI) in Canada rose by approximately 2.2% year-on-year in November, according to figures released moments ago. This matched the increase recorded in October, while the core CPI, which excludes gasoline prices, rose to 2.6% year-on-year for the third consecutive month. On a monthly basis, the index rose by 0.1% in November, following a 0.2% increase in...