23/12/2024
19 December، 2024
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...
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18 December، 2024
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...
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17 December، 2024
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...
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16 December، 2024
Data released in the European period on Monday, the opening session of the week, showed variation in most of the services and manufacturing PMIs in the Eurozone and the UK in the preliminary reading for December, as the services index rose to its highest level in two months to 51.4 in December compared to 49.5 in November, while the manufacturing...
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13 December، 2024
The UK's gross domestic product (GDP) may have fallen by 0.1% in the month of October, the Office for National Statistics said on Tuesday, compared with expectations for a 0.1% growth, the second consecutive slowdown after a 0.1% decline in September. The 0.6% fall in output was the biggest drop in the growth component, driven by declines in manufacturing, mining...
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12 December، 2024
The European Central Bank decided in its meeting moments ago today, Thursday, December 12, to cut interest rates as expected by 25 basis points to reach 3.15% in the fourth cut this year after the start of the cut in June. The bank's interest statement stated that most key inflation measures indicate that inflation is on the right track and...
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11 December، 2024
Data released moments ago by the US Bureau of Labor Statistics showed that the Consumer Price Index (CPI), which measures inflation, rose by 3.0% in November after stabilizing at 0.2% in the last four months, matching expectations, while the core index, which excludes food and energy prices, stabilized at 0.3%. On the other hand, the annual index rose over the...
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10 December، 2024
The Reserve Bank of Australia's Board of Directors decided at its meeting this morning, Tuesday, December 10, to keep monetary policy and current interest rates at 4.35% unchanged as expected. The bank's statement issued for interest stated that inflation has declined significantly since its peak in 2022, but core inflation remains high at 3.5% and remains far from the midpoint...
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9 December، 2024
Data from the National Bureau of Statistics showed that the annual consumer price index, which measures inflation, rose to 0.2% in November from 0.3% in October, missing expectations of a 0.4% rise, its lowest reading in five months, while the index fell 0.6% on a monthly basis, compared to a 0.3% decline in October. In contrast, China's producer price index...
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6 December، 2024
The report issued by the US Bureau of Labor Statistics a few moments ago showed that 227,000 jobs were added in November compared to only 36,000 jobs in October, better than market expectations of 218,000 jobs. On the other hand, unemployment rates rose by about 0.1% to 4.2% compared to 4.1% in October, matching expectations, coinciding with an increase in...
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