Preliminary estimates from the UK Office for National Statistics showed that UK GDP fell by 0.1% month-on-month in January, compared to a 0.4% growth in December. This was below expectations of a 0.1% growth, primarily impacted by a decline in the manufacturing sector. This reading is expected to see the UK economy grow by 0.2% in the three months to...
. Yellow metal is trading higher for the third consecutive session in mid-European trading today, Thursday, March 13, supported by declines in the US dollar after lower-than-expected inflation on Wednesday, and indirect inflation figures, including the Producer Price Index (PPI), released just moments ago, in addition to the implementation of tariffs on steel and aluminum imports on Wednesday. Data released...
Data released just moments ago by the US Bureau of Labor Statistics showed that the Consumer Price Index (CPI), a measure of inflation, rose 0.2% in February after rising by approximately 0.5% in January, missing expectations of a 0.3% decline. The core CPI, which excludes food and energy prices, fell to 0.2% from 0.4% in January (expected 0.3%). Conversely, the...
The three main US stock indices recorded sharp declines in the opening session of the week yesterday, Monday, March 10, with rising fears of a US economic recession, with the Nasdaq index specializing in the technology sector leading the losses by losing more than 4% at the close, affected by declines in technology company stocks. US stocks were affected by...
China's annual consumer price index, a measure of inflation, fell below zero for the first time in more than a year to -0.7% in February, data from the National Bureau of Statistics showed earlier this week, compared with a 0.5% increase in January, missing expectations for a 0.4% decline. The core index, which excludes volatile food and energy prices, fell...
The report issued by the US Bureau of Labor Statistics a few moments ago showed that 151,000 jobs were added in February compared to 125,000 jobs added in January's revised reading, falling short of market expectations of 160,000 jobs added. On the other hand, unemployment rates rose by about 0.1% to 4.1%, while expectations indicated that they would stabilize at...
The European Central Bank decided in its meeting moments ago today, Thursday, March 6, to cut interest rates by 25 basis points as expected to reach 2.65%, while announcing that the process of reducing inflation is on the right track. The bank's interest statement stated that inflation continued to develop broadly as expected, and the latest forecasts are closely consistent...
The US private sector added about 77,000 jobs in February, according to figures released a few moments ago by ADP, at the lowest pace since July of last year after adding about 186,000 jobs in the January reading, while expectations indicated an addition of 141,000 jobs. In detail, the manufacturing sector added about 18,000 jobs, while the construction sector added...
Crude oil prices are trading on declines for the second consecutive session in the middle of today's trading session, Tuesday, March 4, at its lowest level since December of last year after OPEC decided to move forward with its plan to reduce production, in addition to the rise in tensions from the trade war and customs tariffs between the largest...
After strong declines recorded by gold at the end of last week's trading and testing the $2832 level, the lowest since the beginning of February, the yellow metal returned to regain a large part of what it lost last week since the beginning of the week with the rise in tensions related to customs tariffs, as the yellow metal is...