30/01/2025
30 January، 2025
The European Central Bank decided in its meeting moments ago today, Thursday, January 30, to cut the three main interest rates by 25 points (deposits 2.75%, refinancing operations 2.90%, and lending 3.15%) as expected, in the fifth cut by the European Central Bank in the last six meetings since June. The bank's interest statement stated that the process of reducing...
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29 January، 2025
The Bank of Canada cut interest rates by 25 basis points to 3% at its meeting moments ago, its sixth consecutive cut, and announced the end of the quantitative tightening program, the resumption of asset purchases in early March, and its plan to complete the normalization of its balance sheet. The bank's interest rate report stated that the expectations contained...
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29 January، 2025
The figures released this morning, Wednesday, January 29, in the Asian session from the Australian Institute of Statistics (ABS) showed that consumer price inflation rose by 2.5% in December on an annual basis compared to 2.3% in November, matching expectations, while it stabilized on a monthly basis at 0.2%, the same reading as February, while expectations indicated an increase to...
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28 January، 2025
New orders for durable goods fell $6.3 billion, or 2.2%, to $276.1 billion in December, according to a report from the U.S. Census Bureau released moments ago, missing market expectations for a 0.2% gain. Core orders excluding transportation rose 0.3% after falling 0.2% in November (expected 0.4%). New orders excluding defense rose 2.4%, while transportation equipment orders fell 7.4%.
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27 January، 2025
The three main US stock indices recorded declines at the beginning of trading in the opening session of the week today, Monday, January 27, as the Nasdaq index led the losses with declines of more than 2.3%, coinciding with a strong wave of selling witnessed by the markets led by the technology sector. The new artificial intelligence model developed by...
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27 January، 2025
The German IFO index, which measures confidence in Germany, rose to 85.1 in January compared to 84.7 in December, while expectations had indicated an increase to 84.9, reflecting a higher assessment of the current situation compared to pessimistic expectations for future expectations. In detail, the current situation index rose to 86.1 compared to 85.1 in December, while the expectations index...
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24 January، 2025
The Bank of Japan decided in its meeting that ended this morning, Friday, December 24, to change its monetary policy as expected, as the bank’s members voted by a majority of 8-1 to raise interest rates by 25 basis points to reach 0.50%, the highest levels since the global financial crisis in October 2008, while member Toyoaki Nakamura preferred...
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23 January، 2025
Canada's retail sales were relatively flat at 0.0% in November, Statistics Canada reported moments ago, to $67.6 billion after growing by about 0.6% in October, missing expectations for a 0.2% increase. Sales at food and beverage retailers led the subsector, with a 1.6% decline, while sales at auto and parts dealers rose by 2%. Sales at gas stations and fuel...
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22 January، 2025
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...
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21 January، 2025
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...
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