Crude oil prices remained stable in midday trading on Monday, January 5th, the opening session of the week, as investors assessed the impact of geopolitical tensions stemming from the arrest of the Venezuelan president on oil supplies. OPEC+ reaffirmed its decision to suspend production increases in the first quarter of next year at its meeting held over the weekend on...
Gold is trading with gains exceeding 2% in the middle of the European session on Monday, January 5th, the opening session of the first week of the year. This comes amidst rising geopolitical tensions and increased demand for safe-haven assets, as investors await the US jobs report at the end of the week. Gold is trading at $4,428 per ounce,...
A report released moments ago by the Bureau of Economic Analysis shows that US GDP grew by 4.3% in the third quarter of this year, ending in September. This figure, initially delayed since October 30th due to the US government shutdown, is based on a preliminary estimate, compared to a 3.8% increase in the second quarter of last year. This...
Gold and silver are trading higher and have reached new record highs in the middle of the European session on Monday, December 22nd, the opening session of the penultimate week of 2025. This surge is driven by increased demand for safe-haven assets and a weakening US dollar. Gold is trading up approximately 1.73% at $4,412 per ounce, while silver is...
UK retail sales fell by 0.1% in November, following a revised 0.9% decline in October (originally a 1.1% drop). This was slightly below expectations of a 0.3% increase. However, sales in the three months to November rose by 0.6% compared to the three months to August. Specifically, retail sales outside of stores fell by 2.9% in November, with food sales...
At its meeting that concluded Friday morning, December 19, the Bank of Japan decided to change its monetary policy for the first time since January, as expected, raising interest rates by 25 basis points to 0.75%. The decision, a unanimous vote by members, brings the rate to its highest level in three decades. The bank's statement indicated that, given the...
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...