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...
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...
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...
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...
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...
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...
Trump's digital currency continues its steady rise since its launch on Friday to occupy the 12th place in terms of market value of cryptocurrencies, with an increase of 236% in the last 24 hours and 1007% since its launch on trading platforms and more than 5000% since its announcement on Friday to trade at levels of $71 this morning, Sunday,...
China's gross domestic product, the world's second-largest economy, grew by 5.4% in the fourth quarter of last year, according to data released Friday morning by the National Bureau of Statistics, compared to a growth of 4.6% in the third quarter and better than market expectations of 5.0%. This acceleration in growth, which was supported by recent stimulus measures in the...
Data released moments ago by the US Census Bureau showed that US retail sales rose to $729.2 billion, up 0.4from November’s revised reading of 0.8% from 0.7% (expected 0.6%), while they rose 3.9% on a straight basis. Core sales, excluding auto prices, grew 0.4% in December, compared to a growth of about 0.2% in November and below expectations of 0.5%...
Data released moments ago by the US Bureau of Labor Statistics showed that the Consumer Price Index (CPI), which measures inflation, rose by 0.4% in December after rising by about 0.3% in November, matching expectations, while the core index, which excludes food and energy prices, rose by 0.2% compared to 0.3% in November (expectations: 0.3). On the other hand, the...