Gold is trading down more than 1.5% in mid-European trading today, Monday, October 27, the opening session of the week. Profit-taking continues after hitting successive record highs recently, benefiting from rising optimism about an agreement between Washington and Beijing amid anticipation of the US Federal Reserve meeting next Wednesday. The yellow metal is trading down approximately 1.67% at $4,043 per...
Germany's Ifo confidence index, which measures confidence in the country, rose better than expected in October. The index, which is based on a survey of nearly 9,000 companies in Germany, rose to 88.4 points, compared to September's reading of 87.7 points, while expectations were at 88.1. In detail, the current situation index slowed to 85.3, compared to 85.7 in September,...
Data released just moments ago by the U.S. Bureau of Labor Statistics showed that the Consumer Price Index (CPI), a measure of inflation, rose 0.3% in September after rising by about 0.4% in August, falling short of expectations, which had indicated a flat reading. The core CPI, which excludes food and energy prices, rose 0.2% compared to 0.3% in August,...
Data released at the beginning of the European session today, Friday, October 24, showed improvements in most of the services and manufacturing Purchasing Managers' Indices (PMIs) in the Eurozone and the United Kingdom in October. The Eurozone Services PMI rose to a 14-month high of 52.6 in October, compared to 51.3 points in September (expected 51.2). Meanwhile, the Manufacturing PMI...
Data released by Statistics Canada just moments ago showed retail sales rose 1.0% in July to $70.4 billion, following a revised 0.7% decline in July, matching expectations, driven by increases in motor vehicle and parts sales. Core retail sales, excluding gas stations and motor vehicle and parts retailers, rose 1.1% in August after a 1.2% decline in July. The August...
Crude oil prices rose for the second consecutive session at the start of US trading today, Wednesday, October 22, after testing their lowest levels since May 5 at the beginning of the week. This was supported by declining inventories and optimism about some progress in the US trade agreement with China and India, following statements by the US President that...
The Consumer Price Index (CPI), the UK inflation gauge, remained unchanged in September, according to data released by the Office for National Statistics (ONS) this morning, Wednesday, October 22nd, at 3.8% year-on-year, unchanged from August's reading. This compares with expectations, including those of the Bank of England, for a 4% increase. On a monthly basis, the CPI registered no growth...
Canada's Consumer Price Index (CPI) grew by 2.4% year-on-year in September, according to figures released just a few moments ago, up from 1.9% in August. The core CPI, which excludes gasoline prices, rose 2.6% year-on-year, up from 2.4% in August. On a monthly basis, the CPI rose 0.1% in September after declining by 0.1% in August, confounding expectations. Gasoline prices...
The Japanese yen recorded declines of more than 100 points against the US dollar after the Japanese parliament elected former Economic Security Minister Sanae Takaichi as Japan's first female prime minister. She won 237 votes out of the 465 seats in the lower house of parliament. This comes after weeks of political controversy in Japan after the partner Komeito party...
Gold is trading higher in mid-European trading today, Monday, October 20, the opening session of the week, after recording losses of more than 1.7% at the end of last week's trading, coinciding with a wave of profit-taking. This marked the largest daily loss since May, following successive record levels reached by the yellow metal after testing $4,375 per ounce. The...