Crude oil prices fell more than 2% in mid-European trading today, Tuesday, October 14, to their lowest levels in five months, following the International Energy Agency's report issued this morning and the escalation of trade tensions between Washington and Beijing. US crude (NYMEX) fell by approximately 2.27%, trading at $58.14 per barrel, its lowest level since May 8, while Brent...
The ZEW Business Sentiment Index in Germany rose slightly in October, adding two points to 39.3, compared to 37.3 in September. Expectations were for a rise of 41.2. The September reading came despite a continued deterioration in the assessment of the current economic situation in Germany, which fell to -80 from -76.4 in September. Experts are hopeful for an improvement...
Asian markets closed sharply lower at the end of trading on Tuesday, October 14, the opening session of Japanese markets after Monday's Sports Day holiday. The Nikkei index recorded its worst performance since April. Chinese indices also declined, with most falling by more than 1%, as market fears increased and risk appetite declined after the tariff issue between China and...
Cryptocurrencies are trading higher in mid-trading on Monday, October 13, following a sharp sell-off in cryptocurrency markets at the end of last week's trading. Most currencies fell by more than 10% following US President Donald Trump's announcement of additional tariffs on China, heightening uncertainty in the markets. Markets recovered early this week and largely recouped these losses, coinciding with a...
The yellow metal is trading more than 1% higher at the start of European trading today, Monday, October 13, the opening session of the week, hitting a new record high of $4,070 per ounce. This is supported by trade tensions with the return of tariffs and increased demand for safe havens, in addition to rising expectations of a US interest...
Data released recently from the Canadian economy showed employment rose by 60,000 jobs in September after a loss of nearly 65,000 in August, better than expectations of an increase of about 3,000 jobs. Meanwhile, the unemployment rate remained at August levels of 7.1%, compared to expectations of a 7.2% increase. Employment increased across several sectors, led by manufacturing, which added...
After three sessions of gains, crude oil prices stabilized with some declines in mid-European trading on Thursday, October 9, amid calmer geopolitical conditions after US President Donald Trump announced progress in negotiations between the Palestinian and Israeli sides to end the two-year-old war. High inventory figures also negatively impacted oil prices, with US crude (NYMEX) falling by about 0.37% to...
Asian markets closed with gains at the end of trading on Thursday, October 9, as Chinese markets rose to their highest levels since 2022 in the first trading session after eight days of celebrations marking the anniversary of the National Day and the founding of New China. Japanese indices also reached record highs, supported by the performance of the technology...
Gold is trading at a gain of more than 1% in mid-European trading today, Wednesday, October 8, recording a new record high of $4,040 per ounce, supported by rising expectations of a US interest rate cut and increased demand for safe havens amid the ongoing US government shutdown. Gold's gains exceed 54% since the beginning of the year, with the...
The Reserve Bank of New Zealand's (RBNZ) Monetary Policy Committee (MPC) voted to cut the official cash rate (OCR) by 50 basis points to 2.5% at its meeting this morning, Wednesday, October 8. Expectations were for a cut of only 25 basis points, marking the second consecutive meeting, after resuming the series of cuts that had been paused at the...