The Central Bank of England decided to vote on raising interest rates by 50 basis points at its first meeting in the year 2023 moments ago, to reach 4%, as is expected to raise interest rates for the tenth time in a row, by a majority of 7 members to raise interest rates by 50 basis points, while two members...
View MoreEuropean Central Bank The European Central Bank will announce its monetary policy and interest rates in the European session today, Thursday, where it is estimated that interest rates will be raised by about 50 basis points, to reach 3%. Inflation rates in the eurozone decreased from their peak levels in October of last year at 10.6%, to record 10% and...
View MoreIn its first meeting in 2023, the US Federal Reserve decided to raise interest rates by 25 basis points, to reach 4.75%, as was expected in the market. The interest statement issued by the bank stated that inflation rates have declined to some extent, but are still high, and that the Fed is keen to return inflation levels towards the...
View MoreThe US private sector added about 106,000 jobs only in January, according to figures issued moments ago by the ADP, after adding about 253,000 jobs in December's revised reading, while expectations were for the addition of 176,000 jobs. In the details, the commodity production sector lost about 3,000 jobs, after the construction sector lost about 24,000 jobs, and the manufacturing...
View MoreDuring the American session today, Wednesday, February 1, the markets are looking forward to the meeting of the largest central bank in the world, the US Federal Bank, which meets for the first time this year to discuss developments in monetary policy and interest levels, as expectations indicate that the Fed will raise interest rates by 25 basis points to...
View MoreUS indices concluded the last session of January yesterday, Tuesday, with collective gains, led by the Nasdaq index, which rose by more than 1.6%, so that all US indices recorded gains in the month of January, as the Dow Jones and S&P 500 indices recorded their best monthly performance since January 2019, amid anticipation in the markets for announcements Profits...
View MoreDespite its decline in the closing session of January today, Tuesday, by more than 1%, and trading at levels of $1903 an ounce, the yellow metal is heading to record monthly gains exceeding 5% in January, in gains for the third month in a row, amid anticipation in the markets for the US Federal Reserve meeting tomorrow, Wednesday. Gold has...
View MoreFigures issued moments ago by the European Union’s statistical office, Eurostat, showed that the eurozone economy grew by 0.1% in the fourth and final quarter of last year 2022, compared to 0.3% in the third quarter, matching expectations, while it was stable in the European Union. On an annual basis, the economy of the eurozone grew by about 1.9%, compared...
View MoreThe Australian dollar leads the currency gains The US Federal Reserve, the European Central Bank and the Bank of England are the most important events of the week Keep an eye out for US labor market numbers Separate economic data After the meeting of the Central Bank of Canada and US growth and inflation numbers topped the events of last...
View MoreData released moments ago by the US Bureau of Economic Analysis showed an increase in US personal income by $49.5 billion in December, or 0.2%, while the PCE index, the favorite indicator for measuring inflation for the US Federal Reserve, stabilized at 0.1% on a monthly basis. On the other hand, the main index rose. Excluded from food and energy...
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