The yellow metal records strong gains exceeding 1%, with the opening of the European markets for the opening session of the year today, Tuesday, January 3, 2023, benefiting from the rising fears of global markets about the slowdown in the global economy in the current year, amid anticipation for the minutes of the US Federal Reserve meeting for the month...
View MoreThe Consumer Price Index (CPI) in Canada grew by about 6.8% in November on an annual basis, according to figures released moments ago, compared to 6.9% in the October reading, less than expectations that indicated a rise to 7.3%, while prices for the main index, excluding food and energy, rose to 5.4%, compared to 5. .3% in the October reading....
View MoreRetail sales in Canada increased by 1.4% in October, according to a report issued by Statistics Canada moments ago, recording its largest increase in five months, to reach $62.0 billion, after declining by about 0.6% in the revised September reading, while expectations had indicated that it would rise to 1.5%. The main index excluding gasoline prices and trade in cars...
View MoreThe Bank of Japan decided in its meeting that ended this morning, Tuesday, December 20, to adjust the yield ceiling for ten-year bonds in order to improve market performance, while it decided to keep negative interest rates unchanged by the unanimous vote of the bank members. The bank is buying exchange-traded funds (ETFs) for 12 trillion yen and Japanese real...
View MoreThe Ifo index measuring confidence in Germany rose to 88.6 in December, compared to 86.4 in November's revised reading, while it had been expected to rise to 87.6, reflecting some slight improvement in inflation in the eurozone. In details, the current situation index improved to 94.4 compared to 93.5 in November, while the expectations index rose to 83.2 from 82.0....
View MoreThe European Central Bank decided in its meeting today, Thursday, December 15, to raise interest rates by 50 basis points, as expected, to reach 2.5%. And the interest statement issued by the bank stated that the board intends to continue raising interest rates in the upcoming meetings, as inflation is expected to remain above the target for a long time...
View MoreThe general index of the US dollar is trading at its lowest level in six months, in the middle of the European session’s trading today, Wednesday, December 14th, at 103.72 levels, down by about 0.25%, after losing more than 1% at the close of trading session yesterday, Tuesday, after the US inflation figures for November were announced. Which came below...
View More, Data issued moments ago by the Bureau of Labor Statistics in the United States of America showed that the Consumer Price Index (CPI), which measures inflation, fell by 0.1% in November, compared to 0.4% in October, which came below expectations, which indicated a decline to 0.3%, while the main index, excluding prices, declined. Food and energy rose to 0.2%...
View MorePreliminary figures from the United Kingdom's Office for National Statistics (ONS) showed that the UK's GDP grew by 0.5% in October, after a 0.6% decline in September, while expectations were for a growth of 0.4%. On the other hand, the economy recorded a growth of 0.3% on a quarterly basis in the three months ending in October, compared to the...
View MoreThe Reserve Bank of Australia raised interest rates by 25 basis points, to reach 10.3%, as expected at the bank meeting that took place this morning, Tuesday, December 6, in the last meeting of the current year, bringing interest levels to their highest levels since 2012. And the interest statement issued by the bank stated that inflation in Australia is...
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