The European Central Bank decided in its meeting moments ago today, Thursday, December 12, to cut interest rates as expected by 25 basis points to reach 3.15% in the fourth cut this year after the start of the cut in June. The bank's interest statement stated that most key inflation measures indicate that inflation is on the right track and...
View MoreData released moments ago by the US Bureau of Labor Statistics showed that the Consumer Price Index (CPI), which measures inflation, rose by 3.0% in November after stabilizing at 0.2% in the last four months, matching expectations, while the core index, which excludes food and energy prices, stabilized at 0.3%. On the other hand, the annual index rose over the...
View MoreThe Reserve Bank of Australia's Board of Directors decided at its meeting this morning, Tuesday, December 10, to keep monetary policy and current interest rates at 4.35% unchanged as expected. The bank's statement issued for interest stated that inflation has declined significantly since its peak in 2022, but core inflation remains high at 3.5% and remains far from the midpoint...
View MoreData from the National Bureau of Statistics showed that the annual consumer price index, which measures inflation, rose to 0.2% in November from 0.3% in October, missing expectations of a 0.4% rise, its lowest reading in five months, while the index fell 0.6% on a monthly basis, compared to a 0.3% decline in October. In contrast, China's producer price index...
View MoreThe report issued by the US Bureau of Labor Statistics a few moments ago showed that 227,000 jobs were added in November compared to only 36,000 jobs in October, better than market expectations of 218,000 jobs. On the other hand, unemployment rates rose by about 0.1% to 4.2% compared to 4.1% in October, matching expectations, coinciding with an increase in...
View MoreCrude prices recorded increases of more than 0.40% with the opening of European markets for today's session, Thursday, December 5, amid anticipation in the markets for the results of OPEC+ later today and after declines of more than 1.5% yesterday, Wednesday, after a decline in US stocks, as US crude (Nymex) rose by about 0.48% and traded at levels of...
View MoreThe Australian economy recorded a growth in GDP growth of about 0.3% in the third quarter of this year 2024, ending in September, according to figures from the Australian Bureau of Statistics (ABS) released this morning, compared to a growth in the second quarter of $0.2%, while expectations indicated a growth of about 0.5%. On an annual basis, GDP rose...
View MoreCryptocurrencies are trading at a stable level in the middle of today's session, Tuesday, December 3, as Bitcoin maintains the $90,000 level, while the Ripple XRP currency rose to become the third digital currency in terms of market value, surpassing Tether for the first time, benefiting from the rise in positive momentum for the currency and news from the United...
View MoreThe precious metal is trading on a decline with the opening of the European markets for the opening session of the week today, Monday, December 2, as gold loses about 0.75% or about $ 20 and trades at levels of $ 2633 per ounce after declines of more than 1.5% last week amid anticipation in the markets for US employment...
View MoreEurostat, the statistical office of the European Union, released a few moments ago, showed that annual inflation in the eurozone rose to 2.3% in November in the preliminary reading, compared to 2.0% in October, in line with expectations. The largest contribution to inflation in November came from the services sector, which rose at an annual rate of 3.9% from 4.0%...
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