The Reserve Bank of New Zealand raised interest rates by 50 basis points, to reach 5.25% from 4.75%, while expectations were for a 25 basis point hike in the bank's meeting that took place this morning, Wednesday, April 5th, to keep interest levels at their highest levels in 14 years. The interest statement stated that inflation is still very high...
The Reserve Bank of Australia kept its monetary policy unchanged and kept interest rates at 3.60% at the bank's meeting that took place this morning, Tuesday, the fourth of April, after they settled at their highest levels since May 2012. And the interest statement issued by the bank stated that the decision comes after cumulative increases in interest rates that...
The US dollar declined for the fifth week in a row OPEC confuses the opening markets The Australian and New Zealand Bank meeting is the most important event of the week's session US labor market numbers conclude the week's end Separate economic data After inflation figures from Australia and the eurozone topped last week's events, financial markets return in a...
Data released moments ago by the US Bureau of Economic Analysis showed an increase in US personal income by $9.72 billion in February, or 0.3%, while the PCE index, the preferred indicator for measuring inflation for the US Federal Reserve, rose by 0.2% on a monthly basis. On the other hand, the main excluded index rose. of food and energy...
Estimates by Eurostat, or the statistical office of the European Union, showed moments ago that the annual inflation rate in the eurozone rose to 6.9% in March in the preliminary reading, compared to 8.5% in the February reading, while expectations were for it to drop to 7.1%. In the details, prices in the energy sector declined at an annual rate...
The Gross Domestic Product of the United States of America grew in the fourth and final quarter of last year, ending in December, in the third reading, according to the Bureau of Economic Analysis report issued just before, by 2.6%, compared to a growth of about 2.7% in the second reading and 2.9% in the initial reading, and after a...
US indices recorded collective gains when they closed the trading session yesterday, Wednesday, March 19th, with the S&P 500 index regaining 4,000 levels, its highest level since March 6th, amid anticipation in the markets for US inflation figures represented by the consumer spending index tomorrow, Friday. With the calming of market fears of the banking sector during the session, the...
Crude prices recorded gains of more than 1% for the third consecutive session, with the beginning of the American session trading today, Wednesday, March 29th, amid anticipation of US inventory numbers, as Brent crude is trading at $79.48 a barrel, an increase of 1.06%, while US crude (NYMEX) is rising by about 1.22%, trading at $74.09 a barrel. Some reports...
Figures issued in the Asian session today, Wednesday, by the Australian Institute of Statistics (ABS) showed that the consumer price index, which measures inflation in Australia, rose by 6.8% on an annual basis in February, compared to 7.4% in January, which came below expectations, which indicated an increase to 7.2. In the details, the prices of food and non-alcoholic beverages...
The US Consumer Confidence Index, issued by the Conference Board, rose to 104.2 in March, compared to 103.4 in February, while it had been expected to rise to 101. In the details of the index, the current situation index, according to consumers' assessment of working conditions, rose to 151.1 from 153 in February, while the expectations index rose to 73...