The 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....
The 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...
The 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...
, 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%...
Preliminary 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...
The 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...
Crude prices recorded gains in the opening session of the week today, Monday, December 5, with the opening of the European session, despite the reduction of gains that exceeded 2% at the beginning of the Asian session, as crude benefits from the results of the meeting of OPEC and independent producer allies outside the organization, led by Russia, which kept...
The report issued by the United States Bureau of Labor Statistics moments ago showed that 263,000 jobs were added in November, compared to the addition of 261,000 jobs in the October reading, better than market expectations that indicated the creation of jobs estimated at 200,000 jobs. On the other hand, unemployment rates stabilized at 3.7%, matching expectations, coinciding with a...
The US dollar records strong declines for the second session in a row, with the opening of the European session today, Thursday the first of December, as the general index of the US dollar tested levels of 105.25, recording declines of 0.70% in the Asian session, after losing more than 1% from its high level yesterday, Wednesday. Jerome Powell's statements...
The US private sector added about 127,000 jobs only in November, according to figures issued moments ago by the ADP, after adding about 239,000 jobs in the October reading, while expectations were for the addition of 196,000 jobs. In the details, the commodity production sector lost about 86,000 jobs, after the manufacturing sector lost about 100,000 jobs, and the construction...