Data released moments before by the US Census Bureau showed a rise in US retail sales better than the market expectations, as sales rose by about 1% in June, compared to a decline of about -0.1% in the revised May reading, while expectations indicated a rise by 0.9%. Core sales, excluding auto prices, recorded a growth in June of 1.0%,...
The gross domestic product (GDP) in China, the second largest economy in the world, recorded a strong slowdown in GDP growth, which reached 0.4% in the second quarter of this year, according to data released this morning, Friday, July 15, from the National Bureau of Statistics, compared to a growth of about 4.8% in the first quarter and less From...
Crude records declines in mid-European trading today, Thursday, July 14th, and with the opening of the US markets, affected by the rise in the US dollar and the rise in global recession fears, as US crude (NYMEX) is trading down by 2.36%, trading at levels of 94.04 dollars per barrel, while Brent crude is trading at Levels of $ 97.56...
The general index of the US dollar continues to record gains and record levels, the highest since 2002, with the opening of the European markets for today's session, Thursday, the 14th of July (July), to trade at levels of 108.60, taking advantage of the US inflation figures that came to their levels in forty years. The Consumer Price Index (CPI),...
Australian labor market data released this morning, Wednesday, in the Asian session from the Australian Bureau of Statistics (ABS), showed that the unemployment rate fell to 3.5% in June from 3.9% in May, the lowest level in 48 years (August 1974), compared to expectations that it had declined to 3.8%. This coincides with an increase in the participation rate in...
In an unexpected move, the Bank of Canada, in its meeting moments before, raised the interest rate by 100 basis points to 2.50% from 1.50%, while expectations were to raise it by about 75 basis points to reach 2.25%. Inflation in Canada is higher and more stable than the bank forecast in its April monetary policy report and is expected...
Data released moments ago by the Bureau of Labor Statistics in the United States showed that the CPI, which measures inflation, rose by 1.3% in June, after rising by about 1% in May, exceeding expectations that indicated a rise to 1.1%, while the main index excluding prices rose. Food and Energy decreased to 0.7%, compared to 0.6% in May. On...
As expected, the Monetary Policy Committee of the Reserve Bank of New Zealand, RBNZ, decided to raise the official interest rates OCR by 0.50% to 2.50% from 2% in its meeting this morning, Wednesday, in the Asian session, in an increase for the third time in a row in the same pattern and the fifth in general since the start...
Fears of a global economic recession and preventive measures to limit the spread of the Corona virus in the second largest consumer of crude in the world are casting a shadow on crude prices for the second consecutive session, in the middle of the European session’s trading session today, Tuesday, July 12 (July 12), where US crude (NYMEX) is trading...
The general index of the US dollar, which is concerned with measuring the strength of the dollar against a basket of currencies (Dollar Index), continues to record high levels since the beginning of the week yesterday, Monday, trading at its highest level since September 2002 at 108.45, benefiting from the high market expectations of the US Federal Reserve to tighten...