After two sessions of decline that exceeded 9% in the first sessions of the year 2023, in the worst start since 1993, crude prices returned to the rise this morning, Thursday, January 5th, with the opening of the European markets, ignoring the rising market concerns about slowing global economic growth, amid anticipation of the first stock numbers for the new...
The Purchasing Managers’ Index (PMI) in the manufacturing sector issued by the Institute for Supply Management (ISM) recorded a decline in growth in December, reaching 48.4 points, down by 0.6 points, compared to November’s reading of 49.0, the lowest reading for the index since May 2020, while it was expected to decline to 48.5 points. In the details, the new...
After concluding the year 2022 with gains of about 8%, by closing at 103.46 levels, and recording gains of more than 19%, by testing its highest level at 114.75 in September, the US dollar index (Dollar Index), which measures the dollar against a basket of currencies, opened the new year with gains of more than 1%. Before returning and losing...
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...
The 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....
Retail 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...
The 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...
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...