US stocks recorded gains at the close of trading on Thursday, July 29, in the first US market session, after the US Federal Reserve's decision to raise interest rates by 75 basis points, ignoring US growth figures that showed the US economy entered a state of recession. And the gross domestic product of the United States of America recorded a...
The gross domestic product of the United States of America recorded a decline in the second quarter of the current year ending in June in the preliminary reading, according to the report of the Bureau of Economic Analysis issued a while ago, by -0.9, compared to a decline of about -1.6 percent in the first quarter, contrary to expectations that...
The Federal Open Market Committee (FOMC) voted unanimously to raise interest rates by 75 basis points, as expected, for the second time in a row, to reach 2.5%, as expected, in the largest pace of monetary tightening since 1994. The Federal Reserve is seeking to tighten the screws on rising inflation, which reached its highest level in forty years in...
Durable goods orders, according to the US Census Bureau's report issued a few moments ago, grew in June, better than market expectations, with a growth of 1.9%, or 5 billion, to reach $ 272.6 billion on a monthly basis, after a growth of about 0.8% in May, while expectations indicated a decline of 0.5%. . Core orders, excluding transportation, increased...
Gold maintains for the fourth consecutive session at the levels of 1,700 dollars per ounce, trading at 1718 dollars this morning, Wednesday, the 27th of July, an increase of about 0.07%, just hours before the Federal Reserve meeting, which began discussing monetary policy developments and raising interest rates yesterday, and it will be announced today, Wednesday in the US session....
The figures released in the Asian session today, Wednesday, by the Australian Institute of Statistics (ABS), showed that the consumer price index, which measures inflation in Australia, increased by 1.8% in the second quarter of this year ending in June, compared to 2.1% in the first quarter, to come below expectations that indicated a decline to 1.9%. . On an...
The dollar continues to decline at the beginning of the week Ifo indicator below expectations Miscellaneous data that we will follow during the week After the second largest central bank in the world, the European Central Bank, raised interest rates last week by 50 for the first time in more than a century. From the month of July towards the...
In a highly unexpected move, the European Central Bank decided at its meeting moments before today, Thursday, July 21, to raise the zero interest rates by 50 basis points to 0.50% for the first time in 11 years in its clear quest to ensure that inflation returns to its 2% target. The bank's interest statement stated that the board of...
For the fourth consecutive session, the Turkish lira continues to decline and is approaching its lowest level ever recorded in December last year at 17.72, trading at 17.64 levels this Thursday morning, July 21 (July) just hours before the Turkish Central Bank meeting to determine the bank’s monetary policy and interest rates. The expectations are for the bank to keep...
Finally, after a long wait, the second largest central bank in the world (the European Central Bank) will raise interest rates and begin to tighten monetary policy when it meets today, Thursday, July 21 for the first time since 2011. It is expected that interest rates will rise by 25 basis points to reach 0.25 % . European inflation figures...