Crude prices are recording strong declines in the middle of the trading session of the European session today, Wednesday, June 22nd, as crude is affected today by the high expectations that US President Joe Biden will support crude prices in the coming period, as BENRT crude loses about 4.15%, trading at levels of 109.90, while US crude is losing (NYMEX)...
The CPI, which measures inflation in the United Kingdom, rose to 9.1% year-on-year in May, compared to 9% in April's reading, matching expectations in the highest reading in the series that began with national statistics in January 1997. The main index, excluding food and energy prices, fell to 5.9% in May from 6.2%, compared to a decline of 6% in...
Retail sales in Canada rose by 0.9% in April, according to a report by Statistics Canada issued just moments ago, to reach $60.7 billion, after declining by about 0.0% in March, exceeding expectations that indicated a growth of about 0.8%, as the growth in April was supported by higher sales in general merchandise stores. By 4.2%. The main index excluded...
Crude prices are recording gains for the second consecutive session in the middle of the European session today, Tuesday, June 21 (June), benefiting from the rise in crude imports in the largest consumer of crude in the world China and the lack of global supplies, ignoring fears of a global recession, as US crude (NYMEX) is trading at levels of...
The members began their discussion in the meeting that was held on the seventh of June regarding the inflation rates, which rose in April and May and is expected to rise in the coming period due to local and global factors before returning in the next world 2023 towards the bank’s target of 2-3%, as the global growth forecasts were...
Will Canadian inflation figures support a stronger CBE move in July Will Jerome Powell steal the show this week in his testimony before Congress Swiss Franc Continues Gains After Swiss Bank Shocks Markets Various economic data that we will follow during the week After the markets bid farewell to an intense week in terms of economic data, represented by the...
The Bank of Japan decided at its meeting that ended this morning, Friday, June 17, to keep monetary policy unchanged, as members of the bank voted as expected to keep the current negative short-term interest rates at -0.10% in addition to maintaining the 10-year bond yield at 0 % . The bank is buying exchange-traded funds (ETFs) for 12 trillion...
The Bank of England decided to vote to raise interest rates by a quarter point in its meeting moments ago, to reach 1.25%, as are expectations for the fifth consecutive meeting, in the largest increase since January 2009. The interest report issued by the bank stated that the members of the bank voted by a majority of 6-3 to raise...
Less than three hours, the Bank of England will announce monetary policy developments and interest rates, as expectations indicate that the bank will raise interest rates by 25 basis points to reach 1.25%. The bank is heading to increase interest rates for the fifth time in a row after the bank raised interest rates at every meeting this year to...
The Swiss National Bank surprisingly raised interest rates at its meeting moments ago from -0.75% to -0.25%. The bank's interest statement stated that there were inflationary pressures that forced the bank to take the step of raising interest rates, stressing that more interest increases would be necessary in the future to achieve price stability. Switzerland's inflation rate reached 2.9% in...