s The Dow Jones Industrial Average lost more than 200 points when it closed the opening session of the week yesterday, Monday, March 21st, after the statements of US Federal Reserve Chairman Jerome Powell during the session pressured US markets, as Powell confirmed that the bank is ready to go to any extent of tightening in order to address inflation....
Crude prices record increases of more than 4% in the middle of the European session trading today, Monday, March 21 At levels of 109.14 dollars per barrel, an increase of about 4.24%, coinciding with the rising fears in the markets that the European Union countries will join the United States of America in the plan to ban Russian oil. European...
A look at the main events of the past week The US dollar recorded its first weekly loss since the beginning of February The Russian-Ukrainian war returns to the fore with the rise in confrontations UK inflation and Swiss bank meeting to head the week's events Statements by Jerome Powell, Lagarde and Bailey this week After major events and dates...
Retail sales in Canada increased by 3.2% in January, according to a report by Statistics Canada, issued just moments ago, to reach $58.9 billion, after declining by about 1.8% in December, exceeding expectations that indicated a growth of about 2.4%. The growth in January was supported by the increase in sales in the auto sector and parts Spare parts increased...
The Bank of Japan decided at its meeting that ended this morning, Friday, March 18th, to keep monetary policy unchanged, as the bank members voted 8-1 to keep the current negative interest rates at -0.10% in addition to maintaining the 10-year bond yield at 0 % . The bank is buying ETFs at 12 trillion yen and J-REITs at 180...
Crude prices are recording strong increases today, Thursday, March 17th, with the opening of the American markets, as Brent crude rises by about 6.95%, trading at levels of 104.84 dollars a barrel, while the American crude (NYMEX) is trading at levels of 101.15 dollars, an increase of about 6.43%. Crude is receiving support from the statements of the International Energy...
The Central Bank of England decided to vote by a majority of 8-1 to raise interest rates by a quarter of a point in its meeting moments ago, to reach 0.75%, as is the expectations for the third meeting in a row, while one of the members preferred to maintain the current rates. The bank's monetary policy report stated that...
In the European session today, Thursday, March 17th, the Bank of England will announce its monetary policy and interest rates, as expectations indicate that the Bank of England will raise interest rates for the third time in a row by 25 basis points to reach 0.75%. Inflation in the United Kingdom reached its highest level in 30 years in January's...
Australian labor market data released Thursday morning in the Asian session from the Australian Bureau of Statistics showed that the unemployment rate decreased to 4% in February from 4.2%, exceeding expectations that indicated a decline to 4.1% despite the high participation rate in the labor market to 66.4%. On the other hand, the economy added about 77,400 thousand jobs in...
The US Federal Reserve decided moments before to raise interest rates by a quarter point for the first time since 2018, as expected, to rise to 0.50% with the vote of all members, except for James Pollard, who voted for a 50 basis point hike. Expectations for PCE inflation at 4.3% for the current year, compared to 2.6% in the...