Crude oil prices continue to rise for the third consecutive session in the middle of the European session today, Tuesday, February 11, after concerns about Russian and Iranian oil supplies increased, with crude oil recording gains exceeding 2.5% since the beginning of the week, amid anticipation in the markets for the initial inventory figures from the American Petroleum Institute this...
Metals have been reacting higher since the beginning of the week's trading for the opening session of the week today, Monday, February 10, as gold rose by more than 1.5% after the US President's statements, recording a new record high in trading at $2903 per ounce, while silver rose by about 1.49%, trading at $32.29 per ounce. The yellow metal...
China's annual consumer price index (CPI), a measure of inflation, rose 0.5% in January from 0.1% in December, the National Bureau of Statistics said earlier this week, the fastest pace in five months and beating expectations for a 0.4% increase. The core index, which excludes volatile food and energy prices, rose 0.6% in January from 0.4%. China's producer price index...
The US non-farm payrolls added 143,000 jobs in January, according to data released by the US Bureau of Labor Statistics a few moments ago, compared to 307,000 jobs in December's revised reading of 51,000. The November reading was revised upward to 61,000 from 49,000, falling short of market expectations of an addition of around 170,000 jobs. The unemployment rate in...
The Bank of England decided, by a majority vote of 7-2, to cut interest rates by a quarter point in its meeting moments ago to reach 4.50%, as expected in its first meeting of the year, while two members preferred to cut interest rates by 50 basis points to 4.25%. The interest rate report issued by the bank stated that...
Crude prices are trading higher in the middle of today's trading session, Thursday, February 6, after sharp declines yesterday, Wednesday, while concerns continue about tensions from the trade war and customs tariffs between the world's largest exporters and importers of crude oil, as Brent crude rises by about 0.77% per barrel and is trading at $75.18 per barrel, while US...
The US private sector added about 183K jobs in January, according to figures released a few moments ago by ADP, after adding about 176K jobs in April's revised reading from 122K, while expectations indicated an addition of 148K jobs. In detail, the goods production sector lost about 6K jobs, while the manufacturing sector lost about 13K jobs, while the services...
The yellow metal is trading above $2,800 for the second consecutive session in the middle of the European session today, Tuesday, February 4, after recording the highest daily closing ever yesterday, Monday, at $2,813 per ounce, benefiting from the increase in uncertainty in the markets due to the tariffs announced by the US administration, in addition to the decline in...
Crude prices recorded gains of more than 1.5% this morning, Monday, February 3, with the weekly opening after fears rose that the US administration would impose tariffs on the energy sector on Canada, Mexico and China, which raised market concerns about supplies. Brent crude rose by about 1.65%, trading at $76.92 per barrel, while US crude (Nymex) traded at $74.42...
Eurostat, the statistical office of the European Union, estimates a few moments ago that annual inflation in the eurozone rose to 2.5% in January in the preliminary reading compared to 2.4% in the December reading, exceeding expectations that it would remain stable in the December reading. The largest contribution to inflation in November came from the energy sector, which rose...