Data released by the University of Michigan a few moments ago showed a deterioration in the preliminary reading of US consumer confidence for the month of November to 66.8 points, compared to 71.7 in October, while expectations indicated a rise to 72.5, the lowest reading of the index since November 2011. This reading of consumer confidence came from the rising...
View MoreThe Turkish lira continues to record record lows, as it tested this Friday morning the 12th of November levels of 9.9800 and became less than 200 points away from the psychological level of 10 thousand amid anticipation in the markets for the meeting of the Turkish Central Bank next week on the 18th of November. According to opinion polls conducted...
View MoreThe Dow Jones Industrial Average tweeted alone outside the group when it closed for the trading session yesterday, Thursday, while the Nasdaq and S&P 500 indexes recorded highs at the close, amid a trading session known as weak in terms of liquidity, as the bond market was closed in celebration of Veterans Day and coinciding with the absence of economic...
View MoreCrude prices are stable at the beginning of the European session trading today, Thursday, November 11th, after declines of more than 2% yesterday, Wednesday, affected by the declines of the US dollar, to its highest level in 16 months, after US inflation data, due to the inverse relationship between the US dollar and commodity prices. US President Joe Biden's statements...
View MorePreliminary estimates showed UK GDP growth of 1.3% in the third quarter ending in September (expectations at 1.5%) and after a growth of about 5.5% in the second quarter as the largest contribution to GDP came from the hospitality, arts, entertainment and health sectors after further easing Restrictions and reopening the economy. The monthly gross domestic product grew by about...
View MoreAfter inflation exceeded the expectations of analysts and markets and came to its highest level in thirty years (November 1990), the bets of analysts and markets increased that the US Federal Reserve would resort to raising interest rates immediately after the completion of the process of reducing the bond purchase program in July of next year, in addition to the...
View MoreData from the Australian Bureau of Labor Statistics (ABS) released this Thursday morning showed an increase in unemployment rates in October to 5.2%, compared to 4.6% in September, exceeding expectations that indicated a rise to 4.8%, in contrast, participation rates rose to 64.7% from 64.5%. The number of the unemployed in October was about 707.300 thousand people, compared to 625,500...
View MoreThe yellow metal continues to record gains for the fifth consecutive session and is trading at its highest level since mid-June at levels of $ 1852 an ounce, an increase of more than 1.2%, coinciding with the opening of the American markets for the session today, Wednesday, benefiting from the rise in global inflation fears after the released data. The...
View MoreData released moments before by the Bureau of Labor Statistics in the United States showed that the CPI, which measures inflation, rose by 0.9% in October, after rising by about 0.4% in September, to come in better than expectations that indicated a rise to 0.6%, while the main index excluding it rose Food and energy prices to 0.6% (expectations of...
View MoreThe general index of the US dollar recorded highs in the middle of the trading session today, Wednesday, the 10th of November, and a few hours before the announcement of the data of the US consumer price index, which is concerned with measuring inflation, as expectations indicate that the annual inflation in the United States of America will rise at...
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