The Eurozone economy rebounded in November, according to the Purchasing Managers' Index released by the PMI moments ago, as the index showed growth in the euro zone's manufacturing sector to its highest level in two months at 58.6 compared to October's revised reading to 57.8 (expectations 57.5), while the services index improved in November at 56.6 compared to B54.6, recording...
The yellow metal is trading stable this morning, Tuesday, November 23, with the opening of the European markets, trading at levels of 1803 dollars per ounce, after it incurred its largest daily loss since mid-September, yesterday, Monday, down by about 2.2%, or 45 dollars, at closing at 1806 dollars per ounce, affected by the dollar’s rise American during the opening...
Amid the absence of economic data during the opening session of the week yesterday, Monday, the markets interacted with the reappointment of the current US Federal Reserve Chairman Jerome Powell for another four years, as were expectations, to end a chapter in the financial markets side by side with a state of uncertainty and possible scenarios that would come with...
The US markets concluded the opening session of the week yesterday, Monday 22nd of November, in contrast, as the Dow Jones index managed to close in the green color, while the S&P 500 and Nasdaq indices deepened in the red color after they had gained until a few hours before closing in a session described as volatile. The Dow Jones...
US President Joe Biden kept the current US Federal Reserve Chairman Jerome Powell in his position, as expectations were largely for another four-year period, as Biden supported Powell's presidency and his term despite its difficulty and what happened to it such as the inflation crisis and the pandemic recession. And the US President announced the appointment of Lyle Brainard as...
Crude prices are recording stability with some slight rises in the middle of trading today, Monday, November 22, the opening session of the week and before the opening of the American markets, as Brent crude rises by 0.11% and is trading at a level of $78.98 a barrel, while the American crude (NYMEX) is trading at levels of $76.00 a...
Cryptocurrencies returned to decline in the opening session of the week today, Monday, November 22, with the beginning of the European session, as Bitcoin leads the declines of cryptocurrencies, down by about 2.9%, and trading at levels of $ 57,467 thousand, to lose the most expensive digital currency in the world about 12% of its value in the last seven...
Euro awaits PMI amid closings in Europe Will the Bank of New Zealand raise interest rates? PCE inflation and growth data from the US Powell am Brainard for the Fed After a week full of many economic data that had a direct impact on currency movements, the markets will enter a new week, starting today, Monday, November 22, in a...
Data released by Statistics Canada just moments ago showed that retail sales fell by -0.6% in September to reach $56.6 billion, after rising by about 2.1% in the August reading, to come in better than expectations that it had indicated a decline to -1.6%, affected by a decline and a decline in car sales. And spare parts by 1.6%. Sales...
Crude prices record declines in the middle of the day, Friday, the last of the weekly trading sessions, and before the opening of the American markets, where Brent crude is trading below 79 levels for the first time in seven weeks, with the two crudes heading to record weekly losses exceeding 5%, in a decline for the fourth week in...