The Australian economy shrank by -1.9% in the third quarter ending in September, in the third quarterly contraction in history, after a growth of about 0.7% in the second quarter, to come in better than expectations that indicated a decline of about -2.7%, which affected the decline in the annual growth rate to 3.9 % of 9.6% compared to September...
In his testimony before the House Banking Committee, US Federal Reserve Chairman Jerome Powell admitted for the first time that inflation without the phrase is temporary, which he has always repeated when asked about inflation, acknowledging that inflation continues to rise more and more. In his testimony, Powell indicated that it is appropriate to talk about accelerating the process of...
Canada's gross domestic product rose 0.1% in September, according to data released moments before by Statistics Canada, after growing by about 0.4% in October to come in better than expected as the rise in the service-producing industries, mining and oil offset declines in the manufacturing, construction and retail sectors. And 12 sectors out of 20 industrial sectors rose in September,...
Estimates by Eurostat or the Statistical Office of the European Union just before showed that annual inflation in the euro area rose to 4.9% in November in the preliminary reading, compared to 4.1% in the October reading, exceeding expectations that indicated a growth of about 4.5%. The largest contribution to inflation in November came from the energy sector, which rose...
Markets returned to the decline with the opening of the European markets for the session today, Tuesday, 30th of November, the last session of the month of November, where the Dow Jones index in the futures loses about 400 points before the opening, to lead the market declines, while currencies and assets of safe havens rise after the statements of...
US President Joe Biden’s statements during the opening session of the week yesterday, Monday, supported the US stock markets, which recorded gains at the close, which compensated for a large part of the strong losses recorded at the end of last week, which was caused by the emergence of the new mutant Omicron, to record the Nasdaq Composite Index, which...
Crude prices record highs in the middle of the trading session today, Monday, the opening session of the week, and before the opening of the American markets, where crude rises by more than 4%, compensating for a large part of the loss on Friday, the last sessions of the last week, which exceeded 10% at closing in the largest daily...
The cryptocurrency markets returned to the rise after being subjected to strong selling pressures on Friday at the end of last week, as financial markets were hit hard with the news of the emergence of the new mutant, which was called Omicron from South Africa, causing the cryptocurrency market to suffer strong losses by the end of the week before...
A look at the main events of the past week Are market expectations of tightening monetary policy receding? The statements of the heads of central banks and members of monetary policy are ahead of the economic data Tension and heightened uncertainty was the main topic of the closing session of the markets last week, Friday, after all things were...
Dow Jones loses more than 900 points less than two hours before the early closing of the closing session of the week The three major indices of the American market record strong declines less than two hours before the closing session of the week ends today, Friday, November 26, as the Dow Jones index loses more than 900 points, affected...