Oil prices declined after three consecutive sessions of gains in midday trading on Thursday, January 22nd, as geopolitical tensions eased and the US president backed down from his threat to impose new tariffs on EU countries over Greenland. Prices are also awaiting official inventory figures. US crude (WTI) fell by about 0.45% to trade at $60.35 per barrel, while Brent...
Australian unemployment fell by 0.2 percentage points in December to 4.1%, according to figures released by the Australian Bureau of Statistics (ABS) at the start of Asian trading on Thursday, January 22. This compares to 4.3% in November and is better than market expectations, which had anticipated a rise to 4.4%. The labor force participation rate also rose to 66.7%....
The yellow metal is trading higher than 2%, while silver is rising more than 3% at the start of European trading on Wednesday, January 21st. This comes amid escalating geopolitical tensions and a war of words between the US president and EU leaders on the sidelines of the Davos conference, coupled with widespread selling of US assets and a decline...
The UK's Consumer Price Index (CPI), which measures inflation, rose to 3.4% year-on-year in December, according to data released by the Office for National Statistics (ONS) on Wednesday morning, January 21. This compares to a 3.2% increase in November and fell short of expectations of a 3.3% rise. The increase was driven by higher tobacco prices following the recent excise...
The ZEW Business Sentiment Index for Germany rose in January, adding 13.8 points to reach 59.6, compared to 45.8 in December. This marks its best performance in four years, exceeding expectations of 50.0. The December increase coincided with a significant improvement in the assessment of the current economic situation in Germany, which rose to -72.7, an increase of 8.3 points...
Canada's Consumer Price Index (CPI) rose by 2.4% year-on-year in December, according to figures released moments ago, compared to 2.2% in November. The core CPI, which excludes gasoline prices, rose to 3% year-on-year, compared to 2.6% in November. On a monthly basis, the index fell by 0.2% in December, following a 0.1% increase in November. This was against expectations of...
Gold is trading higher than 1.5%, while silver is up more than 3% at the start of the European session on Monday, January 19th, the opening session of the week. Both currencies reached new record highs as trade tensions between the United States and the European Union over Greenland escalated, driving demand for safe-haven assets. Gold is trading up approximately...
China's gross domestic product (GDP), the world's second-largest economy, grew by approximately 4.5% year-on-year in the fourth and final quarter of last year, ending in December, according to data released by the National Bureau of Statistics on Monday morning, January 19. This compares to 4.8% growth in the third quarter and matches market expectations, marking the slowest growth rate in...
Crude oil prices fell by more than 4% in midday trading on Thursday, January 15, ending a five-session winning streak. This decline followed comments from US President Donald Trump, who eased market concerns about Iranian oil supplies, and the largest increase in US crude oil inventories since November. US crude (WTI) fell by approximately 4.21%, trading at $59.42 per barrel,...
Preliminary estimates from the UK's Office for National Statistics show that the UK's gross domestic product (GDP) grew by 0.3% in November, following a 0.1% decline in October. This figure exceeded expectations and also showed growth of 0.1% in the three months to November. The services sector, which accounts for more than 70% of the UK economy, grew by...