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Breaking News
  • Bitcoin Holds Steady as Markets Await Details on U.S.-China Trade Framework and U.S. CPI Data
  • European Stocks Trade Flat as Markets Eye U.S. CPI, U.K. Spending Review, and China Trade Talks
  • Gold Rises as Trump Tariff Ruling Offsets China Trade Optimism; CPI Data Eyed
  • Dow Jones May Experience a Temporary Decline 11/6/2025
  • CAD Maintains Its Bearish Trend 11/6/2025

US: CPI Declines to 1.6% in October

Adel Breaking News, Market Update

Inflation in the US, as measured by the Consumer Price Index (CPI), was 0% in October, the report published by the US Bureau of Labor Statistics showed on Thursday. On a yearly basis, the CPI declined to 1.2% from 1.4% in September. Further details of the publication revealed that the …

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US: Weekly Initial Jobless Claims Fall to 709K

Adel Breaking News, Market Update

There were 709,000 initial claims for unemployment benefits in the US during the week ending November 7th, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed last week’s print of 757,000 (revised from 751,000) and came in better than the market expectation of …

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IEA: Permanent Shutdowns of Refineries Accelerated Due to The Pandemic

Adel Breaking News, Market Update

The International Energy Agency said that the permanent shutdowns of refining capacity expected in 2020-2021 rose to about 1.7 million barrels per day in light of the Covid-19 pandemic striking demand for oil products. The agency added that the past few months have witnessed the announcement of the closure of …

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IEA Cuts 2020 Global Demand Forecast

Adel Breaking News, Market Update

The International Energy Agency said that it is unlikely that global oil demand will receive a big boost from the distribution of vaccines to prevent infection with Covid-19 before late 2021, in a view that is likely to dampen the oil price gains made since the announcement of progress on …

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Industrial Production in Eurozone Declined in September

Adel Market Update

Industrial production for the Eurozone fell unexpectedly in September due to factors most importantly a sharp decline in the production of consumer durables, which is a negative indication of a quarter that has begun to strong. The European Union’s statistics office said industrial output in 19 eurozone countries fell 0.4% …

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Bitcoin Smashes $16,000 Hurdle

Adel Breaking News, Cryptocurrency, Market Update

Bitcoin has topped the critical $16,000 after the first attempt failed to make significant progress on Wednesday. The flagship cryptocurrency appears to be on steroids, with the price action having lifted above $16,100. The Relative Strength Index also supports the breakout after bouncing off support at the midline.

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Oil is Rising With Potential Supply Cuts to Offset Weak Demand

Adel Commodities, Market Update

Oil prices rose Thursday, November 12th, taking crude gains since the start of this week to more than 10%, thanks to growing hopes that major producers around the world will be reluctant to increase supplies, while the increase in cases of Covid-19 undermines demand for fuel. By 07:32 GMT, US …

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European Stocks Drop Due to Fears of The Second Wave of Corona

Adel Global Stock Market, Market Update

European stocks fell on Thursday (November 12th) from their highest in eight months, as a surge in coronavirus cases raised doubts about a faster economic recovery and overshadowed positive quarterly earnings reports. The Stoxx600 index of European shares fell 0.7% by 08:04 GMT, erasing some of the shine of the …

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US Dollar Holds on to Its Gains as Investors’ Enthusiasm For Covid-19 Vaccine Wanes

Adel Daily Economic Reports, Economic Report, Market Update

The dollar held on to its gains in general Thursday, November 12, as investors trimmed their optimistic expectations about the Covid-19 vaccine, which is unlikely to prevent a bleak winter in Europe and the United States with the escalation of the second wave of the pandemic. The dollar index rose …

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Gold Rises After Coronavirus Fears Outweighed Optimism About Vaccine

Adel Commodities, Market Update

Gold prices rose Thursday, November 12th, after falling by more than 1% in the previous session, after the impact of fears of the economic repercussions of the increase in cases of Covid-19 outweighed positive developments regarding a vaccine for the disease. By 05:49 GMT, spot gold prices rose 0.2% to …

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  • Bitcoin Holds Steady as Markets Await Details on U.S.-China Trade Framework and U.S. CPI Data

    11 June, 2025 1:46 pm
  • European Stocks Trade Flat as Markets Eye U.S. CPI, U.K. Spending Review, and China Trade Talks

    11 June, 2025 12:42 pm
  • Gold Rises as Trump Tariff Ruling Offsets China Trade Optimism; CPI Data Eyed

    11 June, 2025 11:59 am
  • Dow Jones May Experience a Temporary Decline 11/6/2025

    11 June, 2025 10:55 am
  • CAD Maintains Its Bearish Trend 11/6/2025

    11 June, 2025 10:53 am
  • Bitcoin Holds Steady as Markets Await Details on U.S.-China Trade Framework and U.S. CPI Data

    11 June, 2025 1:46 pm
  • China’s Foreign Ministry: Foreign Countries Should Stop Interfering in Hong Kong’s Domestic Affairs

    1 July, 2020 1:37 pm
  • UK Manufacturing Activity Picked Up in June

    1 July, 2020 1:54 pm
  • Eurozone PMI Manufacturing Finalized at 47.4

    1 July, 2020 2:13 pm
  • IFO Sees Europe’s Largest Economy Contracting by 6.7% in 2020

    1 July, 2020 2:39 pm
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Timeline

  • 11 June, 2025 1:46 pm

    Bitcoin Holds Steady as Markets Await Details on U.S.-China Trade Framework and U.S. CPI Data

  • 11 June, 2025 12:42 pm

    European Stocks Trade Flat as Markets Eye U.S. CPI, U.K. Spending Review, and China Trade Talks

  • 11 June, 2025 11:59 am

    Gold Rises as Trump Tariff Ruling Offsets China Trade Optimism; CPI Data Eyed

  • 11 June, 2025 10:55 am

    Dow Jones May Experience a Temporary Decline 11/6/2025

  • 11 June, 2025 10:53 am

    CAD Maintains Its Bearish Trend 11/6/2025

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Latest articles

  • Bitcoin Holds Steady as Markets Await Details on U.S.-China Trade Framework and U.S. CPI Data

    11 June, 2025 1:46 pm
  • European Stocks Trade Flat as Markets Eye U.S. CPI, U.K. Spending Review, and China Trade Talks

    11 June, 2025 12:42 pm
  • Gold Rises as Trump Tariff Ruling Offsets China Trade Optimism; CPI Data Eyed

    11 June, 2025 11:59 am
  • Dow Jones May Experience a Temporary Decline 11/6/2025

    11 June, 2025 10:55 am

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