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The US government recorded a $314 billion budget deficit in November, which was higher than the expected $301 deficit. The Treasury Department reported $275 billion in receipts and $589 billion in outlays. It compares to a $248 billion deficit in the same month last year.According to the Treasury Department, the …

The GBP/USD pair is trading at 1.2556, despite a volatile session with a 90+ pip range. The US Bureau of Labour Statistics reported declining inflation, with headline dipping and core remaining stickier at 4% YoY. The UK jobs market eased, with 50K new employees added to the workforce, though wages …

Gold prices have increased following the release of the US CPI data, triggering cautious optimism ahead of Wednesday’s Fed’s Monetary policy decision. Gold prices found some support on Tuesday after a two-day decline, favoured by softer US yields and a weaker US dollar. Geopolitical tensions continue to grow amid news …

United States Treasury Secretary Janet Yellen said on Tuesday that she sees no reason why inflation should not come down to the Federal Reserve’s target. The US Dollar Index is falling modestly on Tuesday but is off lows. It recovered ground following US inflation data and is hovering around 104.00. …

The United States experienced a decrease in inflation, measured by the Consumer Price Index (CPI), to 3.1% on a year-over-year basis in November, according to the Tuesday report from the US Bureau of Labor Statistics (BLS). This figure is a slight dip from October’s 3.2% and aligns with market expectations. …

Oil prices rose on Tuesday after a Houthi attack on a chemical tanker heightened geopolitical tensions in the Middle East, but fears of slowing demand growth and excess supplies undermined gains. A cruise missile launched from Yemen hit a commercial tanker, causing fire and damage, but no casualties. By 0915 …

European stocks rose on Tuesday as investors took comfort from weaker-than-expected UK wage growth data and amid anticipation for a key US inflation report to be published later on Tuesday. The European STOXX 600 index increased 0.1 percent by 0814 GMT and is on track to record gains for the …

Japan’s Nikkei index posted modest gains on Tuesday as expectations faded for an imminent move by the Bank of Japan at its policy meeting scheduled for next week. The Nikkei ended trading on Tuesday, up 0.16 percent at 32,843.70 points, recording gains for the second day in a row. The …

The dollar fell while the yen stabilized in trading on Tuesday in Asia at a time when traders awaited inflation data in the United States and an expected series of central bank meetings. Dollar index contracts fell 0.5 percent to 145.46 yen. The two currencies have been witnessing fluctuations for …

Oil prices rose on Tuesday as investors remained cautious ahead of important decisions on interest rates and the release of inflation data, but concerns about oversupply and slowing demand growth undermined the gains. By 0342 GMT, Brent crude futures for February delivery rose 26 cents, or 0.3 percent, to $76.29 …