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Treasury Secretary Janet Yellen stated on Monday that the US is making “considerable progress” in reducing inflation, which is particularly noteworthy given the strength of the labour market.The government’s consumer price index measures annual inflation, which fell to 3.2% in October from a peak of over 9% in 2022 as …

The head of the Japan Petroleum Industry Association said on Monday that he expects OPEC+ to extend supply cuts beyond December to support oil prices. Three OPEC+ sources told Reuters that the alliance is scheduled to study whether to impose additional oil cuts when it meets on November 26, after …

European stocks stabilized on Monday after a strong weekly performance that was driven by increased bets on lowering interest rates, while a decline in the health care sector erased gains in energy sector stocks. There was no significant change in the European STOXX 600 index by 0810 GMT, after it …

Japan’s Nikkei index rose to its highest level in more than three decades on Monday before changing course and closing lower as investors remained wary of the index’s recent significant gains. The Nikkei fell 0.59 percent to 33,388.03 points at the close, after earlier rising to its highest level since …

Oil futures rose on Monday, continuing their gains based on expectations that the OPEC+ group will reduce supplies further to support prices that have been declining for four weeks due to waning fears of disruption to Middle East supplies due to the war between Israel and the Palestinian Hamas movement. …

Oil, Crude, trading

Oil, Crude, trading

The British pound made a significant leap, registering substantial gains against the US dollar by successfully breaching the psychological barrier resistance at 1.2400 and initiating an assault on the crucial resistance level of 1.2465. From a technical perspective today, a positive trading outlook is favored, contingent on the intraday stability …

japanese-yen

Oil, Crude, trading