Annual inflation in Turkey jumped higher than expected, registering 14.03% in November, the highest level since August 2019 due to the drop in the lira, which remains on the pressures urging monetary policy tightening after a big interest rate hike last month. On a monthly basis, consumer prices increased 2.30% …

Retail Sales both in the Eurozone and the European Union increased by 1.5% on a monthly basis in October, the data published by the Eurostat showed on Thursday. This reading followed September’s contraction of 1.7% and beat the market expectation of +0.8%.

Oil prices rose Thursday, December 3, after a dispute erupted between two producers, including Saudi Arabia and Russia, over the need to extend the deadline for record production cuts that began during the first wave of the Covid-19 pandemic. Brent crude rose 21 cents, or 0.4%, to $48.46 a barrel …

OPEC and Russia will resume talks Thursday (December 3) in an effort to define policies for 2021 after an initial round of discussions this week failed to reach a compromise on how to cope with weak oil demand amid a second wave of the coronavirus pandemic. It was widely expected …

Gold rose Thursday, December 3, to its highest level in more than a week, as the dollar fell to its lowest level in several years due to hopes of soon distributing a vaccine for the Coronavirus, while investors continued to follow the developments of the stimulus agreement in the United …

Chinese Caixin Services PMI rose to 57.8 in November from 56.8 in October, the second highest reading since April 2010. Total new business grew in November to the highest level since April 2010, with new export business expanding for the first time in five months. It is reported that the …

Japanese stocks stabilized Thursday, December 3, near a 29-year high, as major countries close to distributing coronavirus vaccines, while sentiment also received support from hopes for more stimulus. Nikkei ended the session modestly gaining 0.03% at 26,809.37, but held near its highest level since April 1991, while the broader Topix …

The movements of the German DAX index witnessed a slight bearish bias during the previous trading session, finding a good support floor around 13,250. Technically, the simple moving averages are still trying to push the price higher on the 4-hour time frame with positive signals from RSI on the short …

The Dow Jones Industrial Average maintains the gradual upward trend, approaching the first target mentioned in the previous report, located at 29,960, recording its highest levels at 29,937. On the technical side, with the index consolidating above the 29,730/29,710 support floor, accompanied by positive signs of RSI. Therefore, we maintain …

The pound showed a positive trade against the Japanese yen, maintaining a gradual rise to the upside, approaching a few points difference from goal of 140.60, posting a high of of 140.45. Technically, we see the price is stable above 139.30, and the RSI indicator is stable above the middle …