Gold prices rose Thursday, November 26, supported by the dollar’s decline, as investors bet that the disappointing US jobs data and the increase in Covid-19 cases around the world are prompting the authorities to announce more stimulus measures. Spot gold rose 0.2% to $ 1809.61 an ounce. US gold futures …
Read More »Oil at Its Highest Level Since March as Eyes Heading Towards OPEC+ Meeting
Oil continues the series of gains in recent days, which pushed it to its highest level since March, and the sector is looking forward to an OPEC+ meeting at the end of November to discuss increasing production by two million barrels from January.
Read More »British Car Production Down 18% in October
The Society of Motor Manufacturers and Traders in Britain said that Britain’s production of cars fell at an annual rate of 18.2% in October, as the Coronavirus pandemic and lockdown measures continued to affect demand. October’s performance rounds off an “extremely tough” 10 months for UK carmakers and suppliers, with …
Read More »Australia’s Private Capex Misses Estimates With -3% in Q3
Australia’s Private Capital Expenditure fell more-than-expected in the third quarter, the latest data published by the Australian Bureau of Statistics (ABS) showed on Thursday. Total new capital expenditure fell by 3% in the September quarter 2020 vs. -1.5% expectations and a 5.9% slump witnessed in the June quarter.
Read More »The Nikkei is Down 0.16% in Early Trading in Tokyo
The Nikkei index fell in early trading in Tokyo on Thursday. The Nikkei slipped 0.16% to 26,255.47 points, while the broader Topix index fell 0.39% to 1760.86 points.
Read More »US: Trade Deficit Widens to $80.3 Billion in October
The United States’ goods and services deficit rose by $0.9 billion to $80.3 billion in October from $79.4 billion in September, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis showed on Wednesday.
Read More »US Initial Jobless Claims Climb to 778K
There were 778,000 initial claims for unemployment benefits in the US during the week ending November 21, the data published by the US Department of Labor (DOL) revealed on Wednesday. This reading followed last week’s print of 748,000 (revised from 742,000) and came in worse than the market expectation of …
Read More »US Real GDP Expands by 33.1% in Q3
The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 33.1% in the third quarter, the US Bureau of Economic Analysis’ second estimate showed on Wednesday. This reading matched the initial estimate but came in lower than the market expectation of 33.2%.
Read More »US: Durable Goods Orders Rise by 1.3% in October
Durable Goods Orders in the United States expanded by 1.3%, or $3 billion, on a monthly basis to $240.8 billion in October following September’s increase of 2.1% (revised from 1.9%), the US Census Bureau reported on Wednesday. This reading beat the market expectation of 0.9%.
Read More »UK PM Johnson: We’ll Only be Able to Make Progress if EU Accepts We Need to Control Waters
British Prime Minister Boris Johnson reiterated on Wednesday that the UK’s position on fisheries hasn’t changed. “We’ll only be able to make progress in the European Union accepts we need to control waters,” Johnson added. “The government is taking tough decisions now to allow the economy to bounce back.” Johnson …
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