There were 840,000 initial claims for unemployment benefits in the US during the week ending October 3rd, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed last week’s print of 849,000 (revised from 837,000) and came in slightly worse than the market expectation …

Highlights of the speech of the BoC Governor Tiff Macklem on Thursday as follows “We came into the pandemic with a number of vulnerabilities; it seems certain we will exit pandemic with higher levels of government debt.”“Our policy path will eventually have an impact on financial system vulnerabilities; lower-interest-rate environment …

OPEC’s report on oil outlook up to 2045 revealed that the Corona pandemic caused the largest decline in oil demand in history, and that the global economy will shrink by about 4% this year, while the report confirmed that oil will remain the largest component of the energy mix in …

The Norwegian Oil and Gas Union said Thursday (October 8th) that the current shutdown in production due to the ongoing strike in the oil and gas sector will increase to 966,000 barrels of oil equivalent per day by October 14 unless a solution to the crisis is found for the …

Following the conclusion of the Bank of England (BOE) Financial Policy Committee (FPC) meeting on Thursday, the central bank released a statement, with the key points found below. The UK authorities and financial sector have measures in place to limit disruption to financial services at the end of the transition …

German exports increased for the fourth month in a row and more than expected in August, boosting hopes of a strong recovery for Europe’s largest economy in Q3 after the shock of the Corona pandemic earlier this year. The Federal Statistics Office said exports, adjusted for seasonal factors, rose 2.4% …

France’s central bank said Thursday that the country’s economy expanded 16% in Q3, after an unprecedented 13.8% decline in the previous three months, confirming earlier forecasts. The second-largest economy in the eurozone fell sharply into recession in Q2 after imposing a set of strict lockdown measures in Europe to limit …

European stocks resumed their gains Thursday, approaching more than a three-week high, thanks to expectations of a targeted US stimulus package as well as positive corporate reports. The pan-European STOXX 600 index rose 0.7% by 0707 GMT, with travel, entertainment, industry and chemicals leading the gains. Wall Street indices rose …

Gold prices rose slightly Thursday, supported by the decline of the dollar and renewed optimism about some aid to mitigate the repercussions of the Corona pandemic in the United States, while investors awaited the weekly jobless claims data to gauge the strength of the world’s largest economy. Spot gold prices …

Oil prices rose Thursday as workers in the oil sector evacuated platforms in the Gulf of Mexico in the United States before Hurricane Delta, but fears of fuel demand continued due to the dissipation of the prospects of a US stimulus agreement and after an increase in US crude stocks. …