The Eurozone Harmonised Index of Consumer Prices (HICP) rose by 2.4% on an annual basis in November, marking a decrease from October’s 2.9% increase, according to official data published by Eurostat on Thursday. This figure fell short of market expectations, which anticipated a 2.7% print. In November, Core HICP inflation …
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The dollar rose from its lowest level in three months on Thursday, but it is still on track to record the largest monthly decline in a year, as investors increase bets that the Federal Reserve (the US central bank) has finished raising interest rates, before the release of a decisive …
Read More »Oil is stable as the market awaits the OPEC+ meeting
There was little change in oil prices on Thursday, as investors continued to remain cautious ahead of expected production cuts from the OPEC+ alliance, while Chinese factory data showed slowing growth in the world’s second-largest economy. By 0740 GMT, Brent crude futures increased 13 cents, or 0.2 percent, to $83.23 …
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European stocks rose on Thursday, led by mining and energy stocks, as investors awaited headline inflation levels in the United States and the euro zone that could support expectations of global interest rates peaking. The European STOXX 600 index rose 0.1 percent by 0810 GMT, achieving its largest monthly gain …
Read More »Turkish Finance Minister: Economic growth will slow in the coming period
Turkish Finance Minister Mehmet Simsek said that the data released on Thursday showed that the Turkish economy grew by 5.9 percent in the third quarter, which is more than expected, and is encouraging, but this growth will slow in the coming period. “Economic growth is strong and this is encouraging,” …
Read More »Gold consolidates ahead of US inflation test
Gold prices steadied on Thursday and moved in a narrow range, hovering near the highest level in nearly seven months, with investors awaiting a key reading on inflation to determine whether US interest rate cuts will come sooner than expected. By 0543 GMT, gold in spot transactions fell 0.1 percent …
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