The Japanese yen fell again to a three-week low on Tuesday as traders assessed moves announced last week by the Bank of Japan to adjust its yield curve control policy, while the Australian dollar fell ahead of the Reserve Bank of Australia’s interest rate decision. The yen has been on …
Read More »Oil stabilizes near its highest level in 3 months, amid indications of declining supplies
Oil prices changed little on Tuesday and remained hovering near a three-month high reached on Monday amid signs of declining global supplies due to production cuts by producing countries and strong demand in the world’s top fuel consumer, the United States. By 0135 GMT, Brent crude futures were at $85.30 …
Read More »Positive data from Euro area
Positive data from the Eurozone showed a growth in the GDP in the first reading of the second quarter at 0.6%, and a slowdown in inflation to levels of 5.3% in July. The Eurozone has been battling high inflation for the past year, which has prompted the European Central Bank …
Read More »Nikkei rose to the highest level in 4 weeks
Japan’s Nikkei index rose on Monday to a four-week high, amid an improvement in investor sentiment on the back of calm in the bond market after the Bank of Japan’s sudden policy adjustment and optimism over slowing inflation in the United States. The results of some companies led to an …
Read More »European stocks fell ahead of Eurozone inflation data
European stocks fell on Monday ahead of data expected to show inflation slowing in the euro zone in July, likely supporting expectations that the European Central Bank will keep interest rates unchanged in September. The pan-European Stoxx 600 index fell 0.1% by 0714 GMT, but looked set to record gains …
Read More »Goldman Sachs adjusts its forecast for oil demand upwards
Goldman Sachs revised upward its forecast for global oil demand for this year, but kept its 12-month Brent crude price forecast at $93 a barrel, as increased inventories offset the support demand received from ebbing pessimism about the growth outlook. Goldman Sachs analysts estimated a jump in global oil demand …
Read More »Oil is heading for its biggest monthly gain in more than a year
Oil prices hovered near a three-month high on Monday and were on track for their biggest monthly gain in more than a year amid expectations that Saudi Arabia will extend voluntary output cuts into September and global supplies tighten. By 0005 GMT, Brent crude futures fell 9 cents to $84.90 …
Read More »Russia is preparing to use the ruble to settle its agricultural exports
Russian Deputy Prime Minister Victoria Abramchenko said Friday (July 28th) that her country will urge buyers of its agricultural exports to pay in rubles instead of dollars as a way to get around Western sanctions. She stated that the government is preparing a draft decree that would enable buyers to …
Read More »The French economy exceeds expectations, recording a growth of 0.5% in Q2
The French economy grew by 0.5% in the second quarter of this year, exceeding expectations, driven by exports while household consumption declined, according to the National Institute of Statistics and Economic Studies. This first estimate of the Institute came higher than the estimated growth forecast of 0.1% for the period …
Read More »European stocks are declining, pressured by mixed corporate results and high bond yields
European stocks retreated on Friday from multi-month highs hit during the previous session, as investors digested a mixed batch of corporate earnings reports and bond yields rose after the Bank of Japan adjusted monetary policy. And by 0716 GMT, the pan-European STOXX 600 index was down 0.3%, having closed on …
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