After 35 hours of consultations, the German Gas Committee on Monday presented its statement to the German government regarding its recommendations for the terms of the gas price support program in Germany. The committee’s statement addressed the following points: The cost of the proposed gas price support package is estimated …

Data on Monday, October 10 showed that Turkey’s unemployment rate fell 0.4 percentage points month-on-month to 9.6% in August, while the seasonally adjusted underutilization of the labor force fell to 19.8%. The rate of incomplete exploitation of the labor force, which amounted to 22.4% in July, has taken a downward …

The dollar rose slightly on Monday as investors awaited this week’s inflation data, which is expected to show that price pressures remain strong. Meanwhile, the British Pound fell for the fourth consecutive session even after the Bank of England extended its support to the markets. US data on Thursday is …

European shares fell for a fourth consecutive session Monday, October 10, as investors worried about the impact of rising tension between Ukraine and Russia and central banks’ determination to curb inflation on economic growth and corporate profits. The pan-European Stoxx 600 index was down 0.6% by 0708 GMT, its lowest …

Gold prices fell to their lowest level in a week on Monday, after US jobs data reinforced expectations that the Federal Reserve will continue to raise interest rates sharply. Spot gold prices fell 0.5% to $1,686.55 an ounce by 0623 GMT, after hitting its lowest level since October 3. US …

Oil prices fell on Monday from five-week highs as the market took profits following strong gains last week amid expectations of tight supplies after the OPEC+ decision to cut production and before the European Union imposed a ban on Russian oil. Brent crude futures fell 81 cents, or 0.8 percent, …

The Unemployment Rate in Canada declined to 5.2% in September from 5.4% in August with the Net Change in Employment coming in at 21.1K, slightly better than the market expectation of 20K, the data published by Statistics Canada showed. The Canadian dollar managed to stay resilient against the greenback, which …

Nonfarm Payrolls in the US rose by 263,000 in September, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading followed August’s increase of 315,000 and came in better than the market expectation of 250,000. Further details of the report revealed that the Unemployment Rate …

Oil prices rose on Friday and headed for gains for the second week in a row, supported by the decision of OPEC + to make the largest supply cut since 2020, despite concerns about a recession and higher interest rates. The cut decided by the OPEC + cartel, which includes …

Japanese technology stocks fell Friday, October 7, as Sharp Corp and other concerns about the sector’s future were hurt, after warning signs from abroad from Advanced Micro Devices and Samsung Electronics. In contrast, travel-related stocks – including airlines, rail operators and supermarkets – rose before borders reopen next week to …