Oil prices fell on Friday as the outlook for global demand weakened, as well as the resumption of some Libyan crude oil production. By 1023 GMT, Brent crude futures fell $1.02 to $102.84 a barrel. West Texas Intermediate crude futures fell $1.08 to $95.27 a barrel. Friday’s data revealed that …

The Russian ruble fell above 58 against the dollar on Friday, falling to its weakest point during the morning after the central bank cut interest rates for the fourth time this year by 150 basis points to 8 percent, exceeding expectations. By 1047 GMT, the ruble fell 1.9 percent to …

Japan’s headline inflation gauge rose over the past month, exceeding the 2% target level set by the Bank of Japan. The CPI growth rate, excluding fresh food, accelerated to 2.2% in June annually. This came as energy cost inflation was exacerbated by the weak yen and higher processed food prices. …

The Japanese Nikkei index rose to its highest level in more than 6 weeks at the close on Friday, July 22, supported by gains in growth-related stocks that followed the path of gains on Wall Street in the evening, and the shares of shipping companies, which rose after recording strong …

The dollar rose strongly on Friday, but remained on track for its biggest weekly loss since the end of May after weak US economic data. The euro fell after climbing to a more than two-week high on Thursday when the European Central Bank raised lending costs in its first rate …

The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) dropped to 52.2 in July versus 52.0 expected and 52.8 – June’s final reading. Meanwhile, the Preliminary UK Services Business Activity Index for July arrived at 53.3 when compared to June’s final score of 54.3 and 53.0 expected.

The Ukrainian Government Commissioner for Public Debt Management, Yuri Potsa, said Thursday, July 21, that Kyiv is talking to major international financial institutions about ways to reduce debt payments soon. The comments came a day after Ukraine demanded its international creditors, including Western powers and the world’s largest investment firms, …

Gold prices fell on Thursday to their lowest levels in nearly a year, as prospects for an interest rate hike by major central banks to curb spiralling inflation weighed on the precious metal’s allure. Although gold is considered a hedge against inflation, higher interest rates increase the opportunity cost of …

Christine Lagarde, President of the European Central Bank (ECB), is delivering her remarks on the policy outlook and responding to questions following the bank’s decision to hike key rates by 50 basis points. “Energy costs should stabilise, bottlenecks ease.”“Wage growth has continued to increase gradually, including forward-looking indicator.”“Wage growth is …

There were 251,000 initial jobless claims in the week ending July 16, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 244,000 and came in worse than the market expectation of 240,000. Further details of the publication …