Sterling fell on Wednesday after a bigger-than-expected rise in consumer price inflation in Britain and fears of a deeper recession in the country fueled expectations that the Bank of England’s November interest rate hike would be less severe. The dollar consolidated at a 32-year high against the yen and rose …

Turkish President Recep Tayyip Erdogan said on Wednesday that he had agreed with his Russian counterpart, Vladimir Putin, to establish a natural gas center in Turkey. Speaking to members of the ruling Justice and Development Party in parliament, Erdogan said that Putin told him that Europe can obtain its gas …

Eurozone’s Inflation surged 9.9% in September, on an annualized basis, according to Eurostat’s final reading of the Eurozone Harmonised Index of Consumer Prices (HICP) report for the month. The reading missed expectations of 10.0% while against the 10.0% previous. Core figures rose by 4.8% YoY, meeting the 4.8% market estimates …

The American Petroleum Institute said that crude oil inventories fell by 1.3 million barrels in the week ending on the fourteenth of October. According to the weekly report of the American Institute, gasoline stocks in the United States decreased by 2.2 million barrels last week, and distillate stocks fell by …

European shares rose on Wednesday as strong financial results for ASML Semiconductor gave a boost to the technology sector and boosted hopes that earnings season will be auspicious. However, the rise was limited due to the still continuing fears of rising inflation and interest rate hikes. ASML shares rose 5.5 …

Japanese stocks closed higher on Wednesday, tracking gains made by Wall Street after US companies reported strong financial results. The Nikkei index rose 0.37 percent and remained significantly higher than a basic sentiment level of 27,000 points throughout the day, without any indications of the volatile trading witnessed in the …

Oil prices rose on Wednesday, recouping losses incurred in the previous session, as investors turned to riskier assets such as commodities amid gains in stock markets and signs of renewed demand in China, the largest oil importer. By 0455 GMT, Brent crude futures for December settlement rose 46 cents, or …

Wholesale gas prices fell in the Netherlands and Britain on Tuesday, affected by lower demand due to warmer-than-normal weather and ample supply amid stable liquefied natural gas shipments. The Dutch gas contract for the month of the nearest maturity for the fifth consecutive trading day fell 13.50 euros to 116.50 …

Lockheed Martin’s third-quarter earnings report indicated that it beat analysts’ expectations. The report was released on Tuesday and the company posted revenue less than expected. Earnings per share amounted to $6.87, while revenues were recorded at $16.60. According to the report, Lockheed Martin shares gained 0.70% to trade at $400.10 …

Oil prices fell on Tuesday, amid fears of slowing economic activity and lower demand for fuel from China, in light of its adherence to its strict policy to contain the Coronavirus known as (Zero Covid). Brent crude futures fell 41 cents, or 0.45 percent, to $91.21 a barrel by 0948 …