The UK Gross Domestic Product (GDP) monthly release showed on Wednesday that the economy returned to a contraction in August, arriving at -0.3% vs. 0% expectations and 0.2% previous. Meanwhile, the Index of services (August) came in at -0.1% 3M/3M vs. 0.2% estimate and -0.2% prior. The Cable remains little …

Oil prices fell for the third consecutive session on Wednesday as the dollar strengthened and investors prepared to receive US inflation data amid concerns about fuel demand raised by the risks of a global recession and the tightening of Covid-19 restrictions in China. By 0410 GMT, Brent crude futures fell …

Most of the global stock indices declined due to the escalation of political tensions and fluctuations in some commodities and currencies traded in global markets. The performance of European stock indices declined significantly, affected by political tensions and the emergency meeting of the Group of Seven that was announced yesterday, …

Oil prices fell more than 2% on Tuesday, extending losses of about 2% also in the previous session, as fears of a global recession and an increase in Corona virus infections in China exacerbated concerns about slowing global demand. World Bank President David Malpass and International Monetary Fund Managing Director …

The dollar climbed back to September’s highest levels in years on Tuesday, as investors worried about rising interest rates and geopolitical tensions, while the Japanese yen fell close to the level that called for intervention last month. Strong US labor market data and expectations of continued inflation expected to be …

Japanese stocks posted their worst daily performance on Tuesday in more than two weeks as index-heavy tech stocks fell after a sell-off in global markets. Still, travel-related stocks rose when Japan reopened its borders to regular tourism. The Nikkei index fell 2.64 percent after returning to trading from the weekend, …

Gold prices fell slightly on Tuesday, weighed by gains in the dollar amid expectations of further interest rate hikes, while caution prevailed ahead of key inflation data due later this week. Spot gold prices fell 0.1% to $1,665.89 an ounce by 0612 GMT, after touching the lowest level since October …

Coronavirus cases are increasing across China, prompting many local authorities to tighten control over movement. According to a model from Nomura, about 4.8% of China’s GDP was negatively affected by COVID controls as of Monday, October 10. This is up from 4.3% last week. According to official announcements, three districts …

Oil prices fell on Tuesday, extending losses of about two percent in the previous session, as a stronger dollar and an increase in coronavirus infections in China led to fears of slowing global demand. By 0342 GMT, Brent crude futures fell 27 cents, or 0.3 percent, to $ 95.92 a …

Oil, Crude, trading