Data from the Office for National Statistics in Britain revealed that retail sales grew more than market expectations and recorded a positive reading for the second time in a row, as the retail sales index recorded a growth of 1.4%, compared to market expectations of a growth of about 0.8% …

Oil prices fell on Friday, heading towards a slight weekly loss, with an increase in infections with the new Omicron mutant from the Coronavirus, which reinforced fears of imposing new restrictions that may negatively affect demand for fuel, while the decline in the dollar supported commodity markets on a large …

Gold prices are hovering around the top intraday, up 0.51% on the day near $1,809, as they brace for their biggest weekly jump in six ahead of Friday’s European session On the way to 1928. The yellow metal is cheering for a weak US dollar, buoyed by downbeat Treasury yields, …

The Turkish lira hit a record low against the dollar on Friday, a day after the central bank announced another interest rate cut as part of President Recep Tayyip Erdogan’s economic program. The lira was down 2 percent at 16 per dollar, compared to its close of 15.675 on Thursday. …

Japanese stocks fell on Friday, reversing most of the gains made in the previous session, as investors became cautious about an interest rate hike after the US and UK central banks took steps to tighten monetary policy, while concerns related to the pivot Omicron weighed on travel-related stocks. The Nikkei …

Housing Starts in the US rose by 11.8% on a monthly basis in November after falling at a 3.1% rate in October, data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Thursday. That lifted the 12-month rolling number of Housing …

There were 206,000 initial claims for unemployment benefits in the US during the week ending December 11, data published by the US Department of Labor (DoL) revealed on Thursday. This reading followed last week’s print of 188K (revised up from 184K), which was the lowest reading since 1969, and came …

The European Central Bank announced on Thursday that its Deposit Facility Rate would be left unchanged at -0.50%, as unanimously expected by analysts and market participants. The bank said that progress on the economic recovery and towards its medium-term inflation target permits a step-by-step reduction in the pace of its …

The Bank of England announced on Thursday that it would hike its benchmark interest rate by 15bps at 0.25%. Leading up to the meeting, markets had been pricing a roughly 60% chance of a hike, with these odds rising in wake of Wednesday’s hotter than expected UK November Consumer Price …

The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it lowered its policy (one-week repo) rate by 100 basis points to 14% from 15%. This decision came in line with the market expectation. The Turkish lira fell against the US dollar to a record low this …