Britain is considering easing travel restrictions for those who have received the two doses of the Covid-19 vaccine, in a move to placate airlines that threaten legal action against the government’s stringent restrictions on travel abroad. Pressure is mounting on the aviation sector, as companies seek to ease restrictions before …
Read More »Eurozone Final CPI Revised Down to 0.3% MoM in May
According to Eurostat’s final reading of the Eurozone CPI report for May, the consumer prices came in at 2.0% on a yearly basis, meeting the flash estimate of 2.0% and 2.0% expectations. While the core figures rose to 1.0%, beating the 0.9% consensus forecasts.
Read More »Switzerland: GDP Growing Sharply in The Short Term
The Swiss National Bank (SNB) gave an optimistic view of the economy in its Financial Stability Report (FSR) published on Thursday. The report indicated that in Switzerland, GDP is growing strongly in the near term and unemployment is declining.” The production capacity has also been untapped for some time.
Read More »Oil Prices Fall Due to The Rise of The US Dollar
Crude oil prices fell on Thursday as the US dollar rose after the Federal Reserve hinted that it may raise interest rates faster than expected, but losses were limited thanks to a significant drop in US crude inventories. Brent crude futures fell 42 cents, or 0.6%, to $73.97 a barrel, …
Read More »Japanese Shares Close Lower Due to The Fed’s Tendency to Tighten Policy
Japanese shares closed lower on Thursday, June 17, as investors sold shares of technology companies and the drugmaker after a weak close on Wall Street after the US Federal Reserve signaled earlier-than-expected interest rate increases, while the financial sector shone with a rise in US Treasury yields. The Nikkei index …
Read More »Britain Records The Highest Daily Death From Corona Cases Since February
Britain recorded the highest daily number of new cases of Coronavirus since February, which increases indications of the spread of a new, highly contagious mutation first discovered in India. The government recorded 9,055 cases of infection, which is the largest number since February 25, and more than a fifth of …
Read More »Gold Rises After Heavy Sales Due to The Tendency of The Fed to Tighten Monetary
Gold prices rose on Thursday, recovering some of the losses incurred in the previous session after the US Federal Reserve hinted that it may raise interest rates earlier than expected. And gold rose in spot transactions 0.5% to $ 1820.34 an ounce (an ounce). US gold futures fell 2.1% to …
Read More »The Turkish Lira Swing Ahead of Rhe Central Turkish Meeting
The Turkish lira traded around 8.5 against the US dollar after a volatile start to the week, amid strained US-Turkish relations and persistent concerns about the central bank’s credibility ahead of Thursday’s policy meeting. Earlier this week, President Recep Tayyip Erdogan reiterated his country’s position on the S-400 missile defense …
Read More »US: Housing Starts Rise by 3.6% in May
Housing Starts in the US rose by 3.6% on a monthly basis in May following April’s drop of 12.1% (revised from -9.5%), the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Wednesday.
Read More »Canada: Annual CPI Rises to 3.6% in May
Annual inflation in Canada, as measured by the Consumer Price Index (CPI), rose to 3.6% in May from 3.4% in April, the data published by Statistics Canada revealed on Wednesday. This reading came in higher than the market expectation of 3.5%. On a monthly basis, the CPI remained steady at …
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