The Reserve Bank of Australia (RBA) board members decided, on Tuesday, to leave the official cash rate (OCR) unchanged at a record low of 0.10% during their December monetary policy meeting.The board decided to maintain the interest rate on exchange settlement balances at zero percent. The board decided to continue …

The Bank of Canada is expected to keep the major part of focused spotlight on inflation at its policy decision, as the country’s central bank is about to encounter an aggressive campaign in favour of interest rate hikes. Policy makers led by Governor Tiff Macklem are unlikely to raise their …

In its monthly Short Term Energy Outlook (STEO) report, the US Energy Information Administration has raised its forecast for 2022 world oil demand growth by 200000 barrels per day (BPD).This data was released on Tuesday, and now demand growing 3.55M BPD YoY next year. The EIA STEO cut its forecast …

White House economist believes that inflation is falling by about half and admits that the pandemic has challenged economic forecasting as the Federal Reserve targets inflation at 2%. Existing vaccine protections should help the United States to largely power through the emergence of the omicron coronavirus variant and avoid additional …

Optimism about the U.S. economy registered its biggest bounce in more than a year in December, after sinking to COVID-era lows a month earlier.The IBD/TIPP Economic Optimism Index, an early monthly read on consumer confidence, jumped 4.5 points to 48.4. Still, the index remained in modestly pessimistic territory. Readings above …

The Dow Jones Industrial Average rallied 400 points early Tuesday, as the stock market began to add to Monday’s strong gains. Traders and investors suggest that Monday marked Day 1 of a new rally attempt on the Nasdaq.Apple has touched fresh highs, while Tesla stock rebounded from a critical support …

After touching one-year low on Monday, the NZD/USD achieved a notable comeback on Tuesday during the New York trading session.The pair is trading now around 0.6772. The market sentiment is positive, as can be concluded by a quick look at the performance of the global shares markets, which are reaping …

Ivey PMI, which is released by the Richard Ivey School of Business on a monthly basis and depicts the business conditions outlook in Canada, has remained at 61.2 in November after also posting the same reading 61.2 in October.As with other PMI indicators, a result above 50 is generally associated …

Officials from some US banks on Tuesday said that there are real concerns about the impact of higher inflation, adding pressure on the Federal Reserve to implement plans to slow down the pace of its tapering at a faster pace.The International Monetary Fund last week warned of intensifying inflationary pressures, …

Shares of the COVID-19 vaccine makers Pfizer, Ocugen, and Vaxart are all moving in the negative direction on Monday. Specifically, Pfizer’s stock is down by approximately 4%, Ocugen’s equity is in the red by 5.64%, and Vaxart’s shares are underwater by a hefty 8.7%, as of 12:23 p.m. ET Monday …