The United States public budget deficit registered $144 billion during December of 2020, according to data by the U.S. Department of the Treasury released on Wednesday. The budget deficit compared with about $13 billion for the same period of 2019. It is worth noting that the surge in the deficit …

European stocks rose on Wednesday, supported by the rollout of Coronavirus vaccines and the effectiveness of preventive measurements against the pandemic’s new wave. The pan-European STOXX 600 index finished higher by 0.17%. The French index CAC40 closed higher by 0.21%, while the German benchmark index DAX rise by 0.11%. Meanwhile, …

The U.S. Dollar (USD) is rising on Wednesday, after closing Tuesday on a lower note, and following the release of the consumer price index update. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six international rivals, is up by 0.31% at 90.37, noting that it …

The United States House of Representatives is going through on Wednesday with impeachment procedures against President Donald Trump. This would be the first time in U.S. history that a president is impeached twice. It has been reported that some Republicans in the House are set to vote in favor of …

Crude oil inventories in the United States decreased by 3.2 million barrels last week, according to the U.S. Energy Information Administration’s (EIA) weekly report released on Wednesday.

Consumer prices in the United States rose in December on the back of a surge in gasoline prices, data showed on Wednesday. The official reading of the consumer price index (CPI) showed an increase of 0.4% in December, following a 0.2% rise in November, according to data by the U.S. …

The United States Federal Reserve now has a clearer focus on the American economy’s path to recovery, Reuters reported, citing official sources. There is also optimism that the peaceful transition of power to a new administration on January 20 will help increase government stimulus and the distribution of vaccines, which …

Crude oil inventories in the United States declined by 5.8 million barrels last week, according to the weekly report from the American Petroleum Institute (API). Meanwhile, gasoline stockpiles rose by 1.9 million barrels, while distillate inventories added 4.4 million barrels.

Treasury yields in the United States stabilized on Tuesday, amid increased investors demand after yields rose to their highest levels since March of last year. Return on the 10-year Treasury note remained nearly unchanged at 1.136%. Earlier, it rose to 1.185%. Yield on the 30-year bond rose by 0.3 basis …

Oil prices rose on Tuesday, supported by the decline of the U.S. Dollar (USD) and the recent OPEC+ agreement to curb output during February. Crude prices were able to log high gains and reach their best settlement level in about 11 months. Brent crude futures for March delivery added 92 …