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The US Bureau of Economic Analysis released the final US GDP report this Thursday and confirmed that the world’s largest economy expanded at an annualized pace of 6.6% during the April-June period. The reading matched the Preliminary estimate and market expectations.

Oil prices were mixed, as sales that were boosted by an unexpected increase in crude inventories in the United States eased, while analysts expect that the supply may not meet the recovering demand. Brent crude fell eight cents to $78.56 a barrel, after falling 0.6 percent on Wednesday. US crude …

GBP/USD has tumbled under 1.35, extending its rapid decline. The currency pair hast hit a low of 1.3473, a level last seen in January. The US dollar index continues to rise on Wednesday, for the fourth consecutive day. The dollar index was able to reach its levels during 2021 thanks …

Former Japan’s ruling Liberal Democratic Party (LDP) policy Chief Fumio Kishida outpaced popular reformer Taro Kono and won the party leadership vote after a run-off race. Kishida will succeed outgoing Prime Minister Yoshihide Suga, the announcement will be made on Monday, October 4. Kishida secured 257 votes when compared to …

There were 351,000 initial claims for unemployment benefits in the US during the week ending September 18, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 335,000 (revised from 332,000) and came in worse than the market expectation of …

The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% and kept the Asset Purchase Facility steady at £895 billion at the end of September policy meeting, as was widely expected.

The Federal Open Market Committee (FOMC) announced on Wednesday that it left the benchmark interest rate, the target range for federal funds, unchanged at 0%-0.25% as widely expected. In its policy statement, the Fed noted that if progress continues toward employment and inflation goals broadly as expected, a moderation in …

UAE Minister of Energy Tuesday, September 21, said that low gas prices are not sustainable, stressing that the recent increase occurred because of the key factors of the market, in addition to the lack of investment in the sector. Minister Suhail Al Mazrouei said at a sector conference in Dubai …

Two sources from the group of OPEC+ oil producers told Reuters that the group’s commitment to production cuts increased to 116 percent in August from 109 percent in July.

Retail Sales in the US rose by 0.7% on a monthly basis in August, the data published by the US Census Bureau revealed on Thursday. This print surpassed the market expectation for a decrease of 0.8% by a wide margin.