The German Factory Orders increased in November, suggesting that the manufacturing recovery in Europe’s gaining some momentum. Contracts for goods ‘Made in Germany’ came at +2.3% m-o-m vs -1.2% expected and +3.3% previous, the latest data published by the Federal Statistics Office showed on Thursday. On an annualized basis, Germany’s Industrial …
Read More »US Private Sector Employment Declines by 123K in December
Employment in the US’ private sector decreased by 123,000 in December, the monthly data published by the Automatic Data Processing (ADP) Research Institute revealed on Wednesday.
Read More »Bitcoin Soars Above $35,000, Hitting New High
Bitcoin traded as high as $35,000 for the first time during the Asian session on Wednesday, rising to its highest level at $ 35,879, extending its rise by more than 800% since mid-March. The world’s most popular cryptocurrency crossed $ 20,000 for the first time ever on December 16.
Read More »Britain Postponing Second Dose of Corona Vaccine
The British government has recommended giving a second dose of the vaccine with a gap of 12 weeks instead of two weeks, in an effort to give more people a first dose and some initial protection against Covid-19. Accordingly, BioNTech and Pfizer responded to the decision, saying that there is …
Read More »US: Weekly Initial Jobless Claims Decline to 787K
There were 787,000 initial claims for unemployment benefits in the US during the week ending December 26, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 806,000 and came in better than the estimate of 833,000.
Read More »EU Commission Regrets US Decision to Extend Tariffs on EU products
The European Commission said on Thursday that it regrets the United States’ decision to extend tariffs to further European products, as reported by Reuters. “The US action disrupts negotiations to find a settlement to aircraft subsidy dispute,” the EU Commission further noted
Read More »US Oil Stockpiles Down 6.1 M Barrels in Week
Crude oil inventories in the United States declined by 6.1 million barrels last week, according to the weekly report by the U.S. Energy Information Administration (EIA).
Read More »Bitcoin Reaches a New Record Level And Rises During 2020 by About 300%
Bitcoin hit a record $ 28,599.99 on Wednesday, December 30, bringing its gains this year to more than 295%. And the most popular cryptocurrency in the world rose in recent transactions 3.5% to $ 28,349. Since it broke the $ 20,000 level for the first time on Dec. 16, it …
Read More »API: Oil inventories record a greater than expected drop last week
Data from the American Petroleum Institute showed, Tuesday, that crude oil inventories in the United States fell more than expected last week, while gasoline and distillate stocks recorded a decrease, contrary to expectations. The data indicated that crude inventories fell by 4.8 million barrels in the week ending on the …
Read More »Turkish Lira is at Its Highest Level Since September 3
The Turkish lira rose by nearly 1% against the dollar to its highest level since September 3, continuing the gains that followed the country’s central bank hike of the main interest rate last week. The lira stood at 7.38 against the US Dollar in lackluster trading due to year-end holidays, …
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