The United States Federal Reserve has decided as expected to maintain interest rates near 0% during its two-day meeting that concluded on Wednesday. The Fed policy statement noted that policymakers are committed to maintaining asset purchases at at least $120 billion per month.
Read More »Eurozone Flash Manufacturing PMI Comes in at 55.5 For December
The Eurozone flash Manufacturing PMI arrived at 55.5 in December compared to 53 expected, while the Eurozone Services Purchasing Managers’ Index reached 47.3 in December, compared to 41.9 expected.
Read More »IEA: The Impact of Corona Vaccines on Global Demand Will Take Several Months
The International Energy Agency has warned that the start of vaccination campaigns to prevent Coronavirus this month will not quickly reflect the devastation inflicted on global oil demand. “The understandable euphoria around the start of vaccination programmes partly explains higher prices but it will be several months before we reach …
Read More »US Health Secretary: We Will Approve The Pfizer Vaccine Within Days
US Secretary of Health and Human Services Alex Azar said today, Friday, that the United States will approve the use of the Pfizer vaccine to protect against Covid-19 within days, and that the first group will be vaccinated, perhaps Monday or Tuesday. The US Food and Drugs Administration has accelerated …
Read More »US Annual Core CPI Stays Unchanged in November
Inflation in the US, as measured by the Consumer Price Index (CPI), was 0.2% in November, the report published by the US Bureau of Labor Statistics showed on Thursday. On a yearly basis, the CPI stayed unchanged at 1.2%. Further details of the publication showed that the Core CPI, which …
Read More »BoC Maintains Interest Rates
The Bank of Canada (BoC) maintained its target for the overnight rate at the effective lower bound of 0.25%, with the Bank Rate at 0.5% and the deposit rate at 0.25%.
Read More »US Oil Inventories Up 1.1 M Barrels – API
Data by the American Petroleum Institute (API) showed on Tuesday that crude oil inventories in the United States increased by 1.1 million barrels last week. Meanwhile, gasoline stockpiles grew by 6.4 million barrels, and distillate inventories rose by 2.3 million barrels.
Read More »Annual GDP in Eurozone Contracts by 4.3% in Q3
The seasonally adjusted Gross Domestic Product (GDP) expanded by 12.5% in the third quarter in the euro area, the data published by the Eurostat showed on Tuesday. On a yearly basis, the euro area GDP contracted by 4.3% in Q3 and came in slightly better than the market expectation for …
Read More »EU Commission: Brexit Talks Can Continue After Transition Period Ends
A spokesperson for the European Commission said on Tuesday that they are not excluding that Brexit talks can continue after the transition period ends, as reported by Reuters.
Read More »UK Vaccination Programme Getting Under Way
The process of vaccination against the Coronavirus officially began in Britain, after the authorities allowed the use of Pfizer and Biontech vaccine a week ago, thus becoming the first in-country in Europe to start mass vaccination of the people in what was called a critical turning point in eliminating the …
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