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British Prime Minister Boris Johnson said on Friday that it is now the time for the businesses in the UK to get ready for an Australia-type deal with the European Union. “Given the EU have refused to negotiate seriously, I have concluded we should get ready for an Australia-style deal,” …

Data showed that European car sales rose slightly in September, the first increase this year, indicating a recovery in the auto sector in some European markets, as Coronavirus cases decreased. Statistics from the European Automobile Manufacturers Association (ACEA) in September showed that sales of new cars rose 1.1% Y-o-Y to …

There were 898,000 initial claims for unemployment benefits in the US during the week ending October 10th, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed last week’s print of 845,000 (revised from 840,000) and came in worse than the market expectation of …

The headline General Business Conditions Index of the NY Fed’s Empire State Manufacturing Survey declined to 10.5 in October from 17 in September. This reading missed analysts’ estimate of 15. “36% of respondents reported that conditions had improved over the month, while 25% reported that conditions had worsened.” “The new …

The UK government has imposed tougher restrictions on London to try to stop the spread of the Coronavirus. The UK capital will move to the so-called “high” alert level as of midnight Friday, up from the current “medium” alert level. This means that millions of people in the richest city …

The Producer Price Index (PPI) in the US for final demand ticked higher to 0.4% on a monthly basis in September from 0.3% in August, the data published by the US Bureau of Labor Statistics showed on Wednesday. On a yearly basis, the PPI rose to 0.4% from -0.2% and …

Consumer prices in the United States rose in September for the fourth month in a row but at a slower pace amid noticeable weakness in the economy as it gradually recovered from recession due to the Covid-19 pandemic. The US Labor Department said on Tuesday that its consumer price index …

The German ZEW headline numbers for October showed that the Economic Sentiment Index came in at 56.1 versus 73.0 expectations and 77.4 last. While the sub-index Current Conditions figure arrived at -59.5 in Oct versus -60.0 expected and -66.2 booked previously. Meanwhile, the Eurozone ZEW Economic Sentiment for Oct stood …

The number of active US oil rigs decreased by 4 to 193this week, according to data by Baker Hughes.  The total active U.S. rig count, meanwhile, was up 3 to 269, according to Baker Hughes. This week’s rig count was 587 rigs, or 69%, below this time last year. U.S. …

There were 840,000 initial claims for unemployment benefits in the US during the week ending October 3rd, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed last week’s print of 849,000 (revised from 837,000) and came in slightly worse than the market expectation …