European stocks finished Tuesday higher, supported by optimism about the new Coronavirus vaccines. The STOXX Europe 600 index rose by 0.35%. Meanwhile, the UK’s FTSE100 declined by 0.28%, amid anticipation for the outcomes of Brexit trade talks. In France, the CAC40 index gained 0.18% to close at 5,537.8. The German …
Read More »US Manufacturing Output Rises in November
Manufacturing output in the United States grew by 0.8% in November, according to data by the Federal Reserve on Tuesday. The October reading was revised up to a 1.1% increase, up from a previously estimates 1%. The increase is largely thanks to the surge in the production of motor vehicles …
Read More »Canada’s Manufacturing Sales Increase in October
Manufacturing sales in Canada increased by 0.3% to $54.1 billion in October, data by Statistics Canada showed on Tuesday. The September reading was revised to show a rise of 2.2%, compared with a previous estimate of a 1.5% increase. On an annual basis, manufacturing sales declined by 5.2%. The rise …
Read More »US Import Prices Rise in November
The price of import prices in the United states rose by 0.1% in November, according to data by the US Department of Labor on Tuesday. This comes following a decline of an equal value during October. On an annual basis, import prices decreased by 1%, repeating the reading of the …
Read More »US: Industrial Production Rises by 0.4% in November
Industrial Production in the United States expanded by 0.4% on a monthly basis in November, the US Federal Reserve reported on Tuesday. This print followed October’s increase of 0.9% and came in slightly better than the market expectation of 0.3%.
Read More »Euro Rising as US Dollar Negatively Affected by US stimulus Bets, Pound Falls
The euro held on to its gains on Tuesday, December 15th, as it hovered close to its highest level in two and a half years as investors ignored new general isolation measures to combat Covid-19 virus and focused on the possibility of applying more US stimulus, which would negatively affect …
Read More »UK PM Johnson’s spokesman: PM Restated to cabinet No-Trade Deal Was Most Likely Outcome
British Prime Minister Boris Johnson’s spokesman said on Tuesday that the PM has reemphasised to his cabinet his desire to reach a trade deal with the European Union but not at any cost, per Reuters. “The PM restated to the cabinet that a no-trade deal was the most likely outcome,” …
Read More »Oil Surpasses $50 And Optimism About a Vaccine Overshadows Fears of Isolation Measures
Oil prices rose above $50 on Tuesday (December 15th), as the start of Coronavirus vaccination campaigns favored the tightening of general isolation measures in Europe and expectations of a slower recovery in demand. The United States began vaccination campaigns on Monday, while the deaths due to the pandemic exceeded 300,000. …
Read More »EU to Approve Pfizer’s COVID-19 Vaccine on December 23
The European Medicines Agency is expected to approve the coronavirus vaccine developed by Pfizer and BioNTech on December 23rd, Reuters reported on Tuesday, citing a German government source.
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 …
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