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November, 2020

  • 26 November 2020 12:11 pm

    Oil at Its Highest Level Since March as Eyes Heading Towards OPEC+ Meeting

    Oil continues the series of gains in recent days, which pushed it to its highest level since March, and the sector is looking forward to an OPEC+ meeting at the end of November to discuss increasing production by two million barrels from January.

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  • 26 November 2020 11:35 am

    British Car Production Down 18% in October

    The Society of Motor Manufacturers and Traders in Britain said that Britain’s production of cars fell at an annual rate of 18.2% in October, as the Coronavirus pandemic and lockdown measures continued to affect demand. October’s performance rounds off an “extremely tough” 10 months for UK carmakers and suppliers, with …

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  • 26 November 2020 10:39 am

    Australia’s Private Capex Misses Estimates With -3% in Q3

    Australia’s Private Capital Expenditure fell more-than-expected in the third quarter, the latest data published by the Australian Bureau of Statistics (ABS) showed on Thursday. Total new capital expenditure fell by 3% in the September quarter 2020 vs. -1.5% expectations and a 5.9% slump witnessed in the June quarter.

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  • 26 November 2020 10:10 am

    The Nikkei is Down 0.16% in Early Trading in Tokyo

    The Nikkei index fell in early trading in Tokyo on Thursday. The Nikkei slipped 0.16% to 26,255.47 points, while the broader Topix index fell 0.39% to 1760.86 points.

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  • 26 November 2020 3:27 am

    Minutes: Fed Could Expand Bond-Buying Program

    The United States Federal Reserve Board and the Federal Open Market Committee (FOMC) on Wednesday released the minutes of the committee meeting held on November 4-5. Policymakers have discussed in their most recent meeting potential adjustments to the asset purchase program, as shown by the minutes released on Wednesday. The …

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  • 26 November 2020 3:04 am

    Oil Maintains Gains at Highest Level Since Early March

    Oil prices continued to rise on Wednesday, reaching their highest level in about nine months. Brent crude futures for January delivery increased by 75 cents, or 1.6%, to finish at $48.61 per barrel. The West Texas Intermediate (WTI) crude futures for January delivery gained 80 cents, or 1.8%, to close …

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  • 26 November 2020 1:43 am

    Gold Attempts Recovery with Marginal Gains

    After consecutive declines this week, gold prices rose on Wednesday, but remain far from their level prior to the recent correction wave. Gold futures for December delivery gained 90 cents, or less than 0.1%, to close at $1,805.50 per ounce. Meanwhile, silver futures for December delivery added 6.2 cents, or …

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  • 26 November 2020 12:50 am

    US Home Prices Accelerate in September

    Home prices in the United States rose during September, according to recent data. The S&P CoreLogic Case-Shiller National Home Price Index surged by 7% during the fiscal year that ended in September, up from a 5.8% annual rate in August. This is the highest annual rise in the index since …

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  • 26 November 2020 12:20 am

    US Consumer Spending Rises While Incomes Decline

    Household spending in the United States increased more than what was expected during the month of October, data by the US Department of Commerce showed on Wednesday. Purchases increased by 0.5% on a monthly basis, after rising by 1.2% in September. Meanwhile, personal incomes declined by 0.7%.

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  • 25 November 2020 10:54 pm

    European Stocks Close Nearly Unchanged

    European stocks closed Wednesday nearly unchanged, after achieving recent gains on restored political certainty in the US and positive news about Coronavirus vaccines, despite the surge in new cases and lockdown measures across the continent. The STOXX Europe 600 index finished marginally lower by 0.056%. In the UK, the FTSE100 …

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  • 25 November 2020 9:17 pm

    US Crude Oil Inventories Decline Unexpectedly

    Crude oil inventories in the United States declined last week, against market expectations, data by the U.S. Energy Information Administration (EIA) showed on Wednesday. A decline of 800,000 barrels in the week that ended on November 20 means that crude stockpiles now stand at 488.7 million barrels. Meanwhile, gasoline inventories …

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  • 25 November 2020 6:06 pm

    US: Trade Deficit Widens to $80.3 Billion in October

    The United States’ goods and services deficit rose by $0.9 billion to $80.3 billion in October from $79.4 billion in September, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis showed on Wednesday.

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  • 25 November 2020 5:47 pm

    US Initial Jobless Claims Climb to 778K

    There were 778,000 initial claims for unemployment benefits in the US during the week ending November 21, the data published by the US Department of Labor (DOL) revealed on Wednesday. This reading followed last week’s print of 748,000 (revised from 742,000) and came in worse than the market expectation of …

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