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December, 2020

• 14 December 2020 4:59 pm

  UK PM Johnson’s spokesman: We Remain Hopeful of Reaching an Agreement With The EU

  

  British Prime Minister Boris Johnson’s spokesman said on Monday that it’s still possible that they will not be able to reach a trade deal with the European Union due to remaining gaps, as reported by Reuters. “Time is in very short supply and has been for some time,”.”We remain hopeful …

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• 14 December 2020 4:14 pm

  EU: Industrial Production expanded by 2.1% in October

  

  Industrial Production in the Eurozone rose by 2.1% on a monthly basis in October following September’s modest growth of 0.1%, the data published by the Eurostat showed. This reading came in slightly better than the market expectation of 2%. Further details of the publication revealed that Industrial Production in the …

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• 14 December 2020 3:18 pm

  Extended of Brexit Talks Pushes European Stocks

  

  European stocks rose Monday, December 14th, as the decision to extend trade talks between Britain and the European Union kept hopes for an agreement, but the leading stocks in London were negatively affected by the rise of the British pound and AstraZeneca down by 6.3%. The European Stoxx600 index rose …

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• 14 December 2020 2:17 pm

  Oil Prices Rise With The Increase in Vaccine Hopes And a Tanker Explosion in Saudi Arabia

  

  Oil prices rose on Monday, December 14th, to push Brent above $50 a barrel again thanks to hopes that the start of using Coronavirus vaccines will lead to increased demand for fuel, while an oil tanker explosion in Saudi Arabia has caused tension in the market. Brent crude futures for …

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• 14 December 2020 2:15 pm

  Pound Optimistic About Brexit Talks

  

  The pound rose against the dollar and the euro thanks to hopes that Britain and the European Union would reach a free trade agreement after the decision to extend negotiations after the previous deadline expired on Sunday. The dollar traded near its lowest level in two and a half years …

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• 14 December 2020 1:17 pm

  Turkey’s Industrial Production Jumps 10.2% Y-o-Y in October

  

  Official data showed Turkey’s industrial production rose 10.2% year-on-year in October, continuing to rise for the fifth consecutive month in recovery from a slowdown caused by anti-Coronavirus pandemic closures until June. Compared to the previous month, industrial production increased 1.1% in October, according to the Turkish Statistical Institute. Turkey recorded …

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• 14 December 2020 12:22 pm

  Gold Dropping Amid Less Demand as The Vaccine Begins to be Used

  

  Gold prices fell on Monday, December 14th, as riskier assets rose due to the start of the use of the Covid-19 vaccine, which cast a shadow over hopes for more financial and monetary stimulus in the United States. The spot price of gold was down 0.3% to $ 1833.21 an …

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• 14 December 2020 6:46 am

  Weekly Recap – Dec 11

  

  Positive news regarding the launch the Vaccination campaign dominated the markets, but the Brexit crisis and the US financial stimulus still cast a shadow on the markets. In the UK, monthly GDP continued to slow down, falling to 0.4% in October, its lowest level in 6 months. British economic output …

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• 12 December 2020 1:19 am

  Oil Records Weekly Gains

  

  Oil prices closed Friday lower, but was able to record gains during the second week of December. Brent crude futures for February delivery declined by 28 cents, or 0.6%, to settle at $49.97 per barrel, giving up the $50 mark it reached for the first time since March, but adding …

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• 12 December 2020 1:15 am

  Gold Rises and Turns into Weekly Gains

  

  Gold prices increased on Friday, extending its weekly rise amid anticipation for a new stimulus package in the United States. Gold futures for February delivery increased by $6.20, or 0.3%, to close at $1,843.60 per ounce. For the week, gold futures registered gains of 0.2%.

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• 11 December 2020 10:47 pm

  Dollar Shows Rebound Signs

  

  The US Dollar (USD) is rising on Friday, supported by positive economic data and an improvement in inflation. The Dollar index (DXY), which measures the USD performance against a basket of six major international currencies, is up by 0.18% at 90.99. The index has been moving today in a range …

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• 11 December 2020 9:30 pm

  European Stocks Close Friday in Red

  

  European stocks closed Friday lower, amid uncertainty surrounding Brexit talks and a new government stimulus package in the US. The STOXX Europe 600 index finished lower by 0.5%. The UK’s FTSE100 declined by 0.66%, while the German DAX plummeted by 1.24%. Meanwhile, the French index CAC40 closed lower by 0.61%.

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• 11 December 2020 8:33 pm

  US Consumer Sentiment Improves in December

  

  The University of Michigan’s preliminary US consumer sentiment index increased by 4.5 points to 81.4 during December, from 76.9 in November, data showed on Friday. This is the second-highest level for the index since March, according to Bloomberg. The current conditions index rose to 91.8, its highest reading since March. …

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