Tag Archives: GDP

The Canadian economy expanded by 0.1% in October as expected. The USD/CAD pair continues to trade in negative territory near 1.3600. Real Gross Domestic Product of Canada grew by 0.1% on a monthly basis in October, Statistics Canada reported on Friday. This reading followed September’s 0.2% growth and came in …

Oil prices rose on Friday amid expectations of lower Russian crude exports from the Baltic region this month, alleviating fears that a severe winter storm in the United States could wipe out holiday fuel demand growth. And by 0148 GMT, Brent crude rose 88 cents, or 1.1 percent, to $ …

Airlines cancelled nearly 2,000 US flights scheduled for Thursday and Friday in the United States, disrupting holiday travel for thousands and sending a bearish signal for travel fuel demand.Also keeping a lid on prices was a rising U.S. dollar and fall in equities, said Jim Ritterbusch of Ritterbusch and Associates, …

Wall Street’s major indexes dropped on Thursday after fresh US economic data underlined the US economy’s strength and erased concerns over the Federal Reserve’s continued monetary policy tightening.Losses in rate-sensitive megacap growth stocks such as Apple Inc., Microsoft Corp and Amazon.com Inc pulled technology and consumer discretionary shares lower.The final …

The pace of British GDP growth slowed in the third quarter of 2022, as the economy grew by 1.9%, compared to expectations of a growth of 2.4%, after the economy had previously recorded a growth of 4.4%. On a quarterly basis, the UK economy contracted by 0.3%, compared to expectations …

Tomorrow is Jerome Powell’s last FOMC speech for 2022. The Federal Reserve has previously signaled a general tendency to step down the pace of interest rate hikes upon concluding its two-day meeting on Wednesday, with extensive expectations of a half-point rate hike to a range of 4.25% to 4.5%. Nevertheless, …

Eurostat reported Wednesday that seasonally adjusted Gross Domestic Product (GDP) in the Euro area expanded at an annual rate of 2.3% in the third quarter. This reading followed the 4.2% growth recorded in the second quarter and came in higher than the initial estimate and the market expectation of 2.1%. …

Overall, market sentiment fluctuated between optimism and concerns, as the US Dollar started the trading day with negative performance. The American currency managed to recover by mid-way, and finally fell closing in the red territory against its major rival currencies.US Dollar’s slump resulted from US Federal Reserve Chair Jerome Powell’s …

The Dow Jones Industrial Average fell on Wednesday as Wall Street is walking through ponds of economic data and investors await this afternoon speech on the US economy by Fed Chair Jerome Powell. Powell will give his speech before Brookings Institute.The Bureau of Economic Analysis reported that GDP increased at …

The NZD/USD pair hovers around 0.6200 as investors await US ADP Employment. The pair also encounters an obstacle around the present rate 0.6200 as anxiety rises ahead of Fed Powell’s remarks on Wednesday. Fed’s interest rate hikes account for weaker projections for US employment data.On a different front, the reopening …