Economic news


Russia announced forex purchases, causing rouble drop
Finance

Russia announced forex purchases, causing rouble drop

The rouble of Russia dipped today as market was unsure about the effect on currency markets from the central bank’s initiative to continue forex purchases for the country’s reserves.


December 14, 2018
Pound on track for hardest slide in over month due to Brexit deal no-go
Pound on track for hardest slide in over month due to Brexit deal no-go

The British pound lost near 0.5% versus the dollar, sliding to $1.26 today, after the PM’s failed attempt to gain support from top EU...

Oil driven lower by new China report, supply restrictions hold back slump
Oil driven lower by new China report, supply restrictions hold back slump

Prices of oil moved down today as the data from China indicated growth deceleration, with demand for oil from the globe’s top buyer down, but...

Euro zone posts drop in bond returns, with growth concerns stoked by PMI
Euro zone posts drop in bond returns, with growth concerns stoked by PMI

Euro zone’s cost of borrowing slipped today, with downbeat figures for the region and China adding to uneasiness over a global expansion...

Dollar boosted by slowing China’s economy
Dollar boosted by slowing China’s economy

The dollar crept up on Friday as traders turned cautious after China's retail sales and industrial output weakened.

Euro hurt by disappointing data
Euro hurt by disappointing data

The euro dropped on Friday on eurozone slowdown concerns, while the European Central Bank said the day before it will halt its €2.6tn stimulus...

Asian stocks dragged down by weak Chinese economic data
Asian stocks dragged down by weak Chinese economic data

Asian stocks slumped on Friday after China posted a batch of disappointing data, fueling fresh concerns over slowing economy and leaving traders...

December 13, 2018
U.S. unemployment pay seekers remain close to least in 49 years
U.S. unemployment pay seekers remain close to least in 49 years

The U.S. sees the decrease in the number of people applying for unemployment payments per week to the lowest in almost 49 years, a figure that...

ECB abandons quantitative easing program that lasted for four years
ECB abandons quantitative easing program that lasted for four years

The ECB’s profuse bond buying program is over, such was the move announced by the bank today, while the rest of its policy remained almost...

Oil moves up as trade war seems to abate
Oil moves up as trade war seems to abate

Prices of oil rose today on figures showing U.S. oil inventories slid and signs of U.S.-China trade disagreements subsiding, with the two parties...

Brexit uncertainty expected to hold UK home market down next year
Brexit uncertainty expected to hold UK home market down next year

UK home market could suffer more because of somber Brexit prospects, according to surveyors. The count of sold houses and their price tag are to...

December 12, 2018
Copper slides as investors doubt trade dispute could end
Copper slides as investors doubt trade dispute could end

Copper went down today as the U.S. President’s words on possible trade reconciliation with China were ignored by investors, with the dollar...

U.S. prices remain level in November, while inflation holds
U.S. prices remain level in November, while inflation holds

November consumer prices in the United States stayed at the level of the preceding month, as growth was inhibited by gasoline prices slump, while...

Euro zone manufacturing activity gains in October
Euro zone manufacturing activity gains in October

Factory production in the euro zone expanded in October in view of the investment goods output surge, and lesser energy production hadn’t...

Shanghai futures lift crude trading to the highest in 2018
Shanghai futures lift crude trading to the highest in 2018

New Chinese derivatives contract in yuans is seen to push futures to an unprecedented level this year, encroaching on the share occupied by Brent...

Sterling bounces back as May promises to contest vote of confidence
Sterling bounces back as May promises to contest vote of confidence

The pound edged up on Wednesday after Prime Minister Theresa May vowed to contest a vote of no confidence in her leadership and warned opponents...

European stocks rise second straight day on trade optimism
European stocks rise second straight day on trade optimism

European stocks inched up on Wednesday and were on track for a second straight session of gains as investor sentiment improved after U.S. President...

Oil climbs on gains across Asia
Oil climbs on gains across Asia

Crude prices gained by almost 1 percent on Wednesday amid a stock market recovery and on anticipations that an OPEC-led production cut for next...

Euro steady, all eyes on possible Brexit scenarios
Euro steady, all eyes on possible Brexit scenarios

The euro was virtually unchanged against the dollar at $1.132 on Wednesday. It also was steady at 90.56 pence.

Dollar moves closer to month peak
Dollar moves closer to month peak

The dollar stayed not far off a one-month peak versus its rivals on Wednesday, underpinned by a recovery in U.S. government bond yields and slump...

Asian stocks appear poised for relief rally
Asian stocks appear poised for relief rally

Asian shares soared on Wednesday on positive prospects for the outcome of U.S.-China trade negotiations.

December 11, 2018
Car producers stocks grow, with China to lower vehicle tariffs
Car producers stocks grow, with China to lower vehicle tariffs

Shares of car manufacturers increased today after the news that Beijing could reduce tariffs on vehicles produced in the U.S., something that had...

December’s investment mood in  euro zone in doldrums
December’s investment mood in euro zone in doldrums

Euro zone logs a four-year low in investor sentiment this month, with global trade tussles, Italian government spending issue and nearing Brexit...

U.S. stocks jump on launch of U.S.-China trade talks
U.S. stocks jump on launch of U.S.-China trade talks

Wall Street opened in positive territory on Tuesday with gains leading by industrial and technology sectors amid signs of pause in trade battle...

Pound recovers from 20-month lows amid latest Brexit developments
Pound recovers from 20-month lows amid latest Brexit developments

The pound rose slightly on Tuesday, bouncing back from the 20-month trough it scaled after British Prime Minister Theresa May decided to delay the...

Bitcoin inches lower on marketwide selloff
Bitcoin inches lower on marketwide selloff

Bitcoin dipped on Tuesday, extending overnight declines and driving the world's most popular cryptocurrency towards a fresh multimonth weak point.

European shares rally on prospects for success in trade talks
European shares rally on prospects for success in trade talks

European stocks inched up in the morning deals on Tuesday as signs of a relief in the Sino-U.S. trade tension improved mood after a spark of...

Oil kept from growing by tumult in stock markets
Oil kept from growing by tumult in stock markets

Crude prices were dragged today by troubling stock markets conditions and guesses whether the agreed by OPEC production curbs will manage to...

Britain registers maximal wage growth in over ten years
Britain registers maximal wage growth in over ten years

Working people in the United Kingdom saw their wages grow the highest in ten years during August-September period, while local jobs market remained...

December 10, 2018
Economic growth in UK cools as car purchases go down
Economic growth in UK cools as car purchases go down

Britain’s economic expansion has moderated, with a drop in auto sales and stagnation in the manufacturing industry, showed figures from the...

SoftBank's recent IPO soars to second place ever
SoftBank's recent IPO soars to second place ever

SoftBank’s IPO of mobile division stationed in Japan receives $23.5 bln, becoming the largest but one in history. The company decided to up...

Japan posts steeper economy recession than anticipated
Japan posts steeper economy recession than anticipated

The economy of Japan shrank more than expected in the third quarter because of corporate capital spending undershooting predictions, today’s...

OPEC’s supply lessening agreement lifts Brent prices
OPEC’s supply lessening agreement lifts Brent prices

OPEC and allied exporters came to an accord at the end of past week on curtailing supply starting next month, boosting Brent futures.

Pound wobbles near three-month low, all eyes on Brexit vote
Pound wobbles near three-month low, all eyes on Brexit vote

The pound dipped to an almost three-month trough versus the euro on Monday ahead of British Parliament's vote on the EU withdrawal agreement...

European stocks slip as political worries weigh on market
European stocks slip as political worries weigh on market

European stocks inched lower on Monday, dragged down by ongoing U.S-Chinese trade tensions and other political risks such as the UK’s...

Dollar hovers following largest weekly decline in three months
Dollar hovers following largest weekly decline in three months

The dollar tried to edge towards positive territory on Monday after logging its largest weekly fall in more than three months last week as...

Asian shares slide as China’s economy remains under pressure
Asian shares slide as China’s economy remains under pressure

Asian stocks dropped on Monday amid a potential escalation of tensions between U.S. and China.

December 7, 2018
European market partially reclaims recently lost ground
European market partially reclaims recently lost ground

EU stocks moved up today, regaining some of yesterday’s drops caused by a global sell-off, though the picture was different in the U.S. and...

British home market records lowest growth pace in six years
British home market records lowest growth pace in six years

UK property prices gained at minimal rate in six years during September-November period, today’s data from Halifax indicates, confirming once...

Japan could halt government purchases of Huawei and ZTE equipment
Japan could halt government purchases of Huawei and ZTE equipment

Japan readies to stop state-paid purchases of Huawei an ZTE products, according to Reuters that obtained the data from a source familiar with the...

Brent below $60 as OPEC tries to engage Russia in output curbs
Brent below $60 as OPEC tries to engage Russia in output curbs

Prices of oil continued to decrease today, with the Organization of the Petroleum Exporting Countries debating a production shortening waiver for...

December 6, 2018
Gold dips despite drop in global shares
Gold dips despite drop in global shares

Gold futures fell on Thursday as a dollar index slid in volatile trading, with the bullion so far failing to find the harbor demand that might be...

Pound stays above 1-1/2 year trough, vote on Brexit looms
Pound stays above 1-1/2 year trough, vote on Brexit looms

The pound hovered above a 1-1/2 year weak point on Thursday as worries over British Parliament vote on Prime Minister Theresa May’s Brexit...


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