OIL rises above $74 as WSJ sources say that Saudi Arabia plans to extend production cuts
Brent Crude (OIL) gains more than 0.5% today, rising above $74 per barrel, as The Wall Street Journal sources said that Arabia will extend production cuts...
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Market news
If anyone thought that political risk would settle down in the final weeks of 2024, they were wrong. It has been a strange 24 hours in South Korea. Firstly, to avoid impeachment from the opposition, the president of South Korea declared martial law. After a tussle with special forces, Korean MPs entered...
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Oil: November's PMI indices from China and US ISM Manufacturing came in stronger than expected, suggesting limited potential for demand decline in the final months of this year However, latest EIA forecasts indicate potential significant oversupply next year, the largest cumulative since...
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December is Santa rally territory and so far, it’s got off to a good start. European equity markets are a sea of green on Tuesday, and French markets are bouncing back. The Cac 40 is higher by more than 1%, led by Hermes and LVMH, as China indicates that it could provide more stimulus as early...
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Brent Crude (OIL) gains more than 0.5% today, rising above $74 per barrel, as The Wall Street Journal sources said that Arabia will extend production cuts...
Federal Reserve Bank of St.Louis director, Alberto G.Musalem commented today US economy and interest rates policy. He pointed to rising inflation risk,...
01:15 PM GMT, United States - Employment Data for November: ADP Nonfarm Employment Change: actual 146K; forecast 166K; previous...
10:00 AM GMT, Eurozone - PPI Data for November: Eurozone PPI YoY actual -3.2% (forecast -3.2%, previous -3.4%) Eurozone PPI MoM actual 0.4% (forecast...
09:30 AM GMT, UK - PMI Data for November: UK Services PMI (Nov): actual 50.8; 50.0 forecast; 52.0 previous UK Composite PMI (Nov): actual...
08:15 AM GMT, Spain - PMI Data for November: HCOB Spain Services PMI: actual 53.1; forecast 53.6; previous 54.9; 08:45 AM GMT, Italy...
The Nasdaq 100 continues its remarkable ascent, achieving its 34th record close of the year amid mounting rate cut expectations, though signs of market...
If anyone thought that political risk would settle down in the final weeks of 2024, they were wrong. It has been a strange 24 hours in South Korea. Firstly,...
Today's economic calendar is packed with November PMI readings across Europe and the US, along with key speeches from central bankers. Markets will...
South Korean markets plunge after President Yoon Suk-Yeol's short-lived martial law declaration sparks political crisis. KOSPI slumped over 2% as...
North American indices are showing mixed performance, with Mexican and Brazilian markets leading gains while US indices display divergent trends....
03:00 PM GMT, United States - JOLTS Job Openings for October: actual 7.744M; forecast 7.510M; previous 7.372M;
One of the largest US-based steel producers, US Steel (X.US) shares are down almost 8% today, because Trump reaffirmed plans of stopping acquisition of...
Oil (OIL) is gaining more than 1% today, as markets await the OPEC+ decision on Thursday. It is likely that OPEC+ will extend the latest round of oil production...
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