No change of the indicator value may reduce the volatility of the related markets.
No change of the indicator value may reduce the volatility of the related markets.
On Friday, a rise in gold prices was registered, linked to a decrease of the dollar. Nevertheless, prices of the yellow metal might start falling too.
In October, the growth of consumer prices in Japan exceeded last year's numbers by 3.6%. This is more than 3.5% forecasted by analysts. Such price growth became the most serious since 1982.
Strategists at investment bank Goldman Sachs Inc. consider that the U.S. dollar will gradually strengthen and continue to grow. However, investors will still face the impact of inflation and high interest rates next year.
The Biden administration asked Congress for $500 million to upgrade the US Strategic Petroleum Reserve (SPR) facilities.
According to James Bullard, president of the Federal Reserve Bank of St. Louis, the interest rate should be raised to at least 5-5.25%. After analyzing the current data, Bullard said that his old suggestions to raise the rate to 4.75-5% are now outdated.
Oil prices have begun to fall amid pressure from concerns about the unfavorable demand outlook for crude oil.
Natural gas prices in Europe continue to decline. The reason is the synoptics' statements about warmer weather in the region, having delayed the start of the heating season.
It’s reported that the European Central Bank (ECB) officials may reduce the pace of interest rate increases. Thus, the hike, which will take place next month, could be 50 basis points.
London is no longer Europe's largest stock market. That prize went to Paris. In the City podcast this week David Merritt talks with reporter Joe Easton, who has been closely following the stock market race for a long time.
According to Goldman Sachs Group Inc., China's gross domestic product growth is likely to accelerate in the second half of 2023.