WTI remains on the back foot while nearing 13-month low.
Buyers will stay away unless prices settle beyond November month lows.
WTI keeps losses, despite bouncing off the recently flashed 13-month low of $49.77, while taking rounds to $50.00 during Tuesday’s Asian session. Given the black gold’s su
The Malaysia stock market has finished higher in three straight sessions, rising more than 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,565-point plateau and it's tipped to open in the green again on Monday.
The global forecast for the Asian marke
The Bank of Japan will on Monday wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity.
The BoJ is widely expected to keep its benchmark lending rate unchanged at -0.1 percent, although it may introduce othe
Reuters has reported on a news in the Independent that UK Tory member, Sajid Javid, has admitted businesses will be hit by Brexit as he fired off a warning to manufacturers that "there will be no alignment" with EU rules.
With less than two weeks until the Brexit deadline, the chan
It was the Chinese economic numbers that stimulated the market action over in Asia. The economic data came in line with market expectations. The Chinese GDP q/y matched the forecast of 6.1% while the fixed asset investment painted a better picture by whipping the forecast of 5.2%. It published a num
At 7.30 am ET Thursday, the European Central Bank publishes the account of the monetary policy meeting of the governing council held on December 11 and 12.
Ahead of the release, the euro held steady against its major counterparts.
The euro was worth 1.1162 against the greenback, 122.76 against the y
Eurozone's house price growth slowed in the third quarter, data from Eurostat showed on Thursday.
House prices climbed 4.1 percent year-on-year in the third quarter, after a 4.3 percent rise in the second quarter.
On a quarterly basis, house prices rose 1.4 percent in the third quarter, slower than
The British government is ready to start talking with the European Union on the trade deal from February 1st, Prime Minister Boris Johnson's spokesman told reporters on Thursday. "Passing the Brexit legislation today would be a significant positive step," the spokesman added, as reported by Reuters.
The U.S. dollar gained against its most major counterparts in early European deals on Tuesday in thin trading on the occasion of Christmas Eve.
Trading remained tight heading into the holiday break and amid a lack of fresh fundamental catalysts.
Traders await developments on the trade front after Ch
Looking quiet for scheduled events
A fairly quiet day ahead in terms of scheduled events. Of course, we will have the usual flow of Brexit headlines going to and fro. Eamonn coked with me as I started today, 'welcome to politics live'. It's a good reminder of the shifting winds in a world with twi
Latest data released by IFO
Delay at source
IFO expectations 90.8 vs 92 expected; 91.3 prior
IFO current assessment 98.5 vs 96.9 expected; 97.3 prior revised to 97.4
The downturn takes a temporary breather, but IFO says that outlook for future months has deteriorated
A preview of the European Central Bank meeting this week via TD. Further easing is widely expected (more previews below).
We're on the dovish end of expectations, looking for a 20bps rate cut, alongside the introduction of a tiering system, as well as €40bn/month of QE
We're more comfortable with ou
ITV political correspondent, Paul Brand, confirms
Meanwhile, we're also hearing from a government spokesman that Johnson will say that he wants an election and that the "surrender bill" would in essence overturn the biggest democratic vote in the nation's history.
He is expected to speak later in
Norway retail sales recovered in July, figures from Statistics Norway showed on Friday. Another data showed that the jobless rate declined slightly in August.
The volume index of retail sales excluding sales of motor vehicles rose a seasonally adjusted 0.8 percent month-on-month in July, after a 0.3
Slovenia's economic growth was the lowest in nearly four years during the second quarter as increased imports caused trade to make a negative contribution to GDP, preliminary data from the statistical office SURS showed on Friday. Gross domestic product grew a non-seasonally adjusted 2.5 percent yea