U.S. Dollar Showing Modest Move Back To The Downside The value of the U.S. dollar has moved modestly lower during trading on Friday, giving back ground after trending over the past few days. The U.S. dollar index has slipped 0.28 points or 0.3 percent to 103.25, pulling back off the ...
Crude Oil Turns Lower After Initially Extending Yesterday's Surge After moving sharply higher in the previous session, the price of crude oil initially saw further upside in early trading on Friday but turned lower over the course of the day. Crude for February delivery fell $0.67 or 0.9 percent to ...
Treasuries Recover From Early Weakness To Close Roughly Flat Treasuries extended their recent downward trend in early trading on Friday but regained ground over the course of the session. Bond prices climbed well off their early lows, eventually ending the day roughly flat. Subsequently, the yield on the benchmark ten-year ...
Gold Moves Modestly Higher But Closes Lower For The Week The price of gold moved modestly higher during trading on Friday, extending the rebound seen in the previous session, but still closed notably lower for the week. Gold for February delivery rose $7.70 or 0.4 percent to $2,029.30 an ounce after ...
U.S. Dollar Advances Against Majors The U.S. dollar climbed against its major counterparts in the New York session on Friday, as traders pared back their expectations for early rate cuts from the Federal Reserve. Solid U.S. economic data as well as recent hawkish comments from Fed ...
U.S. Existing Home Sales Unexpectedly Slump 1.0% In December A report released by the National Association of Realtors of Friday showed an unexpected decrease in U.S. existing home sales in the month of December. NAR said existing home sales slumped by 1.0 percent to an annual rate of 3.78 million ...
U.S. Consumer Sentiment Surges To More Than Two-Year High In January Consumer sentiment in the U.S. has improved much more than anticipated in the month of January, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index surged to 78.8 in ...
Pound Weakens As U.K. Retail Sales Disappoint The pound fell against its major counterparts in the European session on Friday, after a data showed that the nation's retail sales declined more than expected in December. Data from the Office for National Statistics showed that retail sales declined 3.2 ...
Poland Producer Prices Fall At Faster Pace Poland's producer prices declined for the sixth successive month in December, and at a faster rate, largely due to a sharp decrease in prices in the manufacturing sector, data from Statistics Poland showed on Friday. Producer prices declined 6.4 percent annually ...
Italy Construction Output Grows Further Italy's construction output expanded for the fourth straight month in November, according to the provisional data released by the statistical office Istat on Friday. Construction production advanced a seasonally adjusted 1.0 percent month-on-month in November, though slower than the 1.3 percent ...
Swiss Producer & Import Prices Fall 1.1% Switzerland's producer and import prices declined for the eighth successive month in December, data from the Federal Statistical Office showed on Friday. Producer and import prices dropped 1.1 percent year-on-year in December, following a 1.3 percent fall in the previous month. The ...
Gold Gains As Dollar Dips In European Trade Gold edged up on Friday as the dollar consolidated weekly gains. Spot gold rose 0.3 percent to $2,028.26 per ounce while U.S. gold futures were up 0.4 percent at $2,030.75. The dollar edged lower in European trade but was set for a ...
UK Retail Sales Fall At Fastest Pace Since Early 2021 UK retail sales declined the most since early 2021 as consumers brought forward Christmas sales into November, and the high cost of living and interest rate hikes damped household spending. Retail sales declined 3.2 percent month-on-month in December, reversing the 1.4 ...
Oil Prices Modestly Higher As IEA Raises Demand Forecast Oil prices were slightly higher on Friday amid heightened geopolitical tensions, higher forecasts for global oil demand and data showing a drop in U.S. crude stockpiles last week. Benchmark Brent crude futures rose 0.4 percent to $79.41 a barrel, while WTI ...
Malaysia GDP Growth Misses Estimate Malaysia's economy posted a slower than estimated growth in 2023 on weak global demand, official data showed on Friday. In the whole year of 2023, economic growth drastically softened to 3.8 percent from 8.7 percent in 2022. The slowdown came as exports ...
Germany Producer Prices Fall 8.6%, More Than Expected Germany's producer prices declined for the sixth straight month in December due to cheaper energy costs, Destatis reported Friday. Producer prices dropped 8.6 percent year-over-year in December, faster than the 7.9 percent fall in November. Economists had expected a decline of ...
UK Retail Sales Fall More Than Forecast UK retail sales declined more than expected at the end of the year, figures from the Office for National Statistics revealed Friday. Retail sales declined 3.2 percent on month in December, reversing the 1.4 percent increase in November. The decline ...