Market Pulse - Currencies
Euro area inflation jumps past forecasts in November
The cost of living in the euro area surged past forecasts in November but economists were anticipating that it would soon peak.
JP Morgan sees Brent oil price 'overshoot' to $150 per barrel in 2023
Analysts at JP Morgan predicted that underinvestment in new oil production capacity was set to drive Brent crude oil prices to $125 per barrel in 2022 and $150 in 2023.
UK consumer credit and mortgage lending rise by less than expected in October
Lending to individuals edged higher in October even as mortgage borrowing hit a three-month low.
Russian energy minister warns against 'hasty' decisions on oil output
Russia's energy minister cautioned on Monday against hasty decisions in the wake of the discovery of the Omicron variant of Covid-19.
Spanish CPI hits near three-decade high in November
The cost of living in Spain hit a near three-decade high in November on the back of rising food and gasoline prices.
New Covid variant triggers alarm bells around the world
Authorities in the UK and many other European countries moved quickly to cut travel links with South Africa and several other countries in southern Africa following the detection of a new variant of Covid-19 with a large number of mutations on the so-called 'spike' protein.
US Q3 GDP revised a tad higher
America's economy expanded at a slightly quicker pace than previously estimated during the third quarter.
US consumer confidence edges past forecasts in October
Consumer confidence in the US edged past forecasts last month but Americans were the least upbeat about their personal finances and the overall economy than at any other time over the preceding decade.
Personal income and spending rise more quickly than expected in October
Americans continued splashing out briskly last month with price gains continuing to accelerate alongside.
US foreign trade deficit falls sharply in October
America's shortfall on trade with the rest of the world dropped sharply last month amid a jump in exports.
Turkish lira still in freefall
Turkey´s lira went into freefall on Tuesday after the country´s President said the country was fighting an "economic war of independence".
BoA downgrades Hochschild Mining to 'underperform' after Peru announces plans to close two mines
Analysts at Bank of America downgraded their recommendation for shares of Hochschild Mining from 'buy' to 'underperform', marking down their target price from 280. 0p to 90. 0p in the process.
Rouble weakens as US intel shows plans for potential Ukraine invasion
The rouble was under pressure again at the start of the week following reports detailing Russian troop and artillery movements which some fear could presage a large-scale push into Ukraine.
US economy 'roaring back' but pandemic 'still very much' front and centre
The US economy was "roaring" back but the pandemic remained very much front and centre, a top Federal Reserve official said.
Sharp upside surprise in November Philly Fed index
Manufacturing activity in the US mid-Atlantic region accelerated sharply in November, the results of a closely-followed index showed.
Asia close: Stocks mostly higher ahead of Biden-Xi summit
Asia Pacific stocks put in modest gains at the start of the week, buoyed by a raft of mostly better-than-expected macroeconomic data out of China and ahead of a virtual summit between the leaders of the US and China scheduled for Monday evening US time.
US non-farm payrolls beat forecasts in October
US jobs growth and unemployment numbers for October both came in a bit better-than-expected, alongside big revisions to prior month´s data.
US open: Stocks mostly higher, Dow dragged down by jump in dollar
US stocks were mostly higher on Thursday as investors mulled the latest initial jobless claims figures, although strength in the greenback was dragging on the Dow Industrials.
US non-farm labour productivity posts largest drop since 1981
Labour productivity in the US dropped much more sharply than was expected during the third quarter, registering its largest decline since 1981.
MPC votes 7-2 to keep rates on hold
The Monetary Policy Committee stood pat on policy with fewer of its members calling for an interest rate hike than had been expected.