USOIL Soft as OPEC Downgrades its Oil Demand Forecast
The Organization of the Petroleum Exporting Countries (OPEC) cut its world demand growth projection once again, with oil prices pressured after last week’s decline
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The Organization of the Petroleum Exporting Countries (OPEC) cut its world demand growth projection once again, with oil prices pressured after last week’s decline
The pair collapsed to its worst week since 1998, after the moderation in US CPI inflation, but rebounds today as the monetary policy deferential remains unfavorable
The British Pound rallied against the greenback yesterday, after the moderation in US CPI inflation, but the Q3 contraction of the UK economy weighs today
The pair had one of its best days of the year on Wednesday as a result of the soft inflation figures from the US and extends its gains today, past key tech levels
The Walt Disney Company reported its latest quarterly results, which revealed that its gap over Netflix on paid subscribers broadened, but its top and bottom lines were a source of disappointment
After last week’s Fed-fueled decline, the tech heavy index started the current one strong, with markets now awaiting today’s mid-term elections and Thursday’s CPI inflation update
The commodity opened the new week on the back foot amidst trade worries and China’s commitment to the zero-Covid policy
During the week of October 31-November 4 European automakers and Chinese EV startups were in the spotlight, along with ride-hailing firm Uber and other corporations from various sectors
The central bank raised rated by 75 basis points, its largest move in thirty-three years, but softened its language as it expects prolonged recession
The US Federal Reserve delivered another 75 bps rate increase and pointed to a moderation in the pace of tightening, but ruled out a pause, sparking two-way action and volatility in markets
The Australian central bank opted again for a miniscule rate hike, despite recent inflation surge and higher 2022 projection
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