Published: 9/15/2023 12:24 AM ETChina’s industrial production and retail sales growth improved more than expected in August, official data revealed on Friday.Industrial production posted an annual increase of 4.5 percent, the […]
Author: Consultant
Gold Inches Higher As ECB Signals End To Rate Hikes
Published: 9/15/2023 6:05 AM ETGold prices inched higher on Friday, as the dollar retreated after refreshing a six-month high on strong U.S. data released overnight.Spot gold rose 0.4 percent to $1,918.38 […]
Oil Prices Gain On Optimism Over China Demand Outlook
Published: 9/15/2023 5:51 AM ETOil prices rose on Friday and were on track for a third consecutive week of gains on news that Chinese refiners broke refining rate records in August.Benchmark […]
Sept 15 AM: Bay Street Likely To Open On Firm Note
Canadian shares look headed for a positive start on Friday, tracking European markets and higher commodity prices following encouraging economic data from China and easing concerns about interest rates.CGI Group, Inc.(GIB, GIB-A.TO) […]
Gold Slips As Investors Await ECB Decision
Published: 9/14/2023 5:39 AM ETGold prices were subdued on Thursday after U.S. consumer inflation data came in hotter than expected, keeping bets of more Fed rate hike alive.Spot gold slipped 0.1 […]
Oil prices rebound as market refocuses on supply tightness
Oil rebounded on Thursday as expectations of a tighter global crude supply outlook for the rest of 2023 overshadowed concerns over weaker economic growth and rising U.S. inventories.Saudi Arabia and […]
China cuts banks’ reserve ratio to aid recovery
The People’s Bank of China (PBOC) said it would cut the reserve requirement ratio (RRR) for all banks, except those that have implemented a 5% reserve ratio, by 25 basis […]
New England on alert: Hurricane and Tropical Storm watches issued for much of coastline ahead of Lee’s arrival
New England on alert: Hurricane and Tropical Storm watches issued for much of coastline ahead of Lee’s arrival (foxweather.com)
August core inflation, excluding food and energy, rose 0.3%, hotter than expected
The consumer price index rose 0.6% in August, its biggest monthly gain of 2023. The inflation gauge rose 3.7% from a year ago. Core CPI increased 0.3% and 4.3% respectively, […]