Reserve Bank of Australia keeps interest rates at 12-year high
The Reserve Bank of Australia (RBA) has maintained its cash rate at 4.35%, marking the highest level in 12 years, reflecting an ongoing commitment to tackle persistent inflationary pressures. This decision aligns with the RBA's cautious…
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Last messages to voters from Harris and Trump as America votes tomorrow
With just one day left to the most important political event of the year – US Presidential election – markets started to move at a lower speed, awaiting to hear the will of the US electorate.
Presidential candidates Donald Trump and…
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US nonfarm payrolls collapse in October but economists see the slowdown as transitory
US non-farm payrolls numbers shocked by only 12K new jobs created in October, compared to forecasted increase by 103K and downwardly revised September’s figure from 254K to 223K.
The unemployment rate was unchanged at 4.1% while average…
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Bank of Japan keeps interest rates steady, in line with expectations
The Bank of Japan is signaling a potential shift away from its long-standing ultra-easy monetary policy, though it continues to adopt a cautious stance on rate hikes.
At its recent meeting, the BOJ maintained short-term interest rates at…
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Eurozone economic growth picked up in Q3 but overall picture remains dark
The eurozone's economy grew more than anticipated in the third quarter, with GDP expanding by 0.4%, an improvement from the previous quarter's 0.2% growth and above consensus expectations of 0.2%.
However, persistent issues, including…
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Bitcoin attacks key resistance zone, fueled by expectations of Trump’s election victory
BTCUSD keeps firm tone and holding near new record high (73839 posted in March) after strong acceleration on Tuesday (up 3.6% for the day) rose above 73K for the first time in 7 ½ months and spiked to the levels near all-time top.…
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US goods trade deficit rises to the highest in 2 ½ years in September
The US trade deficit in goods surged to a 2.5-year high in September, reaching $108.2 billion, as reported by the Commerce Department's Bureau of Economic Analysis.
This 14.9% increase in the trade gap, the largest since March 2022,…
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Gold – bulls remain firmly in play on geopolitical and US election uncertainty
Gold keeps firm tone, and trading just ticks under new record high posted last week, supported by strong safe haven demand on persisting geopolitical tensions and growing uncertainty surrounding US presidential election.
Markets await…
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Oil opens with gap lower as supply fears fade after Israel’s attack on Iran
WTI oil opened with wide gap lower on Monday and fell to the lowest levels in nearly one month, registering a drop of around 5% at the start of the week.
Israel’s attack on Iran over the weekend was a main oil driver with Iran’s oil…
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German business sentiment improves more than expected in October – Ifo
The latest Ifo Institute survey indicates a surprising improvement in German business sentiment, with the Ifo business climate index rising to 86.5 in October, surpassing both the previous month’s 85.4 and market expectations of 85.6.
This…
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