Thursday, February 22, 2018
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Tag: Markets

Gold falls as expectations rise in US interest rates

UNITED KINGDOM - Gold prices fell on Thursday, heading for the biggest weekly loss since the start of 2018 as the dollar rallied on the latest minutes of a meeting of the Federal Reserve's monetary policy committee, which showed policymakers supported more price hikes Benefit. By...

UK economy grew less than expected in the fourth quarter of 2017

UNITED KINGDOM - Britain's economy grew at a slower rate than initial estimates in the last three months of 2017, raising questions about the strength of the economy as the Bank of England prepares to raise interest rates, official data showed. Figures released on Thursday show...

Dollar is rising towards the first weekly gain since the beginning of 2018

UNITED KINGDOM - The dollar rose on Thursday to a 10-day high after the minutes of a meeting of the US Federal Reserve in January showed policymakers were confident of rising inflation and the need to continue to raise interest rates. The dollar index, which tracks...

European stocks fell as results failed to lift sentiment

EU - European shares fell in early trade on Thursday after a range of corporate results failed to lift sentiment following a fresh wave of speculation about a faster US interest rate hike that affected Wall Street and Asia and reduced global appetite for risk. Most...

GE is looking to sell assets worth $ 4 billion

UNITED STATES -  The company is "looking" for its first sale of $ 4 billion in assets as part of its plans to forgo $ 20 billion in assets, denying talks on the sale of shares to raise capital, General Electric's chief financial officer,...

Barclays profit growth 10% and dividend returns

UNITED KINGDOM - Barclays said on Thursday it had achieved a 10 percent increase in its 2017 earnings and pledged to restore full dividend payments of 6.5 pence per share in 2018. Barclays posted a pretax profit of 3.5 billion pounds ($ 4.86 billion), up from...

Oil prices are falling as the dollar rises

UNITED STATES - Oil prices fell on Thursday on the back of a stronger dollar, which dominated a report that crude inventories in the United States were down. By 0640 GMT, West Texas Intermediate crude was $ 61.15 a barrel, down 53 cents, or 0.9 percent,...

Nikkei falls on US interest rate expectations

JAPAN - Japan's benchmark stock index fell on Thursday after a large sell-off after US stocks tumbled on Wednesday on speculation of a faster rate hike for RICO, after a media report said the company was considering a provision for impairment. The Nikkei <.N225> was down...

European Central Bank distributes € 1.3 billion in profits to central banks

EU - The European Central Bank said on Thursday it had made a net profit of 1.275 billion euros in 2017, up 82 million euros from a year earlier, and that this would be fully distributed among the 19 central banks in the eurozone. The bank...

Sources: Oil exports in southern Iraq 3.5 million b/d since the beginning of February

IRAQ - Crude oil exports from southern Iraq ports on the Gulf have reached 3.5 million bpd since the start of February, two oil sources told Reuters on Thursday.  

Stock indices in the US ended Wednesday in the red

UNITED STATES - The main US stock indexes ended Wednesday in the red after the publication of the protocol of the January meeting of the Federal Reserve System (FED) of the United States, according to the bidding data. The Dow Jones industrial index decreased by 0.67%...

Venezuela announced the release of a new crypto currency, supported by gold

VENEZUELA - President of Venezuela Nicolas Maduro announced on Wednesday about the imminent release of another crypto currency - the gold "petro". According to Maduro, this will happen next week. "I do not want to rush things, but we have a surprise about the relative gold petro, which...

Goldman: The dollar fell not because of concerns about the US

UNITED STATES - The decline in the dollar over the past year is less due to what happens to US policy and fundamentals, and more to investors who pay more attention to economic growth in other regions, for example in Europe and Japan. This conclusion was...

Bitcoin falls, followed by other crypto-currencies

SOUTH KOREA - The main crypto-currencies are falling in price at the auctions on Wednesday, despite optimistic reports from South Korea that the country plans to normalize the crypto-currency business within the self-regulatory environment. Investors should have been delighted with the fact that plans to...

JPMorgan: acceleration of inflation will support prices for raw materials

UNITED STATES - JPMorgan Chase & Co. has raised the forecast of the prices for metals, having declared, that acceleration of inflation will support the raw goods, informs Bloomberg. "Inflation has come, and this should be a positive factor for commodities," the bank said. JPMorgan pointed...

Turkey’s military operation in Syria hits by lira

TURKEY - The activation of the Turkish army in Syria can turn into serious problems for Ankara. The thing is that investors look with great apprehension at the military adventure of Erdogan, who decided to start a full-scale war with the Syrian Kurds, as well as...

Wall Street closed low, rebounding on six sessions of gains

UNITED STATES - The Dow Jones industrial average and the S & P 500 fell on Wall Street on Tuesday after a six-straight winning streak, hurt by a sharp fall in Walmart, but gains for Amazon and other technology companies helped the Nasdaq close unchanged. The...

US crude is rising, and Brent is plummeting as the dollar gains

UNITED STATES - US crude hit a two-week high in a volatile trading session on Tuesday, backed by declines in stockpiles at a major storage center amid expectations that major oil producers could expand cooperation after 2018, but Brent crude fell under pressure from the...

Gold falls for the third session before major auctions to sell US debt instruments

UNITED STATES - Gold prices were under pressure from the dollar's rise and interest rates on Tuesday, plummeting to a third session, but received support from political concerns and ambiguity about major US bond auctions this week. The dollar continued to recover from a three-year low...

US debt: the way to default or a new rule?

UNITED STATES - The US public debt as of mid-week reached a new indicator of $ 20.7 trillion. But, for lack of any point of reference, what does this mean? Usually the indicators of total debt or federal debt divided by GDP are used. However,...

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