OPEC on Tuesday raised its forecast for global oil demand next year and trimmed its forecast for growth in supply from the United States and other producers outside the wider OPEC+ group, pointing to a tighter market outlook. World oil demand will rise by 1.38 million barrels per day in 2026, the...
Stocks recovered from lows reached earlier on Thursday, with investors buying the dip once again in spite of a dour wholesale inflation report. The late-day gains mean the S&P 500 notched its third straight record close, by the slimmest of margins, settling up 0.03% at 6,468.54. The Nasdaq...
A jump in wholesale prices is likely to bolster concerns among Federal Reserve policymakers that rising inflation remains a risk, intensifying debate over the rationale for an interest rate cut next month and leaving the tension between the U.S. central bank and the White House unresolved. The...
Gold Price takes a hit and dives over 0.60% on Thursday following a red-hot factory gate inflation report in the United States (US), which prompted investors to price out the chances for a 50-basis-point rate cut at the Federal Reserve's (Fed) upcoming meeting. The XAU/USD trades at $3,334 at the...
Federal Reserve Chair Jerome Powell will give a speech on the economic outlook and the Fed's review of its policy framework next Friday at the Kansas City Fed's annual central banking conference in Jackson Hole, Wyoming, the Fed said on Thursday. Powell's speech comes as data showing some impact...
Time | Country | Figures | Previous | Actual |
---|---|---|---|---|
06.50 | JPN | Prelim GDP Price Index y/y | 3.3% | |
06.50 | JPN | Prelim GDP q/q | 0.0% | |
08.30 | CHN | New Home Prices m/m | ||
09.00 | CHN | Industrial Production y/y | 6.8% | |
09.00 | CHN | Retail Sales y/y (CHN) | 4.8% |