Economic News

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

This Week News

Brent crude oil exceeded $49 for the first time since March

November 26, 2020

The price of January Brent oil futures rose above $ 49 per barrel for the first time since March 6, when prices began to collapse. The current quote f...

US jobless claims unexpectedly rose over the week

November 25, 2020

According to the US Department of Labor, the number of initial applications for unemployment benefits for the week ended November 21, increased by 30 ...

The European market is growing after the release of strong statistics from Germany

November 24, 2020

The European stock market opened higher on Tuesday amid enthusiasm for progress in the coronavirus vaccine and greater clarity over the outcome of the...

Experts predict Europe «long years of pain»

November 23, 2020

Analyzing the current state of affairs in Europe, experts note that the growth of corporate debts risks turning the region into long «years of pandem...

Germany invited the US to abandon sanctions on Nord Stream 2

November 20, 2020

The Eastern Committee of the German Economy appealed to the Speaker of the United States House of Representatives Nancy Pelosi with a proposal to aban...

For the first time since 2013, the euro surpasses the dollar in international payments

November 19, 2020

According to the SWIFT payment system*, the single European currency surpassed the US dollar in international payments in October this year for the fi...

Gold prices drop on news of coronavirus vaccine

November 18, 2020

Gold price is recovering weakly after a daily decline to $1,866.10 per troy ounce. The current gold quote is $1.883.05.The pressure on the precious me...

Asia created the world's largest trading block

November 16, 2020

Fifteen countries in the Asia-Pacific region on Sunday formed the world's largest free trade bloc without the participation of the United States, but ...

US lost status as China's largest trading partner

November 13, 2020

During his speech at the business summit, Premier of the State Council of the People's Republic of China Li Keqiang said that the Association of South...

The number of applications for unemployment benefits in the United States fell

November 12, 2020

According to the US Department of Labor, the number of Americans who filed initial applications for state unemployment benefits last week fell more th...

OPEC downgrades forecast for fall in global oil demand in 2020

November 11, 2020

The Organization of the Petroleum Exporting Countries (OPEC) has once again lowered its forecast for global oil demand in 2020. Now experts are expect...

Germany shared views on the future of Nord Stream 2

November 10, 2020

According to a statement from the Eastern Committee of the German Economy, an association uniting German companies in Eastern Europe and the post-Sovi...

OPEC+ deal parameters may be changed more than expected

November 09, 2020

The head of the Ministry of Energy of Saudi Arabia, Prince Abdel Aziz bin Salman, at the oil industry conference ADIPEC-2020, said that OPEC+ could ad...

Unemployment in the US in October fell to 6.9%

November 06, 2020

According to the US Department of Labor, the number of jobs in the economy in October increased by 638 thousand. Unemployment fell to 6.9% compared to...

Gold awaits US election results

November 06, 2020

The price of gold on Friday is growing moderately against the background of market participants' expectations of the final results of the US elections...

Bank of England expands government bond buyback program to £ 875bn

November 05, 2020

Today a meeting of the Bank of England was held, following which the regulator kept the base interest rate at 0.1%. It was also decided to increase th...

Expert: OPEC+ countries should postpone the softening of the deal from January of the new year

November 03, 2020

Anne-Louise Hittle, vice president of consulting firm Wood Mackenzie, said at the International Exchange Forum that in order to maintain a stable mark...

Oil prices fall amid new quarantine measures in Europe

November 02, 2020

World oil prices fell to $36 a barrel Monday morning on concerns over demand following the announcement of new quarantine restrictions in Europe. Howe...

US consumer sentiment index rose better than forecast

October 30, 2020

The Michigan Consumer Sentiment Index, which measures household confidence in the US economy, rose to 81.8 in October from 80.4 in September. Analysts...

Oil fell below $38 for the first time since June 1

October 29, 2020

Oil prices have been falling over the past few days due to COVID-19 risks and U.S. election uncertainty. The current quotation for Brent is $37.40 per...

ECB expectedly kept the base rate at zero level

October 29, 2020

The Board of Governors of the European Central Bank (ECB) at its meeting today kept the base interest rate at a record low of 0%, as expected by most ...

Bank of Canada has kept the rate at the same level of 0.25%

October 28, 2020

The Bank of Canada on Wednesday kept its key interest rate at a record low of 0.25%. Earlier, the head of the Canadian Central Bank, Tiff Maclem, said...

US consumer confidence index unexpectedly declined in October

October 27, 2020

According to analyst firm Conference Board, the consumer confidence index in the US in October fell to 100.9 points from the revised index of 101.3 po...

The trade war with China did not contribute to the growth of industrial production in the United States

October 26, 2020

The trade war with China, unleashed by US President Donald Trump, did not achieve its main goal (a return to the growth of industrial production in th...

US exchanges are trading in positive territory on forecasts for state aid

October 23, 2020

According to the trading data, the main US stock indexes on Friday are mainly growing against the background of how investors assess the prospects for...

Gold price resumed falling

October 23, 2020

The price of gold resumed its decline after the morning corrective growth. The current quotation of the asset is $1.899.90 per troy ounce.In the morni...

EU intends to prepare a response to possible US sanctions

October 21, 2020

German Foreign Ministry spokesman Christopher Burger said that the European Commission intends to consider ideas on measures to respond to economic sa...

Gold grows weakly amid uncertainty around US elections

October 20, 2020

Gold prices rise slightly on Tuesday evening amid continued uncertainty around the upcoming US presidential elections. Uncertainty around the adoption...

US exchanges are growing on expectations of economic stimulus

October 19, 2020

Major US stock indexes rallied on Monday in anticipation of news on a new US fiscal aid package and the upcoming November 3 presidential election.Thus...

Johnson urges Britons to prepare for tough Brexit option

October 16, 2020

British Prime Minister Boris Johnson said today that it is time for the country to prepare for a «tough» scenario for completing the Brexit process,...

Germany introduces additional measures to combat Covid-19

October 15, 2020

German Chancellor Angela Merkel agreed to introduce additional measures in the country to combat the spread of COVID-19. At the same time, most of the...

Chinese companies skyrocket in price

October 13, 2020

The aggregate capitalization of Chinese companies reached $10 trillion for the first time since 2015. Experts note that the local stock market has sky...

Saudi Arabia will host the largest banking deal of the year

October 12, 2020

National Commercial Bank (NCB), the largest Bank in Saudi Arabia by assets, announced the purchase of rival Samba Financial Group for $15 billion. Thi...

US imposes $2 billion tariffs on aluminum sheet

October 09, 2020

US Commerce Department chief Wilbur Ross said today that the United States is imposing duties on sheet aluminum goods worth $1.96 billion from 18 coun...

U.S. unemployment shrinks amid slow growth in new jobs

October 08, 2020

According to the US Department of Labor, last week the number of Americans who filed initial applications for unemployment benefits fell to a minimum ...

Futures on US indices are growing in anticipation of the Fed meeting minutes

October 07, 2020

Futures on major US stock indexes started to rise on Wednesday after a sharp drop a day earlier after President Donald Trump announced that he would s...

The EU is ready to resort to new measures of economic stimulus

October 06, 2020

The head of the European Central Bank, Christine Lagarde, said during her speech that the regulator is ready to resort to new monetary stimulus measur...

US services PMI gains better than forecast

October 05, 2020

According to the American Institute for Supply Management (ISM), the index of business activity in the US services sector in September rose to 57.8%. ...

US industrial PMI declines unexpectedly

October 01, 2020

According to the US Institute for Supply Management (ISM), the US Manufacturing Index (ISM Manufacturing) fell to 55.4% in September from 56% in Augus...

Oil inventories in the United States unexpectedly decreased by 0.4% over the week

September 30, 2020

According to the Energy Information Administration of the US Department of Energy, commercial oil reserves in the country (excluding the strategic res...

Wall street quieted down in anticipation of the debate

September 29, 2020

The U.S. stock market is consolidating after two days of gains awaiting the first presidential debate between Donald Trump and his Democrat major oppo...

Swiss GDP declines at record 40 years

September 28, 2020

According to the State Secretariat for Economic Affairs (SECO) of Switzerland, the country's GDP fell by 7.3% in the second quarter of this year. Such...

Oil prices drop due to economic uncertainty and coronavirus

September 24, 2020

Oil prices fell on Thursday amid uncertainty about the outlook for the global economy and the situation with the coronavirus. The current quotation of...

US Department of Energy Oil Inventory Report

September 23, 2020

According to the Energy Information Administration (EIA) of the US Department of Energy, the volume of commercial crude oil in storage in the United S...

UK signaled new quarantine

September 22, 2020

On Tuesday, the UK said it intends to abandon the return of people to their usual jobs in an attempt to contain the rapidly growing second wave of Cov...

UK thinks about canceling Tax Free shopping system

September 21, 2020

The British authorities announced that they are considering the possibility of canceling the Tax Free system from December 31 of this year, explaining...

Growth in retail sales in the UK was the lowest in 4 months

September 18, 2020

According to the UK National Statistical Office (ONS), retail sales in August increased 0.8% from the previous month. This is the lowest growth rate f...

The World Bank gave dates of the global economy recovery

September 17, 2020

World Bank Chief Economist Carmen Reinhart, speaking at the Trends 2021 online forum, said that the global economy will not recover from the coronavir...

Annual inflation in the UK in August was 0.2%

September 16, 2020

According to the Office for National Statistics (ONS), inflation in Great Britain in August in annual terms slowed down to 0.2% from 1% in July. This ...

OPEC downgrades forecast for global oil demand for 2020-2021

September 14, 2020

According to the September OPEC report, the organization downgraded the forecast for world oil demand for 2020 and 2021 by 0.4 million barrels per day...

UK and Japan sign first post-Brexit trade agreement

September 11, 2020

Today it became known that the UK and Japan signed the first trade agreement after Brexit. At the moment, Britain is in the process of difficult negot...

Euro grows after ECB meeting

September 10, 2020

The euro rose significantly after the meeting of the European Central Bank, at which the regulator decided not to revise its long-term forecasts of ec...

In July, the number of vacancies in the United States increased to 6.62 million

September 09, 2020

Job vacancies in the US increased in July, with more workers leaving retail and professional and business services jobs due to concerns about COVID-19...

US ready to hit China's economy again

September 08, 2020

The US has said it is considering a ban on Chinese cotton products from Xinjiang. The US cited alleged human rights violations in Xinjiang as the reas...

Johnson calls Brexit deadline

September 07, 2020

British Prime Minister Boris Johnson said that a Brexit trade deal with the European Union should be concluded by October 15.  The politician not...

Number of US non-farm jobs grew to 1,371 million

September 04, 2020

According to the US Bureau of Labor Statistics, an additional 1.371 million nonfarm jobs were created in the US economy in August. These figures are i...

The number of applications for unemployment benefits in the United States fell more than expected

September 03, 2020

According to the US Department of Labor, the number of initial applications for unemployment benefits fell from the revised figure of the previous wee...

The number of unemployed in Germany fell by 9 thousand

September 01, 2020

According to the Federal Agency for Employment of Germany, the number of unemployed in Germany in August 2020 decreased by 9 thousand, to 2.915 millio...

German authorities have improved economic forecast for 2020

September 01, 2020

The German authorities have improved their forecast for the outlook for the economy in 2020 amid signs of effectiveness in efforts to support and stim...

Canada's GDP in the II quarter collapses by a record 38.7%

August 28, 2020

According to Statistics Canada, the country's economy contracted by a record 11.5% in the second quarter compared to the previous quarter and entered ...

US Federal Reserve Eased Policy on Inflation

August 27, 2020

The US Federal Reserve System (FRS) announced today that it will further ease its inflationary policy. Now the target is about 2%, the head of the reg...

European stock indices went up

August 26, 2020

The European trading session began extremely cautiously, as market participants are awaiting the results of tomorrow's speech by US Federal Reserve Ch...

Euro grows due to data from Germany, dollar falls after negotiations between the United States and China

August 25, 2020

The euro is showing growth after the publication of strong statistics from Germany, while the dollar, on the contrary, fell after a successful telepho...

Wall Street grows on diminishing COVID-19 fears

August 24, 2020

The American trading session opened with growth as the United States recorded its lowest coronavirus infection rate in two months. Moreover, the Food ...

EU-UK talks on economic deal will continue on September 7

August 21, 2020

EU negotiator Michel Barnier said that negotiations on a trade and economic deal between the EU and the UK after the end of the Brexit transition peri...

The number of applications for unemployment benefits in the United States exceeded 1 million

August 20, 2020

The number of initial jobless claims rose unexpectedly to 1.106 million, according to the US Labor Department, fueling fears that the recovery in Amer...

Gold prices dropped below $ 2,000 due to dollar stabilization

August 19, 2020

The price of gold dropped today below the level of $2,000 per ounce (to $1,987.93) amid the stabilization of the US dollar in the market. The American...

The number of new buildings in the USA in July grew by 22.6%, better than forecast

August 18, 2020

According to the US Department of Commerce, the number of new homes in the US in July increased by 22.6% compared to the revised figure in June to 1.4...

In July, the level of execution of the OPEC+ deal turned out to be worse than expected

August 17, 2020

The OPEC+ Technical Committee said that in July the level of execution of the deal by OPEC countries was 95%, by non-OPEC countries – 96%. Thus, the...

GDP of the European Union in the II quarter fell by a record 14.1%

August 14, 2020

According to the second estimate of the European statistical agency Eurostat, the GDP of the EU countries in the second quarter fell by 14.1% in annua...

US still can't agree on stimulus package

August 13, 2020

Negotiations between Republicans and Democrats in Congress on the next round of economic aid measures remain stalled.House Speaker Nancy Pelosi said y...

US inflation is growing at its fastest rate since 1991

August 12, 2020

The consumer price index in the US in July accelerated its growth to 1% in annual terms. The June indicator was fixed at around 0.6%. Analysts had for...

The rise in producer prices in the United States was the highest in almost 2 years

August 11, 2020

According to the US Department of Labor, producer prices in the country (PPI) in July 2020 rose by 0.6% compared to the previous month. This was the h...

US stock market opened with growth in hopes of new liquidity injections

August 10, 2020

The US stock market started the week in a positive mood amid hopes for a compromise on a new package of measures to support the population and the eco...

US: 1.8 million jobs added in July, unemployment falls to 10.2%

August 07, 2020

According to the US Bureau of Labor Statistics, only 1.763 million jobs were created in the nonfarm economy. This signals that the recovery of the Ame...

US unemployment claims data are encouraging

August 06, 2020

According to the US Department of Labor, the number of Americans who filed initial applications for unemployment benefits fell to 1.186 million last w...

Fed: US GDP will grow in Q3, activity will return to pre-viral levels by the end of 2021

August 05, 2020

Deputy Chairman of the Federal Reserve System (FRS) Richard Clarida expects the US economy to recover in the second half of 2020. In his opinion, busi...

Gold rises in price on increasing geopolitical risks

August 04, 2020

On Tuesday evening, the price of gold started to rise sharply, reaching $ 2.001 per troy ounce. The growth driver was fears of further deterioration i...

The PMI index of the industry of the eurozone in July rose to 51.8 points

August 03, 2020

According to the research organization Markit Economics, the index of business activity (PMI) in industrial production of 19 eurozone countries in Jul...

EU GDP collapses by record 14.4%

July 31, 2020

According to the statistical agency Eurostat, the GDP of the EU countries in the II quarter fell by 14.4% in annual terms. On a quarterly basis, the i...

German GDP and quarterly losses hit the European market

July 30, 2020

On Thursday, the European stock market crashed after the publication of the German GDP report and disappointing macroeconomic data.Germany's DAX trade...

US GDP plunged by worst-ever 32.9% in the II quarter

July 30, 2020

According to the US Department of Commerce, US GDP in the second quarter contracted by a record 32.9% year-on-year. The American economy has not seen ...

Oil prices accelerated growth amid falling US inventories

July 29, 2020

Oil prices started to rise after the publication of a report from the US Energy Information Administration (EIA). The current Brent price is $ 44.20 p...

Fed extends lending programs until December 31

July 28, 2020

A two-day meeting of the US Federal Reserve System starts today, following which the regulator will make public its decision on the rate and further m...

US dollar trades at 2-year low due to geopolitical and economic risks

July 27, 2020

On Monday evening, the US dollar accelerated its decline in pairs with major foreign exchange competitors amid growing concerns about the deterioratio...

US stock exchanges decline on geopolitical risks and fears for the country's economy

July 24, 2020

According to the trading data, the main US stock indexes are declining on Friday, as investors assess the risks of the conflict between the US and Chi...

Britain and the EU have not agreed on the basic principles of relations

July 23, 2020

The UK's chief Brexit negotiator David Frost said today that Britain and the EU have failed to reach agreement on key issues for a future trade deal. ...

US exchanges open lower on fears of conflict escalation with China

July 22, 2020

At the auction on Wednesday, American stock indices generally show a decline, reacting to the likelihood of aggravation of relations between the US an...

India intends to store crude oil in the US

July 20, 2020

Indian authorities have announced that the country plans to store part of its crude oil reserves in the United States.The government notes that India ...

EU emergency summit lasts for four days

July 20, 2020

The EU summit, following which the leaders of the EU countries should discuss a package of assistance to restore the economy of the countries affected...

Mexico announces completion of OPEC+ commitments and increased production

July 10, 2020

Mexican President Andres Manuel Lopez Obrador said the country has fulfilled its part of the OPEC+ deal and intends to begin to increase oil productio...

The number of applications for unemployment benefits in the US fell to 1.314 million, better than forecast

July 09, 2020

According to the US Department of Labor, the number of initial applications for unemployment benefits for the week ending July 4, fell from a revised ...

The EC approved the plans of Germany to allocate 500 billion euros to help companies

July 08, 2020

The European Commission has announced that it has approved a plan by Germany to create a fund of 500 billion euros to help companies affected by the c...

Baker Hughes: the number of oil and gas drilling rigs in the world decreased for the 4th consecutive month

July 07, 2020

According to the report of the American oilfield services company Baker Hughes, the number of active oil and gas drilling rigs in the world in June de...

Eurozone retail sales up 17.8% in May

July 06, 2020

According to the European statistical agency Eurostat, retail sales in the eurozone in May rose by 17.8% compared with 11.7% in April . Analysts had e...

In May, the US foreign trade deficit rose to a maximum since December 2018

July 03, 2020

According to the US Department of Commerce, the country's foreign trade balance deficit amounted to $54.6 billion in May compared with the revised Apr...

The number of jobs in the US in June jumped to a record 4.8 million

July 02, 2020

According to the US Department of Labor, in June the number of jobs in the economy increased by 4.8 million. This growth was a record since the beginn...

The index of business activity in the US industry in June rose to 52.6%

July 01, 2020

According to the Institute for Supply Management (ISM), the US index of business activity in the US industry rose to 52.6% in June from 43.1% in May. ...

US consumer confidence in June turns better than forecast

June 30, 2020

According to analysts at Conference Board, the US Consumer Confidence Index in June rose to 98.1 points from a revised May figure of 85.9 points. Anal...

More than 40% of S&P 500 companies abandoned forecasts due to coronavirus

June 29, 2020

More than 40% of the S&P 500 companies withdrew quarterly or annual forecasts due to the uncertainty surrounding the outbreak of coronavirus. As t...

US consumer income down 4.2% in May, better than forecast

June 26, 2020

According to the Bureau of Economic Analysis of the US Department of Commerce, consumer income in May fell 4.2% compared with April. Consumer spending...

The final estimate of US GDP in the I quarter: a fall of 5%

June 25, 2020

According to the final estimate of the US Department of Commerce, the country's GDP in the first quarter fell by 5% in annual terms. The indicator coi...

Economists significantly worsen German GDP drop forecast this year

June 23, 2020

The Council of Economic Experts under the German government has adjusted the forecast for German GDP for the current year downward. Now economists exp...

Home sales in the US secondary market in May decreased by 9.7%, worse than forecast

June 22, 2020

Today in the United States published a report of the National Association of Realtors (NAR), traditionally important for the dynamics of the US dollar...

Swiss Central Bank expects deflation in 2020

June 18, 2020

A meeting of the Central Bank of Switzerland took place today, at which the regulator announced that he did not intend to change his super-soft moneta...

Bank of England maintains interest rates and expands QE program

June 18, 2020

Today, a meeting of the Board of the Bank of England took place, at which the regulator kept the key rate at 0.1%, as expected. In addition, the Briti...

US retail sales jump 17.7% in May

June 16, 2020

According to the US Department of Commerce, retail sales jumped 17.7% in May compared with April. Analysts polled by Reuters forecast a growth of just...

UK Central Bank may extend £150 billion QE program on Thursday

June 15, 2020

On Thursday, a meeting of the Bank of England board will take place, during which the regulator can expand the program of «quantitative easing» (QE)...

The number of applications for unemployment benefits in the US fell more than forecast

June 11, 2020

According to the US Department of Labor, the number of applications for unemployment benefits continued to decline last week, although it may take a l...

US annual inflation slows to 0.1% in May

June 10, 2020

According to the US Department of Labor, consumer prices in May rose 0.1% on an annualized basis, and a monthly deflation of 0.1% was recorded. Analys...

German exports collapsed by a record 31.1% in April

June 09, 2020

According to the Federal Statistical Office of German (Destatis), exports in the country, which is the largest economy in Europe, fell in April by 31....

Italy's economy will decline in 2020 by 8.3%

June 08, 2020

According to the forecast of the Italian statistical office ISTAT, the country's GDP will fall by 8.3% this year and recover at 4.6% next year. The ag...

OPEC+ meeting scheduled for June 6

June 05, 2020

Today it became known that the ministerial meetings of OPEC and OPEC + will be held on the same day, June 6. The decision to hold these events suggest...

The ECB has added another 600 billion euros to combat the crisis

June 04, 2020

Today, a meeting of the European Central Bank (ECB) and a speech by regulator Christine Lagarde took place. The Central Bank kept the base rate at the...

Egypt launched an oil well at 123 thousand barrels per month

June 03, 2020

Egypt has commissioned a new well in the Western Desert, capable of producing more than 0.5 million cubic meters of natural gas and more than 4 thousa...

NBK requires additional monetary policy measures

June 02, 2020

The Central Bank of China said that the economic damage from the coronavirus pandemic was stronger than expected, and that additional monetary policy ...

Eurozone PMI index in May turned out to be worse than forecast

June 01, 2020

According to the final assessment of the research organization Markit Economics, the index of business activity (PMI) in industrial production of 19 c...

Italian economy experienced the strongest GDP decline in history in Q1

May 29, 2020

According to the final data of the statistical agency Istat, the Italian economy in the first quarter of 2020 decreased by 5.3% in quarterly terms and...

US oil inventories unexpectedly rose 1.5% over the week

May 28, 2020

According to the US Energy Information Administration (IEA), commercial oil reserves in the country for the week ending May 22 grew by 7.9 million bar...

EC wants to give an additional 11 billion euros to EU countries

May 27, 2020

The European Commission proposes to adjust the multi-year financial plan of the European Union 2014-2020 to be able to allocate an additional 11.5 bil...

Fed is ready for policy change

May 26, 2020

The Federal Reserve is ready to move on targeting the yield of treasury bonds – this was the conclusion made by market participants by analyzing the...

US unemployment may exceed 20% in May

May 25, 2020

White House economic adviser Kevin Hassett said the US unemployment rate could be over 20% in May amid a coronavirus pandemic. The politician also sug...

China abandons GDP target in 2020

May 22, 2020

China stated that it does not intend to set an annual target indicator of economic growth this year, since it is much more important to focus on stabi...

Fed noted extreme uncertainty and significant economic risks due to pandemic

May 21, 2020

The publication of the minutes of the April FOMC meeting reflected the call of Fed leaders to action to save the economy from the consequences of the ...

Eurozone inflation slows to a minimum in April from 2016

May 20, 2020

According to the final data of the Statistical Office of the European Union (Eurostat), consumer prices in the eurozone in April rose by 0.3% in annua...

UK announces new tariff regime after Brexit

May 19, 2020

The UK has announced a new tariff regime after Brexit, which will replace the external tariff of the European Union. This was stated by British Foreig...

Japan slides into worst recession in post-war history

May 18, 2020

The Japanese economy has slipped into recession for the first time in four and a half years in the first quarter of 2020 and could survive the worst r...

Eurozone economy contracted at record pace in Q1

May 15, 2020

According to the Statistical Office of the European Union (Eurostat), the eurozone economy in the first quarter fell at a record pace, as measures to ...

UN: pandemic will reduce world production by $ 8.5 trillion

May 14, 2020

According to the forecast of the UN Department of Economic and Social Affairs, the global economy will fall due to a coronavirus pandemic of approxima...

UK retail sales slow at record pace in April

May 13, 2020

UK retail sales plummeted last month as coronavirus control measures limited consumer activity.According to the British Retail Consortium (BRC), retai...

China will abolish increased import duties for a new group of American goods

May 12, 2020

China freed another group of American goods from higher import duties, which were introduced at the height of the trade war with the United States. Wi...

The European Commission expects the second wave of coronavirus

May 11, 2020

The President of the European Commission said that EU countries could face the second wave of the spread of coronavirus, and all measures should be ta...

Unemployment in the US in April jumped to 14.7% and renewed a maximum since 1940

May 08, 2020

According to the US Department of Labor, unemployment in April updated the record since 1940 and jumped to 14.7% from March 4.4%, while the number of ...

Industrial production in Germany in March fell at a record pace

May 07, 2020

According to the German Ministry of Economics and Labor, industrial production in the country fell by 9.2% in March compared with the previous month, ...

US private sector reduces by 20.236 million

May 06, 2020

According to a US employment report from ADP, a record 20.236 million Americans lost their jobs in April. Analysts had forecast a decline of 20.050 mi...

US stocks rise in hope of global economic recovery

May 05, 2020

According to trading data, the main US indices are growing amid the emergence of prospects for the recovery of the global economy after the crisis cau...

Pandemic and crisis could set Italy's technological development back for 20 years ago

May 04, 2020

Ernesto Ferlenghi, president of Confindustria Russia (Association of Italian Industrialists in Russia), said that the crisis caused by the Covid-19 pa...

Baker Hughes announces April 2020 rig counts

May 01, 2020

According to Baker Hughes, an American oil and gas service company, the number of oil and gas drilling rigs around the world fell in April in monthly ...

ECB leaves interest rates unchanged

April 30, 2020

According to the results of the meeting on Thursday, the European Central Bank (ECB) kept the base interest rate on loans at zero and the deposit rate...

US GDP drops 4.8%

April 29, 2020

According to the first estimate, US GDP in the first quarter of 2020 fell by 4.8%. Analysts had expected a decrease of 4%. A negative impact on the ec...

Unemployment in Spain jumped to 14.4%

April 28, 2020

According to the National Statistical Institute of Spain, the country's unemployment rate rose to 14.4% in the first quarter of 2020. In the previous ...

Gold slips amid boost risk appetite

April 27, 2020

On Monday, the price of gold began to decline amid rising risk appetite after signs that countries could soon weaken coronavirus-driven lockdowns. The...

US Consumer Sentiment better than forecast in April

April 24, 2020

The University of Michigan Consumer Sentiment Index, which reflects household confidence in the US economy, fell to 71.8 in April.The March indicator ...

Eurozone business activity drops to a record low in April

April 23, 2020

Business activity in the eurozone in April reached another record low, which is a sign that the coronavirus pandemic is causing serious economic damag...

UK March inflation slows to 1.5%

April 22, 2020

According to the National Statistical Office (ONS) of Great Britain, consumer prices in March rose by 1.5% year on year compared with the February fig...

Oil market collapses again

April 21, 2020

The situation in the oil market has again become the focus of attention of traders. For the first time in history, the price of WTI crude oil fell bel...

China lowered key rate for the second time since the beginning of the year

April 20, 2020

Today China for the second time since the beginning of the year lowered lending rates to support the economy and the population affected by the corona...

Philippines is the first in the world to close the stock market due to coronavirus

March 17, 2020

Today, the Philippine Stock Exchange closed indefinitely, and trading in foreign currency and bonds was suspended. This was the world's first market c...

China showed worst economic performance in 30 years

March 16, 2020

Since the beginning of 2020, the Chinese economy has experienced the most severe recession in the last 30 years, caused by the rapidly spreading coron...

The EU will allocate 37 billion investment to combat the effects of coronavirus

March 13, 2020

The European Union decided to create an investment initiative of €37 billion as part of a package of measures to protect the region’s economy from...

The ECB has kept rates unchanged, but introduced a stimulus package against coronavirus

March 12, 2020

According to the results of the European Central Bank (ECB) meeting, the regulator left key interest rates at the same levels, but presented a package...

Bank of England urgently cut rate to deal with coronavirus effects

March 11, 2020

The Bank of England unexpectedly lowered its base interest rate in an attempt to support the British economy amid the spread of coronavirus in the cou...

Saudi Arabia will increase oil supplies to 12.3 million barrels per day in April

March 10, 2020

Saudi Arabian State Oil Company Saudi Aramco intends to increase oil supplies to 12.3 million barrels per day in April. The company expects this to ha...

Italy will allocate 7.5 billion euros to fight against coronavirus

March 06, 2020

The Italian authorities intend to allocate 7.5 billion euros ($8.4 billion) to combat the epidemic of a new type of coronavirus COVID-19, which turned...

Bank of Canada cut a key rate due to virus fears

March 05, 2020

The Bank of Canada cut its key rate from 1.75% to 1.25% amid a rapidly spreading outbreak of coronavirus and said it was ready to soften monetary poli...

US Federal Reserve cut the rate unscheduled for the first time since 2008

March 04, 2020

The Federal Reserve Board unexpectedly lowered its base interest rate from 1.5-1.75% to 1-1.25%, dropping it by 50 basis points at once. Market partic...

Central Bank of Australia lowered rate to record low

March 03, 2020

The Central Bank of Australia has lowered its key interest rate from 0.75% to 0.5% per annum. The regulator reduces the rate for the fourth time in le...

Italy's GDP growth slowed in 2019 to 0.3%, a minimum for 5 years

March 02, 2020

According to official figures, Italy's economic growth in 2019 has slowed to its lowest level since 2014 of 0.3% compared with 0.8% in 2018. Italian a...

Eurozone inflation expectations drop to record low

February 28, 2020

A key market indicator of long-term inflation expectations in the eurozone fell to a record low amid growing concerns about the spread of coronavirus ...

European stock exchanges fall by more than 3% on concerns over coronavirus

February 27, 2020

Major European stock indexes on Thursday evening accelerated the pace of decline and are already falling by more than 3%. Experts note that the pressu...

German economy nears stagnation in first quarter with coronavirus outbreak

February 26, 2020

The German Institute for Economic Research DIW reported that Germany’s economy is close to stagnation in the first quarter of 2020 due to the corona...

Italy has become the epicenter of the spread of Chinese coronavirus

February 25, 2020

Italy warned the EU that it could require substantial assistance if the unexpected spread of coronavirus in the country's industrial regions would hav...

The ECB expects the completion of the coronavirus epidemic will lead to a significant revival of the eurozone economy

February 21, 2020

Philip Lane, chief economist at the European Central Bank (ECB), said that the spread of the coronavirus Covid-19 is the central agenda for the Centra...

Gold has risen to a high in 7 years

February 20, 2020

Gold prices rose to a maximum in 7 years due to fears that an outbreak of coronavirus will slow down global growth, as well as amid rumors that the US...

UK annual inflation accelerates to 1.8% in January

February 19, 2020

According to the Office of National Statistics (ONS), inflation in Great Britain accelerated in January to 1.8% from 1.3% in December in annual terms,...

Apple shares down 3.6%

February 18, 2020

Stock prices of the American company Apple Inc are reduced today by 3.6% during preliminary trading. Even earlier, the stock drop exceeded 4%. The Nas...

Japan's GDP in the IV quarter fell at the fastest rate since 2014

February 17, 2020

In the fourth quarter of 2019, Japan's GDP fell by 6.3% year on year after increasing the consumption tax in the country. Such rates of decline became...

US industrial production in January fell by 0.3%

February 14, 2020

According to the US Federal Reserve, the volume of industrial production in the United States in January decreased by 0.3% compared to the previous mo...

US annual inflation accelerates to 2.5% in January

February 13, 2020

According to the US Labor Department, consumer prices in the US in January rose 2.5% year on year, and on a monthly basis inflation was 0.1%. Experts ...

China maintains its goal of GDP growth despite coronavirus exposure

February 12, 2020

Deputy head of the PRC Academy of Social Sciences Cai Fan said that China will be able to achieve its long-term goal of doubling GDP and income this y...

UK economy showed zero growth in the IV quarter

February 11, 2020

The UK economy showed zero growth in the last quarter of 2019. According to preliminary data from the National Statistical Office (ONS), GDP in Octobe...

Gold rises in price, the market estimates the economic damage from the coronavirus

February 10, 2020

Today, Gold quotes rose to a week maximum, reaching $1,580 per troy ounce. The precious metal is getting more expensive as rising concerns about the e...

The number of applications for unemployment benefits in the US fell to a minimum since April

February 07, 2020

According to the U.S. Department of Labor, the number of Americans applying for unemployment benefits for the first time fell by 15 thousand to 202 th...

OPEC + committee proposes a stronger reduction in production due to coronavirus

February 06, 2020

The OPEC+ Technical Committee recommended that the organization’s member countries reduce oil production by another 600 thousand barrels per day in ...

Retail sales in the eurozone in December fell 1.6%, worse than forecast

February 05, 2020

According to the European statistical agency Eurostat, retail sales in the eurozone in December fell by 1.6% compared with November. Analysts had expe...

Boris Johnson does not want to accept EU standards

February 04, 2020

The sterling lost more than 1% after British Prime Minister Boris Johnson said he would not accept EU standards as the price for securing a free trade...

The index of business activity in the manufacturing sector in Germany in January amounted to 45.3

February 03, 2020

According to the final data of the research organization IHS Markit, the index of business activity in the manufacturing sector of Germany (PMI Manufa...

Annual inflation in the Euro zone accelerated to 1.4 in January%

January 31, 2020

According to the European statistical Agency Eurostat, annual inflation in the 19 countries of the Eurozone in January, according to a preliminary est...

Interest rates left at 0.75% amid signs of rebound for UK economy

January 30, 2020

Today, the Bank of England held a meeting, at which left rates unchanged at 0.75%. Representatives of the Central Bank noted that there is no need for...

Germany raises 2020 growth forecast slightly to 1.1%

January 29, 2020

The German government raised its forecast for GDP growth for 2020 and promised to create all conditions for the influx of investments into the country...

OPEC wants to extend production cuts until June due to virus in China

January 28, 2020

OPEC representatives said the organization is ready to extend the current decline in oil production until June, if the spread of the new coronavirus s...

Experts: China's GDP growth in I quarter may slow down below 6% due to the outbreak of pneumonia

January 27, 2020

Experts note that due to the outbreak of pneumonia in China, the growth rate of the Chinese economy may slow down below 6% in the first quarter of 202...

Eurozone business activity index unchanged in January

January 24, 2020

According to preliminary data from the Markit Economics Research Organization, the composite index of business activity in industry and services (PMI)...

ECB holds rates unchanged

January 23, 2020

Today, the European Central Bank (ECB) held a meeting, following which the regulator left key interest rates at the same levels, and began reviewing i...

US intends to cut a middle-class tax

January 22, 2020

During an interview with The Wall Street Journal at the World Economic Forum in Davos, U.S. President Donald Trump said his administration is working ...

Global stocks fall amid fears of new virus in China

January 21, 2020

Chinese and European stocks show a decline amid concerns about the spread of a new coronavirus in China. The virus, which broke out at the beginning o...

Oil prices jump as Libyan pipeline shutdown cripples output

January 20, 2020

The price of oil today rose to more than a weekly maximum after the shutdown in two large fields in Libya, which could drastically reduce supplies fro...

China’s GDP grows at slowest pace in 29 years

January 17, 2020

According to the official forecast of the National Bureau of Statistics of China, GDP growth in the IV quarter of 2019 amounted to 6.0% in annual term...

U.S. and China sign phase one of trade deal

January 16, 2020

The ceremony of signing the agreement on the first phase of the trade dispute between the US and China took place last night. US President Donald Trum...

German inflation accelerates to 1.5% in December

January 16, 2020

According to the Federal Statistical Office of Germany (Destatis), consumer prices, calculated according to national standards, increased by 1.5% in D...

Eurozone industrial production rose 0.2% in November

January 15, 2020

According to Eurostat data, Eurozone industrial production rose in November for the first time in three months.Industrial production rose 0.2% in Nove...

US consumer prices increase by 2.3% in December

January 14, 2020

According to the US Labor Department, consumer prices in December rose 2.3% year-on-year; on a monthly basis, inflation was 0.2%. The annual indicator...

UK industrial production drops 1.2% in November

January 13, 2020

According to the UK Office for National Statistics, industrial production in the country in November fell by 1.2% compared to October. In annual terms...

U.S. job growth slows in December, unemployment rate steady at 3.5%

January 10, 2020

According to the Labor Department data, the U.S. economy has shown less job growth outside the agricultural sector (Nonfarm Payrolls), as the jobs mar...

U.S. weekly jobless claims fall, ranks of unemployed swelling

January 09, 2020

According to the US Department of Labor, the number of Americans applying for unemployment benefits for the first time fell to the lowest level in 5 w...

US Senate Profile Committee approves USMCA Trade Agreement

January 08, 2020

The United States Senate Committee on Finance has approved the U.S.-Mexico-Canada Trade Agreement Implementation Act (USMCA). The document was adopted...

Gold rolled back from seven-year highs

January 07, 2020

On Tuesday, the price of gold in Asia fell back from seven-year highs in the $1,582.59 area after tensions in the Middle East declined slightly. Earli...

Eurozone investor sentiment jumps to the highest since November 2018

January 06, 2020

According to Sentix Research Center, investor sentiment in the eurozone improved in January for the third month in a row. Moreover, the current mood i...

Experts predict global economic growth in 2020

December 31, 2019

Analysts positively assess the prospects for the development of the global economy in 2020.Economists expect the active phase of the US-China trade wa...

Beijing authorities urged to abandon cryptocurrency trading

December 30, 2019

Several municipalities in Beijing, including the Financial Supervision and Administration Service, the People’s Bank of China Business Administratio...

Russian authorities are considering the possibility of exit from the OPEC +

December 27, 2019

The head of the Ministry of Energy of the Russian Federation, Alexander Novak, said that the Russian authorities will soon consider the issue of a pos...

Oil is on the way to new highs

December 26, 2019

Oil prices continue their upward movement. Growth is supported by expectations of a Washington and Beijing trade deal, as well as data on a decrease i...

China says it is in close touch with U.S. on trade deal

December 25, 2019

US President Donald Trump and President Xi Jinping of China announced that the first phase of a comprehensive trade agreement has already been conclud...

Canada's GDP falls 0.1 per cent in October

December 24, 2019

Canada's economic indicators unexpectedly fell in October amid a sharp decline in manufacturing and retail sales.According to Statistics Canada data, ...

Gold rises weakly in anticipation of details of the trade agreement

December 23, 2019

The price of gold is growing slightly on Monday, market participants are waiting for further news from the front of the trade war. The cost of the Feb...

US Commerce Department maintains estimate of country's GDP growth in Q3 at 2.1%

December 20, 2019

According to the third and final estimate of the US Commerce Department, real gross domestic product (GDP) increased at a 2.1% rate. The indicator coi...

China exempts a number of American goods from duties

December 19, 2019

After the United States and China announced the conclusion of the first phase of trade deal, Beijing unveiled a new list of exempted from duties goods...

Kazimir: Weak eurozone growth could last for years

December 18, 2019

European Central Bank Governing Council member Peter Kazimir said, that the eurozone economy may remain weak until the block solves a number of struct...

The price of palladium topped $2 thousand per ounce

December 17, 2019

The cost of palladium today set a new historical record, exceeding $2 thousand per troy ounce.The price of the metall in the morning hours reached $20...

UK business activity drops to a low since July 2016

December 16, 2019

According to the IHS Markit, business activity in the UK economy declined for the second month in a row in December, with the recession being the shar...

Trump may become the third US president impeached

December 16, 2019

This week U.S. President Republican Donald Trump is likely to become the third U.S. president faced with the impeachment. Previously, Andrew Johnson a...

China and US negotiate ahead of new round of tariffs

December 12, 2019

The Chinese Ministry of Commerce said today that Beijing and Washington are in close contact on a further trade agreement. At the same time, the Minis...

US inflation firms in November

December 11, 2019

According to the Labor Department, U.S. consumer prices increased solidly in November by 2.1% compared with the same month the previous year. Thus, in...

Oil prices are in the red amid worries about a trade war

December 10, 2019

Oil prices continue to decline on Tuesday, as concerns over slowing demand outweighed optimism after reaching an OPEC + agreement to increase producti...

German exports rose unexpectedly in October by 1.2%

December 09, 2019

According to the Federal Statistical Office data, exports from Germany rose in October by 1.2% compared to September. Import figures have not changed....

Strong labor market report pushes the dollar up

December 06, 2019

According to the US Department of Labor, US unemployment in November fell to 3.5%, the lowest level since December 1969. October indicator was fixed a...

The number of initial claims for unemployment benefits in the US fell by 10 thousand

December 05, 2019

According to the report of the US Department of Labor, the number of Americans filing applications for unemployment benefits unexpectedly fell last we...

U.S. private sector job growth slows down sharply in November

December 04, 2019

According to the press release from the analytical company Automatic Data Processing (ADP), U.S. private-sector employment increased only 67,000 in No...

Trump: The deal with China will have to wait until the 2020 elections

December 03, 2019

U.S. President Donald Trump noted that he could postpone the signing of a trade agreement with China for an indefinite period, until the US presidenti...

China imposed sanctions against a number of US organizations

December 02, 2019

According to a statement by representatives of the Ministry of Foreign Affairs of the People's Republic of China, the Chinese authorities imposed sanc...

Eurozone inflation rebounds more than expected

November 29, 2019

According to preliminary estimates of European statistical agency Eurostat, annual inflation in 19 countries of the Eurozone in November jumped to 1% ...

Bitcoin Price rose up to $7500 after a drawdown

November 28, 2019

After a drawdown amid the news about the hacking of the Upbit exchange, the price of bitcoin showed a sharp increase. The current cryptocurrency quote...

US GDP growth revised up to 2.1%

November 27, 2019

According to the press release from the US Department of Commerce, the US economy grew at a 2.1% annual pace in the III quarter, which exceeded foreca...

Oil gains on trade-talk optimism

November 26, 2019

According to trading data, world oil prices began to rise today amid optimism around the prospects for trade relations between the US and China. Addit...

Top Top