U.S. stock market warns of recession, but some investors see it as just noise – Bloomberg

2023-09-25 00:31:30 Small-cap and industrial stocks are falling in the U.S. stock market, a classic signal of a recession, but this is unlikely for now as stocks have already outperformed expectations this year. Some investors see it as nothing more than noise. The S&P 500 Capital Goods and Services Index has fallen 8% since peaking … Read more

Oil prices recorded $93.27 for Brent crude and $90.03 for American crude

2023-09-23 11:21:00 Written by – Marwa Al-Ghoul Saturday, September 23, 2023 02:21 PM Prices recorded Oil $93.27 per barrel for Brent crude futures, and US West Texas Intermediate crude futures recorded $90.03 per barrel upon settlement on Friday. The Russian government announced the imposition of temporary restrictions on the export of gasoline and diesel fuel … Read more

Optimism about demand recovery in China is driving oil prices higher

2023-09-18 03:03:16 Analysts at ANZ said in a note that the growth in global oil demand is heading towards recording 2.1 million barrels per day, which is consistent with the expectations of the International Energy Agency and the Organization of the Petroleum Exporting Countries (OPEC). Traders are awaiting monetary policy decisions by central banks, including … Read more

Fed may raise rates one more time, remains cautious due to ‘disappointing’ CPI data – Bloomberg

2023-09-13 18:25:00 The higher rate of inflation in August makes it more likely that U.S. Fed officials will hold off on raising interest rates at this month’s meeting, leaving open the option of raising rates further in November or December. In the US Consumer Price Index (CPI) statistics for August released on the 13th, the … Read more

Why China Avoids Bazooka Stimulus – QuickTake – Bloomberg

2023-09-06 04:59:01 The government has announced gradual measures to support the economy after a series of weaker-than-expected economic data in China puts the country’s gross domestic product (GDP) growth target of around 5% at risk this year. are teaching. But it has postponed the implementation of a “bazooka” type of stimulus, similar to the 2008-09 … Read more

Saudi Arabia unexpectedly extends voluntary production cuts for 3 months, Russia follows up – Bloomberg

2023-09-05 13:51:36 Saudi Arabia will extend its voluntary oil production cuts for another three months in a bid to shore up fragile global markets. Russia will also continue to cut crude oil exports for the same period. According to the state-run Saudi Press Agency (SPA), Saudi Arabia will continue its voluntary production cut of 1 … Read more