US Crude Oil Inventories Surge: What Does It Mean for the Market?
US crude oil inventories increased by 1.232 million barrels in the week ending November 29, according to API data. This rise exceeds expectations and could impact the oil market. R...
Economy News
Australian Services Sector Sees Continued Expansion in November Amid Rising Business Confidence
The Australian services sector continued to expand in November, with incoming new business and activity both rising, albeit at softer rates. Business confidence reached its highest...
Inflationary Pressure Looms as Exchange Rates Surge: BOK's Warning
Kim Woong, deputy governor of the Bank of Korea, warns of inflationary pressure due to high exchange rates starting in December. The Consumer Price Index (CPI) for November showed ...
Eurozone Manufacturing Crisis Deepens in November: PMI Hits New Low
The manufacturing sector in the Eurozone continued to struggle in November, with the Purchasing Managers' Index (PMI) dropping to 45.2 from 46 in October, according to a joint repo...
UK Manufacturing Sector Faces Deeper Slump in November
The UK's manufacturing sector saw a deeper slump in November, hitting a nine-month low with a score of 48.0, a drop of 1.9 index points compared to the month before, according to S...
Eurozone Unemployment Holds Steady at 6.3% in October: A Detailed Analysis
The seasonally adjusted unemployment rate in the euro area stood at 6.3% in October, unchanged from last month's reading, Eurostat revealed in its report issued on Monday. The rate...
US Manufacturing Activity Shows Encouraging Signs in November
Manufacturing activity in the United States improved slightly in November, according to a report by S&P Global. The Manufacturing PMI reached 49.7, up from 48.5 in October, althoug...
US Manufacturing Sector Shows Signs of Recovery in November: ISM Report
The US manufacturing sector showed slight improvement in November, according to a report from the Institute for Supply Management (ISM). The Purchasing Managers' Index (PMI) rose f...
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