Global Events

The precious metal futures for December delivery rose by 0.7%

14 November 02:19 PM OPEC, allies mull oil 1.4m bpd supply cut – report

The Organization of Petroleum Exporting Countries and its partners are considering a proposal to lower oil production by up to 1.4 million barrels per day.

Oil and Energy

14 November 01:47 PM Eurozone industrial output falls 0.3% in September, EU28 0.2%

The Eurozone’s industrial production declined by 0.3% in September, compared with August, official data revealed on Wednesday.

Global Reports

14 November 01:20 PM Eurozone grows at 0.2%, EU28 at 0.3%

Gross domestic product in the Eurozone rose 0.2% in the third quarter of 2018, while the growth rate came in at 0.3% in the EU28

Goods and Metals

14 November 12:53 PM UK output price inflation edges up to 3.3% in October

The UK producer price index for the goods leaving factories rose to 3.3% on the year to October, from 3.1% in September.

Goods and Metals

14 November 12:36 PM UK inflation steadies at 2.4% in October

The UK's consumer price index (CPI), the country’s headline inflation indicator, stood at 2.4% year-on-year in October, unchanged from September.

Global Reports

14 November 12:35 PM German economy shrinks in Q3 for first time since 2015

German economy contracted in the third quarter, as auto manufacturers struggled to adapt to a new emissions-testing protocol and trade rows dented exports.

Global Reports

14 November 12:03 PM US shale oil output to rise 113,000 bpd in December

Crude oil production from the seven most prolific US shale regions was set to jump by 113,000 barrels per day..

Oil and Energy

14 November 11:49 AM Japan economy shrinks in Q3 on natural disasters, falling exports

Japanese economy shrank in the third quarter of 2018, impacted by natural disasters and a drop in exports and consumption.

Goods and Metals

14 November 10:53 AM Oil extends 7% slump on surging supply, fading demand

Oil dropped on Wednesday, extending losses from a 7% slide in the earlier session, as soaring supply and the prospect of fading demand spooked traders.

Goods and Metals

13 November 06:28 PM Spain plans to ban selling petrol, diesel car from 2040

Spain plans to introduce a ban on sales of petrol, diesel and hybrid cars from 2040

Goods and Metals

13 November 05:50 PM Germany invests $1.1bn in EV battery cell production

The German government set aside around EUR 1 billion ($1.1 billion) to support battery cell production.

Global Reports

13 November 05:02 PM German inflation hits 10-yr high in October

Final estimates has indicated on Tuesday that consumer prices in Europe's largest economy have hit their peak in just over a decade in October.

Global Reports

13 November 04:28 PM OPEC warns of 2019 oversupply on demand slowdown, rival hikes

The Organization of Petroleum Exporting Countries warned on Tuesday that an oil supply glut could appear in the next year as global economy slows

Oil and Energy

13 November 04:02 PM OPEC oil output rises 127,000 bpd in October

The Organization of Petroleum Exporting Countries raised its oil production in October, led by the UAE and Saudi Arabia, while Iranian output continued

Oil and Energy

13 November 03:40 PM OPEC lowers world oil demand growth forecasts

The Organization of Petroleum Exporting Countries downgraded its global oil demand forecasts for this year and next, while it raised non-OPEC supply projections.

Goods and Metals

13 November 02:47 PM British Airways owner in talks with Spain on EU ownership

British Airways parent International Airlines Group was reportedly in talks with Spain to protect its ownership rights in the European Union

Goods and Metals

13 November 02:22 PM German business sentiment slightly improves November

German economic confidence saw a slight improvement in November, as investor do not expect a quick recovery from the current weak developments in the economy,

Global Reports

13 November 02:15 PM UK jobless rate ticks up in Q3; wage growth accelerates

The UK Labour Force Survey estimates indicated that the number of working people increased between the second quarter and the third quarter of this year.

Global Reports

13 November 02:10 PM Brexit deal ‘within touching distance’ – PM deputy

A divorce agreement between the UK and the European Union (EU) is still possible in the next .24 or 48 hours

Global Reports

13 November 02:09 PM US-Sino trade conflict could prompt protectionism among countries–Malaysia PM

Trade tensions between the world’s two largest economies would have a “domino effect” on trade policies of other countries which would turn to protectionism

Goods and Metals

13 November 02:08 PM US Treasury Secretary speaks with China vice PM - report

US Treasury Secretary Steven Mnuchin continued discussions with Chinese Vice Premier Liu He, in a phone call between the two top officials

Goods and Metals

13 November 02:06 PM Oil drops after Trump urges OPEC not to cut output

Oil prices dropped on Tuesday after US President Donald Trump demanded the Organization of Petroleum Exporting Countries not to lower production to support markets

Goods and Metals

9 November 10:33 PM Gold settles at month-low

Gold futures for December delivery fell by $16.50

Goods and Metals