Global Events

12:46 AM Gold settles higher at $1,210
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.
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.
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
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.
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.
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.
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..
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.
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.
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
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.
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.
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
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
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.
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
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,
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.
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
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
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
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
9 November 10:33 PM Gold settles at month-low
Gold futures for December delivery fell by $16.50
8 November 10:56 PM Gold settles lower as USD strengthens
Gold futures for December delivery fell by 0.3%