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23 May 03:51 PM

Morocco news

moments ago US jobless claims decline by 1,000
The number of unemployed individuals in the US who applied for benefits declined last week, official weekly data showed on Thursday.
Global Markets brief
35 minutes ago Car giants axe 38,000 jobs as sales tumble – Report
Auto giants announced at least 38,000 layoffs over the past six months.
Global Reports
2 hours ago JLL leapfrogs in Fortune 500 list
The leap of the leading professional services firm was the second biggest move on the prestigious list.
Global Reports
2 hours ago Gold prices firm as trade blues, Fed approach support dollar
Trade tensions supported the dollar, while investors looked for a direction after the minutes of the Federal Reserve meeting indicated that rates would remain unchanged.
Global Markets brief
4 hours ago German business morale falls in May on weak services
The German business climate index slid to 97.9 points in May, from the revised 99.2 in April.
Global Markets brief
4 hours ago Eurozone business posts sluggish growth in May as demand stagnates
Factories in the Eurozone reported tougher conditions, as the output extended its contraction for the fourth month in a row.
Global Reports
The USD-EGP exchange rate settled at EGP 16.9 for buying at NBE
5 hours ago USD stabilises against EGP early Thursday
Cairo – Mubasher: The US dollar exchange rate against the Egyptian pound has stabilised earlier on Thursday at 18 banks. The USD rate remained stable at EGP 16.9 for buying and EGP 17 for selling at National Bank of Egypt (NBE), Banque Misr, and …
Macroeconomics
5 hours ago German private sector growth hits 3M-peak in May
Germany’s flash composite output index came in at 52.4 in May, up from 52.2 in April.
Global Reports
oil futures declined at Wednesday’s settlement on the back of higher US inventories
10:47 AM Kuwait’s crude oil price drops 45 cents on Wednesday
Mubasher: The price of Kuwait’s crude oil went down 45 cents to settle at $71.65 per barrel (pb) on Wednesday, compared to $72.10 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). Globally, oil futures declined …
Commodities
10:42 AM Mining giant BHP sees ‘sooner-than-expected’ end to coal era
BHP Group will direct its focus to boost “value to shareholders” at its thermal coal mine in Australia and the Cerrejon business in Colombia.
Global Reports
10:22 AM Oil falls on building US crude inventories amid economic fears
US crude inventories climbed by 4.7 million barrels in the week ended 17 May to 476.8 million barrels, hitting their highest level since July 2017.
Oil and Energy
12:12 AM Oil ends lower on Wednesday  
Mubasher: Oil futures fell at Wednesday’s settlement, as US inventories rose.  
Oil and Energy
22 May 10:21 PM Gold goes up at Wednesday’s settlement   
Mubasher: Gold settled higher on Wednesday, as minutes from the Federal Open Market Committee showed near consensus over patient stance on interest rates.
Goods and Metals
22 May 03:04 PM UK house prices grow 1.4% in March
Annual house price growth in the UK picked up during March, the Office for National Statistics (ONS) said.
Global Markets brief
22 May 02:53 PM Japan’s exports fall for fifth month amid US-Sino trade disputes
The drop in exports was mainly ascribed to a 41% plunge in China-bound shipments of chip-making tools and semiconductor components.
Global Markets brief
Kuwait’s oil output increased by 13,000 bpd year-on-year in March to 2.713 mbpd
22 May 01:38 PM Kuwait’s oil exports edge up in March – JODI
Mubasher: Kuwait’s oil exports inched up 0.69% to 2.034 million barrels per day (mbpd) in March, compared to 2.020 mbpd for the same month a year earlier, according to the Joint Organisations Data Initiative (JODI). The GCC nation’s oil exports …
Sector Reports
22 May 01:24 PM US considers adding 5 Chinese surveillance firms to blacklist
The ban on the Chinese giant also threatened to derail global economic growth and disrupt the rollout of fifth-generation (5G) networks.
Global Reports
22 May 12:21 PM UK output price growth slows down slightly in April
Crude oil provided the biggest upward contributions to input annual inflation rate, climbing to 6.9% year-on-year.
Global Markets brief
22 May 12:04 PM UK consumer inflation picks up steam in April
The UK's consumer price index, the headline gauge for the country’s inflation, edged up to 2.1% year-on-year in April, from 1.9% in March.
Global Markets brief
The trade surplus growth was attributed to a 31.8% increase in Kuwait’s exports to Japan
22 May 11:59 AM Kuwait’s trade surplus with Japan hits $642m in April
Mubasher: Kuwait’s trade surplus with Japan surged 44.4% year-on-year to JPY 70.87 billion ($642.12 million) in April from JPY 49.06 billion ($444.51 million), the Japanese finance ministry said on Wednesday. The trade surplus growth was …
Commodities
22 May 11:57 AM UK public borrowing hits 12-yr trough in April
The UK's public sector net borrowing recorded the lowest April level since 2007.
Global Markets brief
22 May 11:10 AM Gold wobbles near 2-week trough as dollar strengthens
A firmer dollar and signs of easing tensions between the US and China limited demand for the precious metal.
Goods and Metals
Global oil prices declined on Wednesday
22 May 10:48 AM Kuwait’s crude oil price slides 86 cents on Tuesday
Mubasher: The price of Kuwait’s crude oil decreased by 86 cents to settle at $72.1 per barrel (pb) on Tuesday, compared to $72.96 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the international level, oil …
Macroeconomics
22 May 10:47 AM Oil drops on US stockpile increase despite tight market
US oil inventories climbed by 2.4 million barrels last week to 480.2 million barrels.
Oil and Energy
22 May 12:37 AM Oil levels down at Tuesday’s settlement
​​​​​​​Mubasher: Oil futures settled lower on Tuesday on worries over the impact of Sino-American spat and the tensions in the Middle East on demand.
Oil and Energy