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16 October 03:09 PM

Palestine news

33 minutes ago UK house price growth picks up in August
Mubasher: House prices in the UK rose at the slowest pace almost seven years, during the 12-month period ended last August.
Global Reports
50 minutes ago Huawei’s revenue climbs 24.4% in Q3
Mubasher: Huawei on Tuesday reported that its revenue jumped by 24.4% year-on-year in the third quarter of this year.
Global Markets brief
1 hour ago Gold edges up on Brexit uncertainty; risk-on appetite caps gains
Mubasher: Gold traded higher on Wednesday owing to uncertainty surrounding Brexit negotiations, but a risk-taking sentiment limited gains.
Global Markets brief
Total grain production dropped to 17.9 million tonnes
1 hour ago Egypt’s wheat output hits 8.6m tonnes in FY17/18 – CAPMAS
Cairo – Mubasher: Wheat production in Egypt rose by 1.6% year-on-year during fiscal year 2017/2018, the Middle East News Agency (MENA) reported on Wednesday.  The North African nation’s wheat output increased to 8.6 million tonnes in FY17/18, …
Macroeconomics
2 hours ago Updated Oil rises on Brexit optimism; weak growth outlook drags
Mubasher: Oil prices declined on Wednesday, dragged down by weaker fuel demand outlook amid lingering worries over a global economic slowdown.
Global Markets brief
2 hours ago Eurozone trade surplus grows in August
Mubasher: Preliminary estimates suggested that the Eurozone ran a trade balance surplus of EUR 14.7 billion in August.
Global Markets brief
3 hours ago Eurozone annual inflation decelerates in September
Mubasher: Final estimates showed that the Eurozone annual inflation grew at 0.8% in September, down from 1% in August.
Global Markets brief
3 hours ago UK output prices growth loses more pace in September
Mubasher: Producer price index for the goods leaving UK factories rose at a slower rate of 1.2% in the year ended September.
Global Reports
3 hours ago Updated UK consumer inflation remains at slowest pace since 2016
Mubasher: The UK’s consumer price index, the headline gauge for the country’s inflation, remained unchanged month-on-month at 1.7% year-on-year in September.
Global Reports
4 hours ago European equities slip as investors await outcome of Brexit talks
Mubasher: European stocks traded lower earlier in Wednesday as investors were awaiting a possible Brexit deal between the UK and the European Union.
Global Markets brief
Global oil prices slid by 1.5% on Tuesday
4 hours ago Kuwaiti oil declines 53 cents on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil fell by 53 cents to settle at $60.61 per barrel (pb) on Tuesday when compared to $61.14 pb a day earlier, according to the official prices of Kuwait Petroleum Corporation (KPC).    Globally, oil prices …
Macroeconomics
15 October 06:11 PM Citigroup profit rises 6% in Q3
Mubasher: Citigroup on Tuesday said it posted a 6% year-on-year growth in net income during the third quarter of this year.
Global Markets brief
15 October 05:46 PM Goldman Sachs profit falls 26% in Q3
Mubasher: Goldman Sachs on Tuesday reported its earnings for the third quarter of this year, which missed Wall Street forecasts.
Global Reports
15 October 05:06 PM JPMorgan Chase profit climbs in Q3 on strong consumer banking
Mubasher: JPMorgan Chase on Tuesday said that its net income and revenue climbed by 8% year-on-year in the third quarter of this year.
Global Reports
Global oil prices retreated by 2%
15 October 04:48 PM Kuwait crude oil drops 54 cents on Monday – KPC
Mubasher: The Price of Kuwait’s crude oil declined by 54 cents to settle at $61.14 per barrel (pb) on Monday when compared to $61.68 a barrel on Friday, according to the latest data by Kuwait Petroleum Corporation (KPC). At the global level, oil …
Commodities
15 October 04:09 PM China’s new lending grows above forecast in September
Mubasher: Chinese bank lending during September came more than expected, as the authorities boosted their efforts to stabilise sluggish economy as US trade pressures mount.
Global Reports
15 October 03:20 PM Global steel demand remains resilient in 2019, 2020–worldsteel
Mubasher: The World Steel Association said that global steel demand will remain solid this year and next, even amid uncertainty over global economic conditions.
Global Markets brief
15 October 02:20 PM Gold rises as trade hopes fade, amid focus on Brexit
Mubasher: Gold was higher on Tuesday as hopes surrounding the US-China trade talks waned, while markets were anticipating the outcome of crunch meeting.
Global Markets brief
The USD dropped to EGP 16.24 for buying ADIB
15 October 02:12 PM USD falls against EGP on Tuesday
Cairo – Mubasher: The US dollar exchange rate has continued to slide against the Egyptian pound on Tuesday. The USD declined by EGP 0.03 to EGP 16.19 for buying and EGP 16.29 for selling at the National Bank of Egypt (NBE) and Banque Misr. …
Currencies
15 October 01:37 PM German investor morale posts less-severe-than expected decline
Mubasher: Sentiment among German investors declined in October, amid worries that the economy might be on course to recession.
Global Markets brief
15 October 12:37 PM Oil extends drop on weak China figures, global demand fears
Mubasher: Oil prices fell on Tuesday, extending heavy losses in the preceding session, after figures from China accentuated worries about fuel consumption growth.
Oil and Energy
15 October 11:57 AM UK jobless rate ticks higher in 3M to August
Mubasher: UK job creation lost pace, as the number of working people declined in the period between June and August.
Global Markets brief
15 October 11:19 AM European shares climb on Brexit deal hopes
Mubasher: European equities rallied in early Tuesday trade, after European Union negotiator Michel Barnier a Brexit deal could be reached this week.
Global Reports
15 October 10:57 AM China’s inflation hits 6-year peak on pork price surge
Mubasher: China's consumer price inflation picked up steam in September, hitting the fastest pace in almost six years led by soaring pork prices.
Global Markets brief
14 October 06:23 PM Italy prepares tax on digital companies in 2020 budget–Report
Mubasher: Italy is preparing a new tax on digital businesses in its 2020 budget, Reuters reported citing two coalition sources.
Global Reports