Source: Energy Industry Association American commercial crude oil inventories fell in the previous week, as both inputs and imports posted declines during the period. US commercial crude oil inventories stood at 428.3 million barrels, down by 4.6 million barrels from the previous week. This is 7% below the five-year average.Declines were seen in the total inventories of … [Read more...] about US Crude Inventories Slip to 428.3 Million Barrels
Forex News
US Retail Sales Post Gains of 0.3% in November, Slower Than Anticipated
Source: U.S. Department of Commerce. U.S. retail sales increased slower than expected in November, likely a drawback after rising in the prior month as Americans started early shopping for the holiday season. DXY up +0.04%, EUR USD down -0.01% A cycle in spending from goods back to services and shortages and resulting higher prices have held back retail sales prior month, … [Read more...] about US Retail Sales Post Gains of 0.3% in November, Slower Than Anticipated
UK Inflation Accelerates to 5.1% in November
Source: Office for National Statistics Inflation in the United Kingdom continued to accelerate in November to mark a three-month high, driven mainly by higher transport costs during the period. EWU is down 0.58%. The Consumer Price Index stood at 114.5, up by 5.1% from the previous year. This is the second month of acceleration following October’s 4.2%.The monthly … [Read more...] about UK Inflation Accelerates to 5.1% in November
New York State Manufacturers Remain Optimistic as Business Activity Hold Steady
Source: New York Fed New York State manufacturers’ general business conditions index maintained at 31.9, with most firms remaining optimistic over the six-month outlook. SPY is up +0.065%, DXY is down -0.04%. Unfilled orders increased on rising demand, with the index up six points to 19.0, which also saw substantial gains in shipments. Both new orders and shipments … [Read more...] about New York State Manufacturers Remain Optimistic as Business Activity Hold Steady
PBOC Keeps Rates Unchanged, Partly Rolls Over Medium-Term Loans
Source: Reuters The People’s Bank of China (PBOC) on Wednesday partially rolled over maturing medium-term loans in a bid to drive liquidity as the market expects the easing of measures. CNYA is down 0.70%. The PBOC kept the rate of its 500-billion yuan one-year medium-term facility steady at 2.95% or the 20th consecutive month.The central bank earlier decided to reduce … [Read more...] about PBOC Keeps Rates Unchanged, Partly Rolls Over Medium-Term Loans
