US stocks break a 4-day rise

US stocks break a 4-day rise

Treasury bonds and the dollar US Treasuries posted a modest increase at the front of the yield curve, with the monetary-policy-sensitive two-year yield falling by 3 basis points. Falling bond yields indicate that traders are betting that pressure to raise interest rates will ease. The dollar traded near its lowest level since April and the … Read more

Where are the economies of the Gulf countries headed in 2023?

Where are the economies of the Gulf countries headed in 2023?

Inflation fell Inflation remains a major challenge for many countries in the world. As for the Gulf region, although it recorded last July its highest level in 11 years at 4.8%, the inflation rate fell to 4% in November, and is expected to continue its decline to 2.7% in 2023. PwC says that there are … Read more

Gold records a decline amid the consolidation of an ounce above the $1900 level

Gold records a decline amid the consolidation of an ounce above the 00 level

Gold prices are retreating slightly from their highest levels in more than 8 months, as its spot price fell 0.3% to $1914.16 an ounce. Gold prices are falling Gold prices retreated slightly from their highest levels in more than 8 months, which they reached in the early hours of Monday morning, but held firm above … Read more

Credit in companies in Alicante falls to its lowest historical levels

Credit in companies in Alicante falls to its lowest historical levels

Credit to companies and families in the province is already in the lowest levels since there are records. This is reflected in the latest report issued by the Bank of Spain in which the total number of loans issued in Alicante up to September 2022 is accounted for and places them at 34,091 million euroswhich … Read more

Oil rose for the sixth day after the announcement of inflation figures in America

Oil rose for the sixth day after the announcement of inflation figures in America

Growing confidence in the recovery of the Chinese economy and mounting evidence of a cooling rate United States inflation forward in support to oil prices Raw for the sixth day. West Texas Intermediate crude rose by 1.3%, settling above $78 a barrel, in the longest streak of daily gains since February. The US Consumer Price … Read more

The first deposit with an interest rate of 10%. per year. What awaits savers in 2023? [31.12.2022]

The first deposit with an interest rate of 10%.  per year.  What awaits savers in 2023? [31.12.2022]

According to analysts, from the point of view of savers, the changes in the deposit market are no longer clearly positive. Several institutions are trying to tempt us with the promise of an interest rate above 8% and one of the banks has offered a deposit with an interest rate of 10%. per year. However, … Read more

Korea intends to raise energy prices in a blow to consumers

Korea intends to raise energy prices in a blow to consumers

Prices on the rise The price increase will provide KEPCO with an additional profit of 7 trillion won in 2023, according to Lee. The government aims to use more cheap energy such as nuclear, after increasing the share of more expensive and volatile sources such as liquefied natural gas over the past five years, exacerbating … Read more

Turkey asks banks to slow dollar purchases until next week

Turkey asks banks to slow dollar purchases until next week

need Turkish Central Bank Banks and commercial lenders are expected to refrain from making large dollar purchases on behalf of their corporate customers until Monday, according to people familiar with the matter. The people, who asked not to be identified because the information was confidential, said on Wednesday that regulators were trying to ease pressure … Read more

Tech stocks lead US stock market decline

Tech stocks lead US stock market decline

Technology stocks fell in US stock prices while Treasury yields increased as the market absorbed growth opportunities andinflation This will result from China lifting its isolation measures related to the fight against the virus Covid. The ‘Standard & Poor’s 500’ index fell amid weak trading conditions, which saw trading volume drop nearly 20% from its … Read more

Central Bank official: Interest rates must be driven to ‘tight zone’

Central Bank official: Interest rates must be driven to ‘tight zone’

With the central bank now signaling a higher final interest rate than many market participants expected, “reaching consensus” on next steps “certainly wouldn’t be easier,” Schnabel said. The German official said the European Central Bank had downplayed the importance of continued inflation previously and “didn’t initially take signs of rising inflation seriously enough” because it … Read more