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Eurozone private sector activity remained robust in November despite a slight slowdown in the pace o...
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2025-11-21
European Central Bank President Christine Lagarde stated that the European Union could offset the im...
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2025-11-21
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U.S. natural gas prices have risen sharply in recent weeks amid forecasts of a cold start to the win...
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2025-11-21
Gold futures prices fell after a stronger-than-expected US jobs report reinforced expectations that...
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2025-11-21
The White House on Thursday confirmed that the United States will not participate in the G20 summit...
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2025-11-21
President Donald Trump escalated his criticism of Federal Reserve Chairman Jerome Powell on Wednesda...
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2025-11-21
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Eurozone private sector activity remained robust in November despite a slight slowdown in the pace of growth, bolstering hopes for an economic recovery in the final months of the year. Data released Friday by S&P Global showed the composite Purchasing Managers’ Index (PMI), a key gauge of the economy’s health, reached 52.4 in November, as expected, up from 52.5 in October. The index reading remains above the 50-point mark that separates growth from contraction. The services sector was the main driver of the data, expanding at its fastest pace in 18 months to 53.1 in November, up from 53 in October. However, the manufacturing sector grew at a slower pace, registering 50.5 in November, its lowest level since March, compared to 51 in the previous month.
2025-11-21
Gold futures prices fell after a stronger-than-expected US jobs report reinforced expectations that the Federal Reserve would refrain from cutting interest rates at its December meeting. During Friday's trading, December gold futures fell 0.5%, or $19.70, to $4,040.30 an ounce. Spot gold also declined, dropping 0.85% to $4,043.15 an ounce, while silver fell more than 3% to $49.02 an ounce. Meanwhile, the dollar index, which measures the performance of the US currency against a basket of six major currencies, edged down 0.1% to 100.04 at 11:39 AM Mecca time. Silver futures for December delivery fell 2.75% to $49.56 an ounce, while spot prices for platinum and palladium both declined, losing about 0.45% to $1,511.84 and 0.6%, respectively, to $1,372.59. According to FedWatch, expectations for a 25-basis-point interest rate cut at the Federal Reserve's December meeting dropped to 35.4% from 98.1% a month earlier, while expectations for no-deal Brexit rose to 64.6% from 1.7%.
2025-11-21
The White House on Thursday confirmed that the United States will not participate in the G20 summit in Johannesburg this weekend, contradicting earlier remarks by the South African president that Washington had expressed interest in attending. South African President Cyril Ramaphosa had spoken earlier on Thursday about a sudden shift in the Trump administration's stance, which had been sharply critical of his country's treatment of white farmers, a minority group. However, the White House stated that U.S. participation would be limited to the ambassador attending the ceremony marking the handover of the group's rotating presidency, which the United States will host next year. White House spokeswoman Caroline Leavitt told reporters, "The United States will not be participating in the formal G20 discussions in South Africa." She added, "The South African president spoke a bit against the United States and the U.S. president earlier today, and that language is not appreciated by the president or his team." Ramaphosa had previously said that the United States had "changed its mind about participating in some way at the summit," calling it a "positive sign." “All countries are here, and the United States, the world’s largest economy, should be here,” he said. Ramaphosa’s remarks came despite the U.S. Embassy in Pretoria notifying him that it would not be attending. In a letter over the weekend, the embassy said the G20’s priorities in South Africa “are at odds with the political positions of the United States, and we cannot support consensus on any documents negotiated under your chairmanship.” Trump had initially agreed to send Vice President J.D. Vance to the G20 talks in Pretoria, but then reversed course and ruled out any participation.
2025-11-21
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2025-11-20
Patrick Pouyanné, CEO of Total Energies, stated that European countries must avoid increasing their reliance on US liquefied natural gas (LNG) imports as they prepare to further reduce imports from Russia. In an interview with the television channel LCI, Pouyanné said, "US President Donald Trump is trying, in a way, to replace dependence on Russia with dependence on the United States, while Europe is looking for alternative energy sources." This comes after the European Union recently adopted a new package of sanctions against Russia, including a ban on LNG imports starting in 2027, aimed at undermining Moscow's capabilities in its war in Ukraine. He added that the United States supplies Europe with approximately 40% of its LNG needs, and that there is pressure from President Trump to increase that share, which is crucial, emphasizing the need to diversify supplies.
2025-11-20
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Bitcoin largely stabilized near $92,000 on Thursday after slipping below the key $90,000 level in the previous session, as investors weighed conflicting signals from the Federal Reserve and awaited crucially delayed US jobs data. The world's largest cryptocurrency was trading virtually unchanged at $91,882.40 by 10:11 AM Saudi time. It had fallen to a 24-hour low of $88,610.40 before recovering back above $90,000.
2025-11-20
2025-11-21
2025-11-21
2025-11-21
2025-11-20
Patrick Pouyanné, CEO of Total Energies, stated that European countries must avoid increasing their...
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Bitcoin largely stabilized near $92,000 on Thursday after slipping below the key $90,000 level in th...
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The International Monetary Fund (IMF) said on Wednesday that the world’s 20 largest economies will g...
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Oil prices rose on Thursday, buoyed by optimism about the U.S. demand outlook following a larger-tha...
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