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Crude oil prices rose due to fears of supply in the Middle East and USA

October 23, 2017 10:00 amComments Off on Crude oil prices rose due to fears of supply in the Middle East and USA
Crude oil prices rose due to fears of supply in the Middle East and USA

The crude oil prices are rising on Monday after the fears of supply in the Middle East and the United States. Moreover, the overseas market shows additional tightening signals and demand in Asia continues to grow. The US crude crude oil WTI rose by 0.14% to 51.91 USD per barrel, while the European benchmark Brent remained without significant change at the level of 57.73 USD per barrel. For the week […]

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Japanese yen reacts strongly to the local parliamentary elections

9:54 amComments Off on Japanese yen reacts strongly to the local parliamentary elections
Japanese yen reacts strongly to the local parliamentary elections

Japanese yen reacts strongly to the parliamentary elections and the victory of Prime Minister Shinzo Abe. The pair EUR/JPY increases in a relatively even channel, as the upward trend continued during the whole trading session. In the early hours of the Asian session today, the local currency started declining against the all other major currencies, including the US dollar. The ruling coalition in Japan of the Prime Minister Shinzo Abe […]

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Chinese economy expected to meet its official growth target in 2017

October 21, 2017 10:47 amComments Off on Chinese economy expected to meet its official growth target in 2017
Chinese economy expected to meet its official growth target in 2017

Chinese economy expected to meet its official growth target in 2017, according to the state planning agency, despite the country’s fight against pollution, which is expected to shrink production in the winter months. China has forced 28 cities in smog-filled northern regions to reduce harmful emissions in the air, known as PM2.5, by at least 15% from October to March, which is expected to drop some steel production by up […]

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Canadian inflation is accelerating in September 2017

10:32 amComments Off on Canadian inflation is accelerating in September 2017
Canadian inflation is accelerating in September 2017

The Canadian inflation is accelerating at a slower than expected rate in September 2017, according to the data from the national statistics office. The consumer prices rose by 0.2% on a monthly basis, after the previous month’s increase was 0.1% and against estimates for growth of 0.3%. On an annual basis, Canadian inflation is 1.6%, which corresponds to expectations and is more than the 1.4% CPI growth in August. Beyond […]

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UK budget deficit shrinks in September 2017

9:03 amComments Off on UK budget deficit shrinks in September 2017
UK budget deficit shrinks in September 2017

The UK budget deficit shrinks in September 2017, exceeding the economists expectations, supported by a rise in revenue from income taxes and VAT. The UK budget deficit amounted to 5.9 billion GBP against 6.6 billion GBP an year earlier, according to data from the National Statistical Office. The value is less than the estimated 6.5 billion GBP. On an annual basis, revenues grew by 3.4%, with taxes on income increasing […]

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