Major commodities started December with light changes; after the sharp gains most commodities had on November 30th, they had shifted mainly to red: Gold and silver prices slightly slipped. Crude oil prices also slightly declined. Natural gas spot price (Henry Hub)…
The U.S. labor force grew again during November: according to the recent U.S. employment report, which was published today, December 2nd by the Bureau of Labor Statistics the number of non-farm employees grew by 120,000. The growth in employment was…
Today the U.S. Manufacturing ISM report was published and the U.S. Manufacturing PMI rose to 52.7% during November. The U.S. Manufacturing PMI – an index that presents the economic activity in the U.S. manufacturing sector, rose for the 28th consecutive…
The Foreign Affairs Ministers of the top European Countries will convene today, Thursday December 1st in Brussels and will decide whether to impose sanctions on Iran including an embargo on Iranian oil. The escalation in the relation between Iran and…
Major commodities ended November on a positive note as their prices inclined along with the rest of the major financial markets including the American and European stock markets; this rally came following the announcement that five prime Central banks including…
During 2011 the premium of Brent oil over the WTI reached the highest levels ever and even peaked on September 29th to a premium of $29.47. As the gap between these energy prices shrink what is next for this difference…
According to the last U.S. pending homes sales report the downward trend in this market has changed direction and there was a sharp increase in pending home sales during October 2011, and the October 2011 U.S. pending home sales index…
Major energy commodities continued to rally despite the modest changes in other financial instruments such as the moderate changes in the American stock markets indexes. Crude oil continued to trade up. Natural gas spot price (Henry Hub) also kept on…
In this week’s Energy Information Administration petroleum report there is an update of the Seaway pipeline reversal and its role in affecting the price differences between Brent oil and WTI oil. This reversal could further help bring down the gap…
Following the slight decline in the U.S consumer confidence index during October, this index rallied in November. According to the last U.S. consumer confidence survey, the consumer confidence index bounced back in November compared with October’s index: The index reached…