According to the recent report of the Bureau of Labor Statistics, the U.S inflation for November 2011 remained unchanged and in annual terms the US inflation rose by 3.4%. The consumer price index without food and energy rose by 0.2%…
Today, the last survey of the year for the Philly Fed Manufacturing Index for December was published: this survey showed the U.S. manufacturing conditions continue to expand and at a slightly faster pace in December; the December Philly Fed index…
According to the recent producer price index report, which was published today, the PPI for finished goods in increased by 0.3% November compared to October. This report also serves as an indicator for the upcoming U.S core CPI to be…
In today’s OPEC meeting the OPEC ministers reached an agreement on the future crude oil production in 2012, as oppose to the last OPEC meeting back in June 8th, in which OPEC members couldn’t reach a consensus on OPEC’s oil…
Retails and foods services sales slightly increased in November compared with October 2011’s sales, and were also above the sales at November 2010. The U.S. Department of Commerce issued its monthly report on the change in the U.S. retail and…
Today, the IEA – International Energy Agency published its monthly report on the global crude oil market as of November 2011. According to the report, during November, OPEC’s oil production increased to 30.68 million bbl/d compared with October’s average oil production;…
According to the December report prepared by the Organization of the Petroleum Exporting Countries regarding the oil market for November, the OPEC oil production rose during November compared with October 2011’s oil production levels. OPEC’s crude oil production reached 30,367…
As I have expected, in the last Federal Open Market Committee meeting, which was held today, December 13th, there were no surprises and Committee decided to maintain its current monetary policy and didn’t introduce a new stimulus plan such as…
After long and hard deliberations in the recent EU summit that was held in Brussels on Friday, December 9th there seems to be a basic agreement among 23 of the 27 European Union that call for stronger fiscal controls –…
As expected the European Central Bank lower again its basic interest rate by 0.25 percent points from 1.25% to 1.00%. This announcement clearly shows a paradigm shift in ECB’s way of thinking as the ECB seems more concerned and involved…