The FOMC concluded its last meeting this year and as the market had anticipated, the Fed announced it will expand QE3 that will include in addition to the Fed purchasing mortgage-backed securities at a pace of $40 billion per month;…
The OPEC Summit was concluded with no big headlines. The ministers have decided to keep OPEC’s quota unchanged at 30 million bbl/d. Currently, OPEC’s production is roughly 30.8 million bbl/d. According to the December report by the IEA – International…
According to the latest December report published by the Organization of the Petroleum Exporting Countries regarding the recent changes in the crude oil market for November, the OPEC oil production slightly declined again during November compared with October’s oil production.…
The U.S. employment rose again by a higher pace than many had expected during November: according to the latest U.S. employment report, which was published today, December 7th by the Bureau of Labor Statistics the number of non-farm employees expanded…
The prices of natural gas prices bounced back during the week after they had declined during the previous week. According to the latest EIA report the natural gas storage declined by 73 Bcf; the seasonal shift suggests the extractions from…
Today, the U.S. Manufacturing ISM report was published; according to the recent report, the U.S. Manufacturing PMI index declined to 49.5% during November 2012. The U.S. Manufacturing PMI is an index estimating the economic development of the U.S. manufacturing sectors;…
The bureau of economic analysis published today November 29th its second estimate of the growth rate of the U.S. Gross Domestic Product for the third quarter of 2012 and a first estimate for corporate profits. According to the recent report,…
The prices of natural gas prices rose again during last week but in recent days they have tumbled down. According to the recent EIA report the natural gas storage rose by 4 Bcf; this change (in the past couple of…
Today, the U.S. Census Bureau reported (opens pdf) on the changes in number of new homes sold in the U.S during October 2012: the number of new homes sales edged down compared with the number of new homes sold during September…
The U.S consumer confidence index rose again during November, after this index had risen during October. According to the recent U.S. consumer confidence survey, the consumer confidence index increased in November compared with October’s index: The index reached in November…