In the recent report of the Bureau of Labor Statistics, the US inflation for August 2011 inclined by 0.4% or in annual terms it rose by 3.8%. The CPI without food and energy also rose by 0.2% during August and…
Category: News Feed
ECB & Fed will offer loans to European banks
ECB officials announced today that ECB, with the help of the Federal Reserve will offer US dollar based loans to Euro Area banks for three months that will ensure these banks will have enough liquidity to end 2011. This news…
US PPI remained unchanged in August – September report
The producer price index was published today. It showed that the rate of PPI for finished goods didn’t change in August compared to a 0.2% increase (seasonally adjusted) during July. This report also serves as an indicator to the upcoming…
US Federal deficit grew by $134 billion in August
The House of Representatives’ decision made at the beginning of August to raise the US debt ceiling, coincides with the growth in US Federal deficit: according to the recent publication of the Monthly Treasury Statement, the US government deficit grew…
IEA revised down its projection on oil demand– September report
Today, the IEA – International Energy Agency published its monthly report on the global oil market for August 2011. During August, OPEC’s oil production slightly inclined by nearly 165 k bbl/d to 30.26 million bbl/d compared with July’s average oil…
Libya oil production expected to reach 1 million bbl/d in 6M-OPEC Sep
In the recent Organization of the Petroleum Exporting Countries report the OPEC oil production slightly inclined during August compared to July 2011; the report also predicts Libya will reach a production level of 1 million bbl/d within six months. OPEC’s…
Gold exports from Australia grew in July – September 12
Today the Australian trade of Balance report was published regarding the changes in the balance of goods and services during July 2011. According to the recent report, the seasonally adjusted surplus in balance of goods and services slightly inclined by…
ECB kept interest rate at 1.5% – September 8
As expected the European Central Bank decided to keep the interest rate unchanged at 1.5%; Jean-Claude Trichet, president of ECB, addressed the current risks in the Euro Area including the bank’s new predictions of the GDP growth in Euro Area…
US initial claims increased last week September 8
Today’s U.S. jobless claims weekly report was published and showed a slight increase in initial claims of 2,000 for the week ending on September 3rd; it reached 414,000 claims (seasonally adjusted data); the insured unemployment rate remained unchanged at 3.0% for…
Bank of Canada kept rate unchanged at 1%
Today Bank of Canada announced it will keep its overnight interest rate unchanged at 1%. USD/CAD is currently traded down. This decision was made as the Canadian inflation pressures are subsiding; during July the Canadian inflation rate reached an annual…