OPEC countries decided on a cut of 1.2 million oil barrels a day.
This is a decision that complies with the earlier forecasts.
Month: November 2016
Market News Briefing – November 30th 2016 13:00 (GMT+1)
Wall Street futures contracts are rising as when the indices are getting a boost of energy and oil shares.
Market News Briefing – November 30th 2016 11:00 (GMT+1)
The prices of the oil is getting stronger.
WTI oil now costs 6% and closer to 48 dollars per barrel, while the Brent strengthened by 6.6% and traded for 50.4 per barrel.
Market News Briefing – November 30th 2016 10:30 (GMT+1)
The level of inflation in the Euro zone stood at 0.6% in November, in line with expectations.
This is the highest inflation rate recorded since April 2014.
Zone target set by the European Central Bank are still far away, a little below 2%.
Market News Briefing – November 30th 2016 08:45 (GMT+1)
The German retail sales recorded in October the best month for the past five years, with an increase of 2.4% in sales (relative to September), significantly above the forecast of a rise of 1%.
Market News Briefing – November 30th 2016 08:30 (GMT+1)
The European stocks markets started the day with a rise , just like yesterday’s closing on Wall Street.
The Investors eyes are now turned to Vienna where the producers meeting will be held today by OPEC members.
They will try to reach an agreement on the freezing the output in order to stabilize the price of oil.
Market News Briefing – November 29th 2016 15:35 (GMT+1)
Case-Shiller index of housing prices in the US showed an increase of 5.1% in September versus September last year.
This is the index which covers the changes in real estate in 20 districts.
Market News Briefing – November 29th 2016 15:30 (GMT+1)
The price of the oil is now falling by 3.9% to a price level of 45.2 dollars per barrel, at the background to what looked like a break-up of the summit attempt to decide tomorrow on OPEC output reduction.
Iran’s oil minister announced that his country doesn’t intend to sign a pledge to reduce the output and that the intention is only to leave the production levels as they were at OPEC meeting in September.
Market News Briefing – November 29th 2016 14:30 (GMT+1)
In the US GDP in the last quarter recorded a growth of 3.2% (annual respectively) compared to an expectations to increased by 3%.
Market News Briefing – November 29th 2016 13:30 (GMT+1)
Wall Street futures contracts are rising after the negative locking yesterday.
The European trading continues to remain of a mixed trend.
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