Oil fell to its lowest level since August after Saudi Arabia pledged to meet any supply shortfall that materializes from Iranian sanctions. The Saudi Energy Minister Khalid Al-Falih said OPEC is in a “produce as much as you can mode”.
US economy expanded by 3.5% in the third quarter of 2018, marking the fastest back-to-back periods of growth since 2014. Though the consumer spending rose, there are concern about its consistency going ahead as there was the slowdown in business spending in spite of 2017 corporate tax cuts. Besides, as per separate report growth in
The European Central Bank (ECB) left its interest rate on the main refinancing operations, interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.40% respectively. ECB will also continue to make net purchases under the asset purchase programme (APP) at the new monthly pace of €15 billion until
Japan’s core CPI for Tokyo, a leading indicator of nationwide price trends, rose 1.0% in October from a year earlier. Overall CPI rose 1.5% in October from a year earlier, marking the highest increase since March 2015, as vegetable prices surged 23.4%. Japan’s manaufacturing sector rebounded in October marking the strongest improvement in business conditions