Media In \ Agencies 11-05-2019 NEW YORK (Reuters) – Gold prices rallied on Friday, bolstered by growing trade tensions after a tariff increase, ordered by US President Donald Trump on $ 200 billion worth of Chinese goods, putting the precious metal on track for a weekly gain. Spot gold stood …
Read More »Oil closes flat and ends the week on a low
Media In \ Agencies 11-05-2019 Oil prices closed little changed on Friday, ending the week lower as trade tensions between the United States and China surged after Washington raised tariffs on Chinese goods, overshadowed a global supply shortage and expectations of rising demand from US refineries. Global Brent crude futures …
Read More »China records 6.4% GDP Growth in Q1,2019
Media IN/Abudhabi/11-05-2019 The Chinese economy advanced 6.4 percent year-on-year in the March quarter of 2019, the same pace as in the previous quarter but slightly above market expectations of a 6.3 percent expansion. In the same way industrial output growth increased significantly and consumer demand strengthened amid government’s pro growth …
Read More »US stocks close higher
Media In New York 10-05-2019 US stocks closed higher today The Dow Jones industrial average was up 116.45 points, or 0.45 percent, to 25944.81. The broader S & P 500 index was up 10.68 points, or 0.38 percent, to end at 2881.40. The Nasdaq Composite Index <.IXIC> was up 6.35 …
Read More »Canada Unemployment Rate Falls to 5.7% in 2019
Media IN/Abu-dhabi/11-05-2019 According to statistics, the unemployment rate in Canada fell to 5.7 percent in April 2019 from 5.8 percent in the previous month and slightly below market expectations of 5.8 percent. The economy added 106,000 jobs, the largest rise in employment on record, driven by both full-time positions (73 …
Read More »French economy grew by 0.3% on quarter in the first three months of 2019
Media IN/Abu-dhabi/11-05-2019 The French economy advanced 0.3 percent on quarter in the three months to March 2019, the same pace as in the previous period and matching market expectations, a first estimate showed. Household consumption and fixed investment were the main drivers of growth while net foreign demand contributed negatively. …
Read More »UK GDP growth increases to 0.5 percent in Q1, 2019
Media IN/LONDON, 11th May, 2019 (WAM) In the first three months (quarter one) 2019, the UK economy grew by 0.5 percent accelerating from a 0.2 percent expansion in the previous period and matching market expectations, a preliminary estimate has showed. Private consumption, government spending and gross capital formation contributed positively, …
Read More »US government records $160 billion surplus in April
Media IN/Abudhabi/ 10th May, 2019 (WAM) – WASHINGTON: The US federal government recorded a $160 billion surplus in April, as revenues for the month jumped to an all time high. But even with a flood of tax receipts, the defecit so far this year is running 37.7% higher than a …
Read More »Paris Stock Exchange closes higher
Media in\ Paris 10-05- 2019 The Paris Stock Exchange closed at 0.27 percent on Tuesday. The CAC 40 index gained 14.28 points, reaching 5327.44 points, amid a trading volume of 3.4 billion euros.
Read More »European stocks rise
Media IN / London 10-05- 2019 Major European shares closed higher today. The Euro Stoxx 50 index rose 0.78 percent to 3376.94 points, while Germany’s DAX rose 129.87 points to 12,103.79 points. The Dutch AEX index gained 3.65 points to close at 553.24 points.
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