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USA Crude Oil Stocks Drop Nealy 2MM Barrels WoW

USA Crude Oil Stocks Drop Nealy 2MM Barrels WoW

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 1.8 million barrels from the week ending November 28 to the week ending December 5, the U.S. Energy Information Administration (EIA) highlighted in its latest weekly petroleum status report.

Glendon

Trump Plans To Push For Cannabis Rescheduling As Less Dangerous

Trump Plans To Push For Cannabis Rescheduling As Less Dangerous

President Donald Trump is expected to direct his administration to move to reclassify marijuana as a less dangerous drug, according to people familiar with the matter, a move that could represent one of the biggest shifts in US policy toward cannabis in decades.

Justin

EU Set to Lock Up Russia’s Frozen Assets So Hungary and Slovakia Can’t Veto Their Use for Ukraine

EU Set to Lock Up Russia’s Frozen Assets So Hungary and Slovakia Can’t Veto Their Use for Ukraine

The EU is set to freeze Russia’s €210 billion in European assets until Moscow ends its war in Ukraine and compensates Kyiv, paving the way to use the funds to support Ukraine’s financial and military needs.

Warren Takunda

Market Rotation Lifts U.S. Stocks to Record Highs as Tech Falters Amid AI Concerns

Market Rotation Lifts U.S. Stocks to Record Highs as Tech Falters Amid AI Concerns

The S&P 500 and Dow Jones surged to new highs as investors rotated out of tech stocks into financials and broader sectors, reflecting optimism about the U.S. economy and the Federal Reserve’s recent rate cut...

Gerik

UK Inflation Expectations Cool From Two-Year High Before BOE Vote

UK Inflation Expectations Cool From Two-Year High Before BOE Vote

British households' inflation expectations edged down from their highest in two years, a slight easing that may soothe concerns at the Bank of England as officials decide whether to cut interest rates further.

Michelle

London Open: Stocks Gain as GDP Figures Cement Rate-Cut Expectations

London Open: Stocks Gain as GDP Figures Cement Rate-Cut Expectations

London stocks rose in early trade on Friday, with the FTSE 100 up 0.4% at 9,739.93, as UK GDP data showed a slight contraction in October, reinforcing expectations of a Bank of England rate cut next week.

Warren Takunda

Goldman Forecasts Double-digit S&P 500 Earnings Growth in 2026

Goldman Forecasts Double-digit S&P 500 Earnings Growth in 2026

Solid U.S. growth and a weaker U.S. dollar, as well as artificial intelligence productivity gains, are anticipated to support an increase in S&P 500 earnings next year, according t...

Glendon

Reddit Files Lawsuit Against Australia's Social Media Ban

Reddit Files Lawsuit Against Australia's Social Media Ban

Message board website Reddit filed a lawsuit on Friday asking Australia's High Court to overturn the country's social media ban for people under 16 as well as its inclusion in it, calling the law an infringement of free political expression.

Winkelmann

Russia's Oil And Gas Revenue Seen Halving In December To Lowest Since August 2020

Russia's Oil And Gas Revenue Seen Halving In December To Lowest Since August 2020

Russian state oil and gas revenue is likely to almost halve in December compared with a year ago to 410 billion roubles ($5.17 billion) as a result of lower crude prices and a stronger rouble, Reuters calculations showed on Friday.

Dark Current

Dollar Set for Weekly Loss; Sterling Weakens After GDP Drop

Dollar Set for Weekly Loss; Sterling Weakens After GDP Drop

The U.S. dollar steadied Friday, but was on course for a third consecutive weekly fall after the Federal Reserve cut interest rates earlier this week, bringing borrowing costs to a nea...

Michelle

U.S. Stocks Hit New Highs as Investors Rotate Out of Tech Amid AI Uncertainty

U.S. Stocks Hit New Highs as Investors Rotate Out of Tech Amid AI Uncertainty

The S&P 500 and Dow Jones closed at record highs as market participants shifted away from tech stocks following disappointing earnings and guidance from Oracle and Broadcom...

Gerik

UK Economy Contracts Ahead of Budget, Raising Pressure on Bank of England

UK Economy Contracts Ahead of Budget, Raising Pressure on Bank of England

The UK economy unexpectedly shrank by 0.1% in the three months to October, just before Chancellor Rachel Reeves’ November Budget, as weak services output and declines in production and construction signaled mounting economic headwinds....

Gerik

Thailand’s Parliament Dissolution Deepens Crisis Amid Ceasefire Breakdown with Cambodia

Thailand’s Parliament Dissolution Deepens Crisis Amid Ceasefire Breakdown with Cambodia

Thailand has dissolved its parliament amid constitutional deadlock and escalating border clashes with Cambodia, raising political uncertainty and threatening regional stability as the U.S. attempts...

Gerik

EUR/USD Surges on Dovish Fed Signals And Shifting Expectations

EUR/USD Surges on Dovish Fed Signals And Shifting Expectations

The EUR/USD pair rallied sharply to 1.1735 on Friday, propelled by a sustained sell-off in the US dollar. The move followed a widely anticipated Federal Reserve rate cut, which was accompanied by guidance that proved more accommodative than markets had expected.

Blue River

China’s Bank Consolidation Campaign Struggles as Profits Sink and Capital Buffers Thin

China’s Bank Consolidation Campaign Struggles as Profits Sink and Capital Buffers Thin

China’s aggressive consolidation of its small banking sector is showing early signs of strain, as newly merged regional banks report falling profits and weakening capital ratios...

Gerik

Romanian Inflation Holds Firm In November

Romanian Inflation Holds Firm In November

Food inflation was marginally below what we had expected, non-food inflation was roughly in line with expectations, while services inflation was slightly higher than we had expected.

ING

Swedish Labour Force Survey Concludes The Week

Swedish Labour Force Survey Concludes The Week

In Sweden, the Swedish labour force survey (LFS) for November is set to be released. We anticipate the unemployment rate to come in at 7.90% (8.80% seasonally adjusted).

Danske Bank

Big Week Ends With Big Doubts

Big Week Ends With Big Doubts

The S&P 500 continued to push higher yesterday as the US 2-year yield wavered around the 3.50% mark following a Federal Reserve (Fed) rate cut earlier this week that was ultimately perceived as not that hawkish after all.

Swissquote

EURUSD Surges Above 1.1700

EURUSD Surges Above 1.1700

The EURUSD rate has risen above the 1.1700 level. The euro received support from the Fed's rate cut and slowing inflation in the eurozone.

Winkelmann

Intel’s Use of Tools from Sanctioned China-Linked Firm Sparks National Security Concerns

Intel’s Use of Tools from Sanctioned China-Linked Firm Sparks National Security Concerns

Intel has tested chipmaking equipment from ACM Research, a U.S.-based firm with deep operations in China and sanctioned overseas units, raising alarms over potential national security vulnerabilities despite no proven regulatory breach....

Gerik

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