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Dollar firmer as investor focus shifts to Fed

Posted on 14/12/2018 06:58:00 GMT

(Reuters) - The dollar firmed against most major counterparts on Friday as investor focus shifted to an expected U.S. interest rate hike next week, although gains are likely to be capped on greater uncertainty about next year's policy outlook. The greenback found broad support as the euro and po [...]

Oil Prices Fall After Jumping 3% on Mid-2019 Supply Deficit Hopes

Posted on 14/12/2018 06:59:00 GMT

Oil prices fell on Friday in Asia after a 3% jump in the previous session on suggestions that global supplies could balance by the middle of next year. Crude Oil WTI Futures for January delivery declined 0.4% to $52.40 per barrel at 2:06 AM ET (07:06 GMT) on the New York Mercantile Exchange. [...]

U.S. core retail sales accelerate in November

Posted on 14/12/2018 14:08:00 GMT

WASHINGTON (Reuters) - U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the economy. The upbeat data from the Commerce Department on Friday bolstered expectatio [...]

Oil rises to $61 on Libyan supply cut, U.S. inventories

Posted on 12/12/2018 10:17:00 GMT

(Reuters) - Oil rose to about $61 a barrel on Wednesday, supported by an industry report showing a drop in U.S. crude inventories, a cut in Libyan exports and an OPEC-led deal to trim output. The American Petroleum Institute (API) said on Tuesday that U.S. crude inventories dropped by 10.2 millio [...]

UK Unemployment Rate Holds at 4.1%, Wage Growth Hits 10-Year High

Posted on 11/12/2018 10:35:00 GMT

The UK unemployment rate remained unchanged in October, while wage inflation picked up to its fastest pace in 10 years, according to official data released Tuesday. The Office for National Statistics reported that the unemployment rate was 4.1% in October, unchanged from a month earlier and in li [...]

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