Goldman Sachs flags shrinking supply shock in USD outlook, sees delayed dollar weakness

At Thursday’s close, the Dow Jones Industrial Average (US30) was up 1.06%. The S&P 500 Index (US500) closed positive 0.53%. The Nasdaq Technology Index (US100) was up 0.36%. The Dollar Index remained above 107, holding near two-year highs, as investors assessed the Federal Reserve’s monetary policy outlook. Data released on Thursday showed that weekly US…

Prison population in England and Wales reaches new record high The prison population has reached a new record high, PA Media reports. Official figures showed there were 88,521 people imprisoned on Friday, 171 more than the previous record set at the end of last week. The prison population has risen by 1,025 people over the…

HONG KONG (Reuters) – Shares of Miniso Group Holding plunged as much as 39.2% to HK$20 ($2.57) on Tuesday after the company said it would take a stake in embattled Chinese supermarket operator Yonghui Superstores. The lifestyle products retailer’s shares dived to the lowest since December 2022, on track for the biggest one-day percentage drop…

OBR says UK economy on “unsustainable” path It hasn’t been a great run for the UK government. Last week, the government failed to reform welfare spending. On Tuesday, the Office for Budget Responsibility (OBR) delivered a scathing report of the state of the UK’s public finances on Tuesday. The report sent the British pound as…

The ATR indicator on the XBR/USD chart has dropped to its lowest level since early autumn, signalling reduced volatility. This likely reflects market participants awaiting announcements from the OPEC+ meeting scheduled for 1 December. Overall, Brent crude prices remain under pressure due to:→ reduced tensions in the Middle East, with reports this week confirming a…