UK GDP contracted -0.2% mom in December, better than expectation of -0.5% mom. Services output dropped -0.5% mom. Production rose 0.3% mom while construction rose 2.0% mom. Services and construction were both above pre-coronavirus levels, by 0.5% and 0.3% respectively, but production remained -2.6% below. Q4 GDP grew 1.0% qoq, slightly below expectation of 1.0% […]
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WTI oil price jumped over $2 on Monday following success of US-China trade talks over the weekend that eased tensions and signaled that world’s two largest oil consumers are on the way to resolve their Read more…
US-China trade talks over the weekend developed more positively than both we and consensus expected. Below we give a short overview of what happened and the implications in US and China, respectively. What it means Read more…
The price of a troy ounce of gold fell to 3,273 USD on Monday, losing about 1% compared to the previous session’s level. Key factors driving gold’s movement The primary reason for the decline is Read more…