Oil prices reach record high

Source: Dukascopy Bank SA
This week, crude oil prices surged due to the output cuts done by Saudi Arabia and Russia. The surge resulted in oil price benchmarks reaching high levels not seen since November.
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Wed, 06 Sep 2023 14:02:07 GMT

ISM releases US Services PMI

The Institute for Supply Management has just released the United States Services sector Purchasing Managers Index survey results. The market consensus forecast was an index of 52.5 that would show an expansion of the sector. The actual survey result has been revealed to be 54.5. The news caused a surge of the US Dollar due to being better than expected.

Thu, 07 Sep 2023 06:30:04 GMT

US orders major air bag recall

United States auto safety regulators have ordered a recall of 52 million ARC Automotive and Delphi Automotive air bag inflators. The recall has been made due to possible ruptures that can send metal fragments flying.

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