BP does not reduce production

Source: Dukascopy Bank SA
Reuters has revealed that British Petroleum intends to abandon its production cut goals and review its broader strategy. Previously, the firm was expected to cut production by 25% by 2030.
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Thu, 10 Oct 2024 12:34:16 GMT

US inflation is higher than forecast

The monthly US Consumer Price Index data has revealed that inflation in the USA is higher than expected. Dollar is trading with increased volatility. US CPI is 0.2% instead of 0.1%. Core CPI increased 0.3% not 0.2%. Annual inflation is 2.4% instead of expected 2.3%.

Fri, 11 Oct 2024 04:30:04 GMT

ECB will cut rates in October

The Chief of the French Central Bank Francois Villeroy de Galhau has revealed to an Italian newspaper that the ECB is most likely going to cut interest rates at its October 17 meeting.

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