Financial News

Turkish jobless rate rises to 13.5 pct in December

Turkish jobless rate rose in the month of December. The unemployment rate rose 3.1 percentage points to 13.5 percent, showed Turkish Statistical Institute. The number of unemployed persons aged 15 years old and over increased by 1 million 11 thousand to 4 million 302 thousand persons in the period of December 2018 in Turkey compared with the same period of the previous year.

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FxWirePro: Bid USD/ZAR options trade as South African currency staged for further dips on risk-off and domestic fundamental landscape

Although the depreciation pressure due to global factors and risk-off sentiment recently eased somewhat, the rand was not able to benefit, as domestic factors such as the forthcoming rating review and the upcoming elections in May are having a negative impact.

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FxWirePro: Target for Brent revised higher to $74 per barrel

Bulls in charge.

  • Earlier this week, we warned that bulls might be taking a breather, as the price of oil has been consolidating in a tight range; both North American benchmark WTI (57.7-54.5), and global benchmark Brent (67.7-64.2)
  • Both Brent and WTI have cleared the hurdles and trading above the range; WTI at $58.2 per barrel and Brent at $9.5 per barrel premium to WTI.
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FxWirePro: WTI target revised higher to $63 per barrel

Bulls in charge.

  • Earlier this week, we warned that bulls might be taking a breather, as the price of oil has been consolidating in a tight range; both North American benchmark WTI (57.7-54.5), and global benchmark Brent (67.7-64.2)
  • Both Brent and WTI have cleared the hurdles and trading above the range; WTI at $58.3 per barrel and Brent at $9.4 per barrel premium to WTI.
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Italian industrial sales and new orders indices rise in January

Italian industrial turnover index rose in January. On a seasonally adjusted basis, the turnover index rise 3.1 percent sequentially, according to Istat. Turnover index in the domestic market saw a rise of 2.3 percent, whereas the non-domestic market saw a rise of 4.5 percent.

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