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In the US, producer prices have fallen for the first time in the past 18 months, MarketWatch writes. According to the US Department of Labor, prices in August this year fell by 0.1% compared to July, while specialists had expected an increase of 0.2%. In annual terms, prices of US producers increased by 2.8% in August, while analysts had predicted growth of 3.2%. Excluding food and energy, prices decreased by 0.1% as compared to July and grew by 2.3% compared to August of the previous year. It is noted that prices for goods remained unchanged in August, but the price of services for the month decreased by 0.1%.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
Gold prices traded lower in Asia on Friday morning amid hopes for COVID-19 vaccines from the U.S. and U.K. bolstered investor appetite. Sentiment was further boosted with the European Central Bank (ECB) signaling that it may leave interest ...
Gold prices fell earlier on Tuesday in Asia as the Dollar strengthened, pulling traction away from the yellow metal. Gold futures fell by 0.85% to $1,798.65 per ounce at 1:12 AM ET (6:12 AM GMT), still remaining above the $1,800 level. Losses ...
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