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The shift to a clean energy economy is picking up paceA peak in global oil demand is in sight before the end of this decadeGlobal oil demand will grow by 2.4 mil bpd this year, to a record 102.3 mil bpdThat is helped by growth from the post-pandemic recovery, which is...

USD/JPY is down 0.2% to 139.90 at the moment while AUD/USD is up 0.3% to 0.6785 as we get the session underway. But those two are the only standouts, even calling that is a bit of a stretch, as other major currencies are rather subdued for now.There is a slight...

Eurostoxx +0.1%Germany DAX flatFrance CAC 40 +0.2%UK FTSE -0.1%Spain IBEX flatThis mirrors the flattish mood in US futures as well so far today. With all eyes on the Fed policy decision to come, don't expect much in European trading today. It is setting up for more of...

Prior -0.4%Wholesale price index -2.6% y/yPrior -0.5%This marks a continued fall in wholesale prices in Germany, with the annual estimate now the softest since July 2020. A lot of this still has to do with energy prices in general, so there is that to consider when...

Prior -0.3%GDP +0.5% vs +0.5% y/y expectedPrior +0.3%The services sector was the main contributor for the growth on the month, accounting for +0.26% while both the production and construction sectors fell showed a -0.04% performance to monthly GDP. And with the latest...

Major currencies are little changed on the day with narrow ranges prevailing ahead of European trading today. That isn't too surprising when the focus today is going to be all about the Fed later. US futures are little changed but the S&P 500 is looking poised...

In that lieu, nothing else might matter for markets especially as we come off the US CPI data from yesterday here. Headline annual inflation continues to fall but core annual inflation isn't coming off quite as fast. But when all is said and done, we're now looking at...

The Griffin spoke with the Financial Times, gated:Said Chinese authorities are bumping higher GDP growth up their list of priorities. Said that analysts at his firm expect Chinese economic growth to come in better than expected, which would assist in a US 'soft...

Session wrap Forex news for Asian trading on Wednesday, 14 June 2023 <!--> Eamonn Sheridan Wednesday, 14/06/2023 | 03:00 GMT-0 14/06/2023 | 03:00 GMT-0 --> It was a very light day for news and data ahead of the Federal Reserve decision due later today. After...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

China cut the retail prices of gasoline and diesel, effective today, Wednesday, 14 June 2023. This is the sixth cut (so far) this yearGasoline and diesel prices will be reduced by 55 yuan (about 7.69 U.S. dollars) per tonne and 50 yuan per tonneChina's state planner,...

Goldman Sachs were out with a note on China's property dangers earlier this week:Via a Morgan Stanley outlook report along similar lines. Analysts caution that if monetary easing measures fail to support the ailing sector, it will also lead to concerns of a spillover...