Saudis Raise Crude Price to Asia as Vaccines Buoy Oil Market
(Bloomberg) — Saudi Arabia raised oil pricing for customers in its main market of Asia after optimism over coronavirus vaccines caused crude prices to climb to an nine-month high last week. The increase, the biggest in five months, indicates the world’s largest oil exporter is confident global energy demand is strong Continue Reading
UK House Prices Jump 7.6% In November, Says Halifax
UK house prices saw the biggest annual rise in more than four years at 7.6% in November from 7.5% in October, figures released by Halifax showed Monday. On a monthly basis, house prices rose by 1.2% in November, the report added.
UK car sales drop by more than a quarter amid lockdown
LONDON, Dec 4 (Reuters) – British new car registrations slumped by an annual 27.4% in November, according to industry data released on Friday, as England spent most of the month in a second national lockdown, shutting showrooms. “With a vaccine now approved, the business and consumer confidence on which this Continue Reading
Deutsche Bank the latest to forecast more misery for the dollar next year
Deutsche releases its latest forecast for the euro and pound expecting EUR/USD at 1.3000 and GBP/USD at 1.4600 respectively by the end of next year.There’s not much other details but I reckon it is a fair assumption that they are betting on dollar weakness being a key theme driving the Continue Reading
UK approves Pfizer-BioNTech COVID-19 vaccine, first in the world
By Guy Faulconbridge and Paul Sandle LONDON (Reuters) – Britain on Wednesday became the first western country to approve a COVID-19 vaccine, jumping ahead of the United States and Europe after its regulator cleared a shot developed by Pfizer for emergency use in record time. The vaccine will be rolled out Continue Reading