Oil jumps after drone attack

Oil jumps after drone attack

According to the Sun, DRONE attacks on the world's largest oil plant in Saudi Arabia has sent oil prices rocketing by 15 per cent — the one of the biggest jump ever.Experts claim the attacks are the "equivalent of 9/11" to the global oil industry, with Brit motorists hammered at the petrol pump with an...
ECB statement - rate cut confirmed, net purchases restarted

ECB statement - rate cut confirmed, net purchases restarted

At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: The interest rate on the deposit facility will be decreased by 10 basis points to -0.50%. The interest rate on the main refinancing operations and the rate on the marginal lending facility will remain unchanged at their current levels of...
Gold reserves continue to rise

Gold reserves continue to rise

According to Zerohedge, China's foreign exchange reserves jumped to $3.1072 trillion despite the falling yuan and escalating trade war with the US, while raising its gold holdings by nearly 2.89 million troy ounces (99 tons) in nine months. That's nearly five percent more since the end of last year. As Bloomberg reports, that buying spree...
S&P 500 near All time high

S&P 500 near All time high

According to Reuters, the Federal Reserve is expected to cut interest rates again this month to keep the longest economic expansion in history, now in its 11th year, on track. The U.S. central bank lowered borrowing costs in July for the first time since 2008. Nonfarm payrolls increased by 130,000 jobs last month, the government...
Situation about Brexit is tangling

Situation about Brexit is tangling

According to Reuters, Parliament’s move leaves Brexit up in the air, with possible outcomes ranging from a turbulent no-deal exit to abandoning the whole endeavor - both outcomes would be unacceptable to swathes of the United Kingdom’s voters. An alliance of opposition lawmakers backed by 21 rebels from Johnson’s Conservative Party defeated the government on...