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The U.S. trade deficit narrowed to its narrowest level since June 2020 in September.
The number of Americans filing for unemployment benefits for the week ending December 6 was 236,000, the highest since the week ending September 6, 2025.
The four-week moving average of initial jobless claims in the United States for the week ending December 6 was 216,750, compared with 214,750 in the previous week.
The number of Americans continuing to claim unemployment benefits for the week ending November 29 was 1.838 million, compared with an expected 1.947 million and a revised 1.937 million for the previous week (originally reported as 1.939 million).
The number of Americans filing for unemployment benefits for the week ending December 6 was 236,000, compared with expectations of 220,000 and a revised figure of 192,000 for the previous week (originally 191,000).
On December 11th, a rumor circulated in the market this evening, attracting widespread attention: "Recently, three new regulations regarding adjustments to the trading process have been announced. The core content includes: first, increased latency for order placement, with two proposed solutions; second, requiring brokerages to remove all client-specific equipment, including single-client service equipment, within three months." Regarding this rumor, several IT department heads at brokerages responded that they "have not yet received any specific notification." One IT department head at a brokerage stated, "We haven't received any official notification yet, but everyone is already aware of this news. We can wait and see; if there is an official regulatory notification, it should be released soon."
On December 11th, AJ Bell analyst Laith Khalaf pointed out in a research report that due to relatively high inflation in the UK, the Bank of England is likely to cut interest rates fewer times in 2026 than in 2025. The market widely expects the Bank of England to cut its benchmark interest rate by 25 basis points to 3.75% at its meeting on December 18th. However, Khalaf stated that the pace of rate cuts is likely to slow in the coming months. "Previous monetary easing policies are still in effect, and new stimulus measures throughout 2026 are likely to be very limited."
The number of initial jobless claims in the United States for the week ending December 6 and the September trade balance will be released in ten minutes.
December 11th - According to monthly data released by OPEC on Thursday, Russia's crude oil production rose slightly to 9.367 million barrels per day in November, an increase of 10,000 barrels per day from October, but still below its OPEC+ quota of 9.532 million barrels per day. OPEC+ has cumulatively increased its crude oil production target by more than 2.7 million barrels per day this year, equivalent to about 2.5% of global oil demand. This policy shift ended years of production cuts aimed at regaining market share. However, at its meeting at the end of November, OPEC+ decided to maintain current production levels until the first quarter of 2026 to address market concerns about potential oversupply. The report also showed that Kazakhstan's crude oil production increased by 36,000 barrels per day month-on-month in November, reaching 1.745 million barrels per day, continuing to exceed its quota.
On December 11th, OPEC stated in its monthly report that OPEC+ slightly increased crude oil production in November as eight member countries continued to pursue their planned production increases. OPEC also maintained its forecasts for global oil demand growth in 2025 and 2026, noting that the global economy remains on a solid track. The report showed that OPEC+ crude oil production in November was 43.06 million barrels per day, an increase of 43,000 barrels per day from October. Looking ahead, OPEC+ crude oil demand is projected to average 42.6 million barrels per day in the first quarter of 2026, with an annual average demand of 43 million barrels per day, indicating a basic balance between supply and demand in the market. Furthermore, the organization did not adjust its forecasts for global oil demand growth in 2025 and 2026, reflecting continued confidence in the energy consumption outlook.
According to CNBC, U.S. Treasury Secretary Bessenter will push for looser regulations and a more liberal approach.
1. Algeria's crude oil production increased by 10,000 barrels per day (bpd) in November to 965,000 bpd. 2. Congo's crude oil production decreased by 10,000 bpd in November to 254,000 bpd. 3. Guinea's crude oil production decreased by 3,000 bpd in November to 45,000 bpd. 4. Gabon's crude oil production decreased by 8,000 bpd in November to 217,000 bpd. 5. Iran's crude oil production decreased by 19,000 bpd in November to 3,221,000 bpd. 6. Iraq's crude oil production decreased by 21,000 bpd in November to 4,077,000 bpd. 7. Kuwait's crude oil production increased by 13,000 bpd in November to 2,565,000 bpd. 8. Libya's crude oil production increased by 4,000 bpd in November to 1,285,000 bpd. 9. Nigerian crude oil production decreased by 11,000 barrels per day (bpd) in November to 1.486 million bpd. 10. Saudi Arabian crude oil production increased by 54,000 bpd in November to 10.053 million bpd. 11. The UAE's crude oil production increased by 16,000 bpd in November to 3.378 million bpd. 12. Venezuelan crude oil production decreased by 27,000 bpd in November to 934,000 bpd. 13. OPEC's crude oil production decreased by 1,000 bpd in November to 28.48 million bpd.
OPEC Monthly Report: OECD oil inventories fell by 32 million barrels in October to 2.83 billion barrels.
OPEC's monthly report maintains its 2025 and 2026 Eurozone economic growth forecast at 1.2%.
OPEC Monthly Report: Global economic growth remained strong in the third quarter.
OPEC's monthly report maintains its 2026 global economic growth forecast at 3.1%, while raising its 2025 global economic growth forecast from 3% to 3.1%.
OPEC Monthly Report: Maintains 2026 non-OPEC supply growth forecast at 630,000 barrels per day.
OPEC Monthly Report: Maintains 2026 US economic growth forecast at 2.1%
OPEC Monthly Report: Maintains 2025 US economic growth forecast at 1.8%
OPEC Monthly Report: The report forecasts that global average demand for OPEC+ crude oil in the first quarter of 2026 will be 42.6 million barrels per day (unchanged from previous forecasts).
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